ECR Minerals has added three exploration licences in the Lolworth Region, North Queensland to its portfolio.
LUX, a subsidiary of ECR focused on the North Queensland region, was awarded the acreage, which comprises 964 sq km in total.
Historical stream sediment sampling indicates that the Lolworth Range is prospective for gold, tungsten and tin, ECR added.
LUX has a commitment expenditure of AUD$650,000 for the first three years across the three licence areas, which is expected to be funded from ECR’s existing cash resources.
The tenements will expire in 5 years but be available for renewal subsequently.
David Tang, ECR's chairman, said: “I am delighted to announce that the Lolworth Range license applications have been granted.
“I look forward to deploying our team for a reconnaissance survey in the Lolworth Range region this year, and reporting progress back to our shareholders.”