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CR Minerals plc is a mineral development company with interests in Argentina, the USA, Indonesia and Australia. Our projects and interests are concentrated primarily in gold and base metals. ECR shares are listed on the Alternative Investment Market (AIM) of the London Stock Exchange with the symbol ECR and are also traded on PLUS Markets. ECR’s American Depositary Receipts (ADRs) are traded in the USA on an over the counter (OTC) basis with the symbol MTDGY.

Website:
http://www.ecrminerals.com/
Phone:
+44 (0)207 929 1010
Address:
2nd Floor, Peek House, 20 Eastcheap Street, London EC3M 1EB.
Super Sector:
General Mining - Gold
Sector:
Mining
Industry:
Gold Mining
EPIC / Symbols:
LON:ECR
chart-size
*subject to change and depends on individual circumstances.

ECR Minerals RNS Press Releases

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ECR Minerals Articles, News, and Media Files

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ECR Minerals Related Media

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Broker press

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  • 16/05/11
    +0.60 +1.60

    Press: ECR Minerals rose after saying tests at its El Abra gold prospect in Argentina, acquired in January for $60,000, had shown ?numerous... read more

  • 30/06/09
    +0.00 +2.63

    an article in the Times reports: Mercator Gold fell 0.25p to 2.63p as it placed 850,000 new shares at 2p each.

  • 09/10/07

    IC says buy (86p) : 09.10.07: -4.25, (80.75) IC says buy (86p) : BULL POINTS Strong gold price - Production set to rise rapidly - Experienced management... read more

  • 02/02/07

    an article in the Times reports: 02.02.07: -0.5, (78.5) an article in the Times reports: Mercator Gold, which should start production in June, has approval pending for a... read more

  • 10/11/06
    +1.75 +75.25

    IC says buy (74p) : BULL POINTS Moving towards production - Proprietary technology - Minimal political risk - Well prepared for any gold price weakness... read more

Director dealings

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Date Director Trans Amount Type Price(p) Value (£) Holding %
25/02/14 P. Johnson BUY 1,500,000 ORD 0.28 4,200 27,947,810 0.86
24/02/14 S.J. Clayson BUY 1,000,000 ORD 0.24 2,400 18,234,890 0.56
22/05/13 S.J. Clayson FEES 17,052,890 ORD 0.00 0 17,234,890 1.00
22/05/13 P. Johnson FEES 16,360,310 ORD 0.00 0 26,447,810 1.54
22/05/13 R.A. Watts FEES 13,250,000 ORD 0.00 0 13,250,000 0.77

BASIC RESULTS INFORMATION

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Date Type Turnover Profit EPS (p) Dividend (p) Currency
30/09/13 Full year 0.00 -7.52 -0.48 0.00 GBX
31/03/13 Interim 0.00 -2.65 -0.25 0.00 GBX
30/09/12 Full year 0.00 -4.07 -0.59 0.00 GBX
31/03/12 Interim 2.31 -0.96 -0.13 0.00 GBX
30/09/11 Full year 4.95 4.35 0.86 0.00 GBX

Company Statement

CR Minerals plc is a mineral development company with interests in Argentina, the USA, Indonesia and Australia. Our projects and interests are concentrated primarily in gold and base metals. ECR shares are listed on the Alternative Investment Market (AIM) of the London Stock Exchange with the symbol ECR and are also traded on PLUS Markets. ECR’s American Depositary Receipts (ADRs) are traded in the USA on an over the counter (OTC) basis with the symbol MTDGY.

Current Operations

Projects and Investments

Sierra de las Minas Gold Project

ECR has 100% ownership of the Sierra de las Minas gold project area in La Rioja Province, Argentina. The project area contains numerous mesothermal quartz vein hosted gold prospects, some of which have historically been mined on a small scale.

 

Key prospects include El Abra, where a 2011 surface geochemical sampling programme conducted by ECR confirmed the presence of high grade gold mineralisation hosted within and in association with approximately 900m of outcropping gold-bearing quartz veins. High grades including 80.78, 44.98 and 39.74 g/t gold were obtained.

 

During March and April 2012 ECR completed a 1,112m diamond drilling programme at El Abra. Of 13 holes drilled, three holes intersected very high grade gold mineralisation and four more intersected mineralisation grading in excess of 1g/t gold. The best overall intersection of the programme was 3.9m downhole at 11.6g/t gold, including 0.2m at 109.1g/t gold. This programme was followed up in September 2013 by a programme of underground sampling from within historic mine workings.

 

ECR has pursued an exploration strategy for the Sierra de las Minas project area oriented towards identifying sufficient high grade mineralisation to support the establishment of small scale production, and the results of initial metallurgical testwork conducted on surficial samples from three prospects at Sierra de las Minas, including El Abra, indicate that near surface gold bearing material from Sierra de las Minas can be processed by conventional methods to achieve high rates of gold recovery.

 

ECR is actively seeking a joint venture partner or purchaser for the Sierra de las Minas project and pending the outcome of this process, no major exploration programmes are presently being undertaken.Home \ Projects & Investments \ Mercator Gold Australia

 

Sierra de las Minas gold project area

Mercator Gold Australia

Mercator Gold Australia Pty Ltd (MGA), a wholly owned subsidiary of ECR incorporated in Australia, entered voluntary administration in late 2008 as a result of financial distress arising from difficulties encountered by gold mining operations at the Meekatharra gold project in Western Australia.

 

A sale of the Meekatharra gold project to Reed Resources Ltd was agreed by the administrators of MGA in January 2011.

 

For more information please click here

 

Paniai Gold

Proposed Alluvial Gold Mining Operations and Exciting Regional Exploration Possibilities 

in Papua Province, Indonesia

 

ECR has a substantial minority shareholding in Paniai Gold Ltd, a private Australian company founded as a vehicle for the Derewo River gold project in Papua Province, Indonesia.

 

In July 2011, Paniai sold its interest in the Derewo River project to West Wits Mining Ltd (ASX: WWI) for a package of ordinary shares, performance shares and options. Paniai retains the performance shares and options received from West Wits.

 

The Derewo River project consists of more than 128,000 hectares of mining and exploration tenements. The project was established as a joint venture between Paniai and a local party. Paniai’s 50% interest has been assumed by West Wits, which can increase its interest in exploration activities to 80%.

 

Paniai also holds an option over a 30% interest in the initial alluvial mining operation planned at the Derewo River project. The option is valid for 24 months from 4 February 2012 and is exercisable for consideration of AUD 2.5 million payable either in cash, in shares of West Wits, or in a combination of the two.

 

Large amounts of gold have been extracted at Derewo River in recent years by local miners using only primitive techniques. The objectives of the Derewo River project are to establish a more sophisticated alluvial gold mining operation and to explore a wider area for alluvial and hardrock deposits.

 

Indonesia’s Papua Province is arguably one of the world’s most prospective areas for mineral exploration, and the Derewo River project is located approximately 100km from the Grasberg copper-gold mine operated by Freeport McMoRan Copper & Gold.

 

 

THEMAC Resources Group - (TSX-V: MAC)

THEMAC Resources Group Ltd has 100% ownership of the Copper Flat project, a former producing mine with major civil infrastructure still in place located in New Mexico, USA some 150 miles south of Albuquerque. Copper Flat is a copper-molybdenum-gold-silver porphyry deposit with a higher grade breccia core.

 

In March 2011, THEMAC acquired ECR’s exclusive option over a 100% ownership interest in the Copper Flat project, leaving ECR with a holding of shares and warrants in THEMAC equal as at the beginning of 2013 to a shareholding of approximately 19% (approximately 21% fully diluted).

 

THEMAC completed an NI43-101 compliant prefeasibility study (PFS) for the project in 2012, and a definitive feasibility study (DFS) is underway and targeted for completion in 2013. Permitting for the return of the project to production is at an advanced stage.

 

For more information please click here

 

Management

Paul Johnson - Non-Executive Chairman

Mr Johnson has been an active investor for more than 20 years and is a co-founder of MiningMaven, an investor communications service focused on the natural resources sector. His previous roles have included Business Risk Consulting Group Manager for FM Global and Regional Director for Capita McLarens.

 

Mr Johnson is a Chartered Accountant (England & Wales, 1996), an Associate of the Chartered Institute of Loss Adjusters (2000) and of the Chartered Insurance Institute (2005) as well as a Member of the Business Continuity Institute (2007). He holds a BSc (Hons) in Management Science (1991) from UMIST School of Management, Manchester, UK.

 

Stephen Clayson - Executive Director and Chief Executive Officer

Stephen Clayson was appointed Chief Executive Officer of ECR in January 2013, and previously was extensively involved in the Company’s affairs for some two years prior to his appointment as Chief Financial Officer in September 2010. He has acquired substantial experience in the mineral exploration and development sector and in the operations of listed companies since 2006.

 

Richard Watts - Non-Executive Technical Director

Richard (Dick) Watts is currently a Principal Mining Consultant for Turgis Consulting and was formerly also a Principal Mining Consultant for SRK UK. In addition, Mr Watts has held a variety of senior operational roles on gold, copper and coal mines in Africa (South Africa and Zambia), Russia and Central Asia (Kazakhstan and Uzbekistan).

 

Specifically these roles have included Chief Operating Officer of Trans-Siberian Gold with responsibility for the development of a remote underground gold project in far eastern Russia; General Director of the Amantaytau Goldfields project in Uzbekistan for Oxus Gold during the feasibility, construction, commissioning and initial production stages; and General Manager of several South African coal mines for Anglo American.

 

Mr Watts is a fellow of the South African Institute of Mining & Metallurgy and holds a B.Eng (Mining) from the University of Sheffield along with a Mine Manager's Certificate (South Africa) and a First Class Certificate of Competency (UK mine manager's qualification).

Major Shareholders

 

Number of shares in issue: 1,722,759,751 (as at 31 May 2013)

 

Number of shares not in public hands: 56,932,700 shares: 3.31%

 

The information on this page was updated on 11 June 2013

  • Additional Information
    Market
    AIM
    EPIC
    ECR
    Share Price
    0.22p
    Change
    -0.01
    Volume
    14,934,648
    Dividend
    0
    EPS
    -0.48
    Shares
    3,259.13 m
    Offer
    0.23
    Bid
    0.21
    Avg. Vol
    2,714,228
    Yield
    0.00
    P/E
    -0.39
    Mkt Cap
    £7.17 m
  • Latest Stocktube
    12/12/2013

    ECR Minerals targets Itogon drill programme in Q1 2014

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  • Contact Information

    ECR Minerals plc

    2nd Floor,

    Peek House,

    20 Eastcheap,

    London

    EC3M 1EB,

    United Kingdom

    Tel: +44 (0)20 7929 1010

    Fax: +44 (0)20 7929 1015

    Corporate Information

    Nominated Adviser

    Daniel Stewart & Company plc 

    Becket House

    36 Old Jewry

    London EC2R 8DD

    www.danielstewart.co.uk

     

    Principal Bankers

    Barclays Bank plc 

    Town Gate House

    Church Street East 

    Woking

    Surrey GU21 6XW

    www.barclays.com

     

    Brokers

    Daniel Stewart & Company plc 

    Becket House

    36 Old Jewry

    London EC2R 8DD 

    www.danielstewart.co.uk

     

    Company Secretary

    Oakwood Corporate Secretary Ltd

    Webber House

    26-28 Market Street 

    Altrincham

    Cheshire WA14 1PF

    www.oakwood-corporate.com

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