ECR Minerals PLC (LON:ECR)

ECR is a mineral exploration and development company, incorporated in the UK.

ECR’s wholly owned Australian subsidiary Mercator Gold Australia (MGA) has agreed to acquire 100% ownership of the Avoca and Bailieston gold projects in Victoria, Australia. Mercator Gold Australia is estimated to have tax losses of approximately AUD 66M as at 30 June 2015, which may be available, subject to certain conditions (as described in ECR’s announcement dated 4 December 2014), to reduce MGA’s future taxable profits. This is considered particularly significant in view of an opportunity which may exist at Avoca to establish relatively near term gold production from the reprocessing of historical mine dumps, with the potential for sale of gravel and sand by-products.

ECR has the right to earn a 50% interest in the Danglay epithermal gold project in the Philippines. Danglay is an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015, and is available for download from ECR’s website.

ECR’s wholly owned subsidiary Ochre Mining has a 100% interest in the SLM gold project in La Rioja Province, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near term production.

ECR shares are listed on the AIM market of the London Stock Exchange with the symbol ECR.

SLM Gold Project, Argentina
The following information pertaining to the SLM gold project should be read in conjunction with the relevant ECR regulatory announcements.

Exploration at the SLM project during 2015 focused on the Maestro Agüero prospect and included a bulk sampling programme, which returned lower grades than had been hoped for, but did demonstrate good recoveries from cyanidation of the surficial mineralisation sampled. No further exploration is planned for the SLM project in the immediate future.The SLM gold project in La Rioja Province, Argentina, of which ECR has 100% ownership via Ochre Mining SA (“Ochre”), comprises three prospects: El Abra, JV and Maestro Agüero - cliick here to read more.

Danglay Gold Project, Philippines
Exploration by ECR at the Danglay gold project in the Baguio District, Philippines during 2015 enabled a resource estimate and target for further exploration to be disclosed in accordance with Canadian NI43-101, leading to the publication of an NI43-101 technical report (the “Report”) regarding the project in December 2015. The Report confirms that Danglay has robust exploration potential for both oxide and primary intermediate sulphidation epithermal gold mineralisation.

The following information pertaining to the Danglay gold project should be read in conjunction with the Report and relevant ECR regulatory announcements. Click here to read further.

Mercator Gold Australia (MGA)
ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has entered into a deed of assignment and assumption (the “Deed”) with Currawong Resources Pty Ltd (“Currawong”) for the acquisition by MGA of 100% ownership of the Avoca and Bailieston gold projects (the “Projects”) located in Victoria, Australia.

The following information pertaining to MGA and the Projects should be read in conjunction with the relevant ECR regulatory announcements. Click here to read further.

Directors & Management

Weili (David) Tang
Non-Executive Chairman

David Tang was previously the President of China Nonferrous Metals Int’l Mining Co., Ltd. (CNMIM) and the Managing Director of China Nonferrous Gold Ltd, an AIM-listed company which was formerly known as Kryso Resources plc. China Nonferrous Gold is focused on the Pakrut gold mine in Tajikistan, where first gold was poured in 2015.

Mr Tang graduated with a Bachelor of Science degree (1988) majoring in computer science from Central-South University, China and also holds a Master of Science degree (1991). In the 1990s, he pioneered the trading system for the first nonferrous metals futures exchange in China. He worked for several years in Canada in investment management and consulting, before returning to China to take up office at CNMIM in 2003.

Craig Brown
Director and Chief Executive Officer

Appointed as Finance Director in May 2016. Founding shareholder of Kryso Resources plc, now known as China Nonferrous Gold Ltd. Acted as Finance Director and Company Secretary of Kryso before becoming Managing Director in 2010 and stepping down from the board in September 2013. During this period, Kryso/CNG delineated a 5 million ounce JORC Mineral Resource at the Pakrut gold project in Tajikistan, completed a bankable feasibility study for the project, obtained debt and equity finance for mine development, and commenced construction of the mine and infrastructure. Prior to his roles with Kryso/CNG, Craig held positions with Gulf International Minerals Ltd and Nelson Gold Ltd, both of which also successfully put gold mines into production during his tenure.

Christian Dennis
Non-Executive Director

Christian Dennis is a highly experienced stockbroker and is currently the CEO and a major shareholder of Optiva Securities Ltd (“Optiva”), a member of the London Stock Exchange. Mr Dennis holds a BSc. (Hons) from the University of Birmingham, is an associate member of the Chartered Institute for Securities & Investment (CISI), and is an FCA approved person. During his career Christian has worked for a number of major investment firms both in London and New York. He has been involved with advising and arranging funding for a large number of mining companies across a wide range of commodities, working with companies at varying stages of development from seed funding through to IPO, and has assisted in bringing a number of those companies along the value curve from project development through to production.

ECR Minerals plc
Unit 117 Chester House
81-83 Fulham High Street
Fulham Green
SW6 3JA, London
Tel: +44 (0)20 7929 1010
Fax: +44 (0)20 7929 1015

Public Relations
Flowcomms Limited
2 Mill Street
Mayfair, London, W1S 2AT

Principal Bankers
Barclays Bank plc
Ranger House
Walnut Tree Close
Guildford
Surrey GU1 4UL
www.barclays.com

Registrar
Computershare Investor Services plc
The Pavilions
Bridgwater Road
Bristol
BS13 8AE
www.computershare.com

Auditor
PKF Littlejohn LLP
1 Westferry Circus
Canary Wharf
London E14 4HD
www.pkf-littlejohn.com

Solicitors to the Company
Charles Russell Speechlys LLP
5 Fleet Place
London
EC4M 7RD
www.charlesrussellspeechlys.com