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#ECR Minerals – Collaboration Agreement with James Cook University on Rare Earth Elements at the Lolworth Project
ECR Minerals PLC (AIM: ECR), the gold exploration and development company focused on Australia, is pleased to announce that it has entered into a collaboration agreement with James Cook University (“JCU”) in Queensland, a leading institution in science and engineering research, to further explore the potential for rare earth elements (“REE”) within the Company’s Lolworth Project area in Queensland (the “Lolworth Project”).
Following approval of funding for the project by the Trailblazer Steering Committee, the collaboration will see JCU recruit post-doctoral researchers and PhD students to form a dedicated team. This dedicated team will focus on analysing and interpreting the mineral data from the Lolworth Project area to enhance the understanding of its REE potential.
Under the terms of the collaboration agreement, all data generated through this collaboration will be shared with ECR, further strengthening the Company’s technical insights into the region. While ECR is pleased to support JCU in this important research initiative, the pace of the Company’s broader technical development across the wider Lolworth Project area will continue to be driven by its own technical team and exploration priorities.
James Cook University is a public university in North Queensland, Australia. The second oldest university in Queensland, JCU is a teaching and research institution with its main campuses located in Cairns and Townsville, and one in Singapore. JCU is ranked in the world’s top 300 universities by the Times Higher Education World University Rankings 2022 and also has study centres in Mount Isa, Mackay, Thursday Island and Rockhampton.
Mike Whitlow, ECR’s Managing Director, said: “We are thrilled to see further validation of our projects in Queensland, in particular the Lolworth Project, through this exciting collaboration with James Cook University. This partnership, which is fully funded by JCU, not only underscores the growing interest in the Lolworth Project region, but also expands our technical understanding of a fast-emerging area of interest. Combined with our existing collaboration with the Geological Survey of Queensland, this initiative places ECR in a stronger position to potentially unlock the Lolworth Project’s REE potential and create significant shareholder value.”
FOR FURTHER INFORMATION, PLEASE CONTACT:
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ECR Minerals Plc |
Tel: +44 (0) 1738 317 693 |
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Nick Tulloch, Chairman Andrew Scott, Director |
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Email: info@ecrminerals.com |
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Website: www.ecrminerals.com |
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Allenby Capital Limited |
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Tel: +44 (0) 3328 5656 |
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Nominated Adviser Nick Naylor / Alex Brearley / Vivek Bhardwaj |
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Axis Capital Markets Limited |
Tel: +44 (0) 203 026 0320 |
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Broker |
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Ben Tadd / Lewis Jones |
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SI Capital Ltd |
Tel: +44 (0) 1483 413500 |
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Broker |
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Nick Emerson
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Brand Communications |
Tel: +44 (0) 7976 431608 |
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Public & Investor Relations |
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Alan Green |
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ABOUT ECR MINERALS PLC
ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, has six licence applications outstanding which includes one licence application lodged in eastern Victoria (Tambo gold project).
ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”) which has three approved exploration permits covering 946 km2 over a relatively unexplored area in Lolworth Range, Queensland, Australia. The Company has also submitted a license application at Kondaparinga which is approximately 120km2 in area and located within the Hodgkinson Gold Province, 80km NW of Mareeba, North Queensland.
Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), MGA has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.
MGA also has approximately A$75 million of unutilised tax losses incurred during previous operations.
ECR Minerals #ECR – Nick Tulloch and Andrew Scott discuss this morning’s fundraise and today’s developments re tax losses
ECR Minerals #ECR 30 second summary of company assets by Chairman Nick Tulloch
ECR Minerals #ECR 30 second summary of company assets by Chairman Nick Tulloch
ECR Minerals #ECR – Chairman Nick Tulloch & MD Mike Whitlow talk to Alan Green
ECR Minerals Plc (AIM: ECR) ECR Chairman Nick Tulloch & MD Mike Whitlow talk to Alan Green
✅ Three parties immediately interested in A$75m tax losses.
✅ Lolworth progress, and Geological Survey of Queensland collaboration
✅ Mike Parker appointment
✅ Blue Mountain ‘off the scale’ test results from Gekko Systems and next steps
✅ Funding and assets, Tambo drill programme and near term developments
✅ Response to bulletin board comments
ECR Minerals #ECR – COO Mike Whitlow discusses the work at Blue Mountain, and provides a general operational update
ECR Minerals #ECR COO Mike Whitlow discusses the work at Blue Mountain, and provides a general operational update with Alan Green. Mike provides an update on work undertaken so far in 2024, before we discuss the trenching work at Blue Mountain, the relationship with the landowner, the gold resource identified by previous owners BlueKebble. We then look at the next steps at Blue Mountain, before Mike provides an update on the financial position, company assets and potential tax credits.
ECR Minerals #ECR – Interview with Chief Geologist Adam Jones
ECR Minerals’ (LON: ECR) chief geologist Adam Jones gives an update following release of the final bulk sampling results from the company’s reverse circulation drilling programme at the Kuboid Hill site in Creswick earlier this year. Bulk sampling of drilled material highlighted high-grade pockets of gold within the broader scale mineralisation footprint. Jones also looks ahead to forthcoming plans in Queensland.
ECR Minerals #ECR – Stockbox Media interview with MD Nick Tulloch
Stockbox interview with ECR Minerals #ECR MD Nick Tulloch. Alan Green and Nick discuss the show, the events of the past few months and the upcoming drilling campaign at Creswick. Click on the image to watch.
ECR Minerals #ECR Queensland Progress – Andrew Scott talks to Andrew Haythorpe and Adam Jones
ECR Minerals #ECR Queensland Progress – Andrew Scott talks to Andrew Haythorpe and Adam Jones. Having finished an intensive week at the Hurricane project, Adam is back at the Lolworth project seeking drill targets. Gold remains the key focus and with stream sediment data scheduled for release, the team are aiming to establish 4 main prospects for drill targets. Reflecting on the work at Hurricane, with 249 samples collected, the first two batches are processing right now. The focus is antimony, and once the samples return the team will evaluate vein size, best drill sites and the best access points. Andrew also touches on the Blue Mountain project, which is similar to Lolworth with visible gold shedding in the drainage systems, but no work has been done there yet. Andrew then puts his analyst hat on and discusses the massive disconnect between valuations and markets. Historically, equities trade at prices greater than spot gold, and despite high inflation and interest rates, with stocks as low as they are, Andrew believes we are seeing a repetition cycle similar to the lows for resource stocks in the late 1980s and 1990’s, there is an opportunity to get underpriced gold stocks into your portfolio with a 2-5 year view.
ECR Minerals #ECR – Adam Jones discusses the latest developments at Lolworth, Hurricane and Creswick
In the latest interview, Technical Director Adam Jones discusses the Lolworth niobium / tantalum announcement, the samples from the soil grid covering the main drainage channel and why the pXRF gun has proved so effective in identifying minerals like niobium. Adam explains how team originally went to Lolworth for gold, but they quickly realised the area’s potential for niobium, tantalum and rare earths and that the geology is very suited to hosting critical minerals. With 140+ rock chips collected, ECR expects a 2-3 week turnaround, but that the sheer size and scale of the area will require further rock chip collections and further refining of the best anomalous target areas.
Adam then moves to the Hurricane project, and his plans to return in August to determine access points and undertake further field work to collect rock chips. Finally Adam talks through yesterday’s Creswick announcement, and the company’s commitments to keep the ground work ticking along and further define ore shoots.
The interview finishes with Adam highlighting the expected news flow for the coming months, and explaining why the Queensland projects are lower risk and represent a bigger bang for the buck.
ECR Minerals #ECR – Hurricane Force
Andrew Scott talks to ECR Minerals Technical Director Adam Jones about the recently completed LIDAR survey at the Hurricane Project. Adam explains the LIDAR technology and its accuracy, and describes the results and elevations identified alongside the existing outcrops on a NW strike trend. Adam discusses the primary prospects Tornado, Cyclone and Holmes – Tornado is at least 200m long, averaging 3m wide and up to 20m wide in parts, with the best historical rock chips registering 17 g/t Au. ECR are waiting for indigenous approval to send a bulldozer out to fix the access track. Adam adds to CEO Andrew Haythorpe’s previous appraisal that Hurricane is a later stage project, and he believes the simplified geology will enable the company to get in, drill out and establish a mineral resource estimate in fairly short order.
Adam also touches on the Lolworth soil samples results. WIth 200 stream seds and approx 130 rock chips taken, the labs have been instructed to test for gold results first, then niobium, tantalum and rare earths. A steady flow of news is expected over the next 3 months.