Proactive Investors - Run By Investors For Investors

ECR Minerals says option period for due diligence on Iceberg project extended

ECR Minerals has appointed CSA Global, Mining Industry Consultants to conduct a review of the project and its underlying documentation
gold
ECR said the extension comes at no additional cost

ECR Minerals PLC (LON:ECR) said the option period for due diligence work on the Iceberg gold project in Western Australia has been extended to allow for a thorough review of historical data supplied by the vendors.

The original agreement provided a 60-day option period during which due diligence could be carried out. This has been extended by 30 days under an agreement with the vendors Pacific Trends Resources Pty Limited.

READ: ECR Minerals restarts gold exploration in Australia

ECR said the extension comes at no additional cost and would allow it more time to go over the substantial historical project data that has been provided by the vendors.

It has appointed CSA Global, Mining Industry Consultants, to conduct a review of the project and its underlying documentation.

The company expects due diligence work will be completed in the coming weeks.

View full ECR profile View Profile

ECR Minerals PLC Timeline

Related Articles

Shanta Gold
December 05 2018
Shanta expects production to top 100,000 ounces of gold a year once its Singida project in Tanzania comes on stream in 2020
1517846055_Cradle-Mine.jpg
September 17 2018
Cradle Arc is ramping up copper production at its Mowana project, and further expansion is on the cards
1511784968_shutterstock_249210421-(1).jpg
June 21 2018
The company's key operations are located in South Africa, Ghana and Kenya.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use