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AIM:ECR

ECR Minerals PLC

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Market:
AIM
Market Cap:
£7.7 m
Price
1.39 GBX
Change
11.52%
52 weeks high
1.49
52 weeks low
0.43

ECR Minerals plc (the “Company”) is a mineral exploration and development company incorporated in England & Wales. Exploration for gold in Australia is ECR’s current focus. For the latest updates, please see the Company's regulatory announcements.

ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd ("MGA") has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration projects in Central Victoria, Australia. A map of the Victorian licences can be viewed here.

In late 2018, MGA moved into another world-class Australian gold province, the Yilgarn in Western Australia, by applying for nine licences hosting untested gravity-magnetic anomalies representative of potential greenstone-hosted gold trends.  This 1600sqkm package is referred to as the Windidda project.

MGA has accumulated tax losses estimated to total approximately AUD 66 million from its past trading, and these tax losses are expected to be available for offset against any taxable profits made in future.

ECR has earned a 25% interest in the Danglay epithermal gold project, 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.

ECR’s wholly owned Argentine subsidiary Ochre Mining has 100% ownership of the SLM gold project in La Rioja, 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.

London, United Kingdom.

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 has previously served as a director to several companies involved in mining or exploration in Africa, South-east Asia and Australia.

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.

Mr Brown has worked for 24 years in the mining industry and held positions with Gulf International Minerals Ltd and Nelson Gold Ltd, both of which successfully put gold mines into production during his tenure.

 

Sam Garrett
Non-Executive Director

Mr Garrett holds a Bachelor of Science degree with First Class Honours in Geology and a Master of Economic Geology degree, both from the University of Tasmania. He also holds a Master of Applied Finance degree from Macquarie University in Australia.

Mr Garrett has 30 years of exploration management, project assessment and operational experience working for large multi-national and junior mining and exploration companies in ten countries including Australia, Argentina and the Philippines.

ECR Minerals plc

Address

Unit 117 Chester House
81-83 Fulham High Street
Fulham Green
SW6 3JA, London 

Telephone

+44 (0)20 7929 1010

Fax

+44 (0)20 7929 1015

Nominated Adviser

WH Ireland Ltd
24 Martin Lane
London
EC4R 0DR
www.whirelandplc.com

Broker

SI Capital Ltd 
46 Bridge Street
Godalming, Surrey GU7 1HL
www.sicapital.co.uk

Principal Bankers

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

Registrar

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

Auditors

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

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