REG - ECR Minerals PLC - Award of Tambo South tenement

ECR MineralsAnnouncement

02/03/2026 07:00

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RNS Number : 8836U  ECR Minerals PLC  02 March 2026

 

 

2 March 2026

 

ECR MINERALS PLC

 

("ECR Minerals", "ECR" or the "Company")

 

Award of Tambo South tenement

 

ECR Minerals plc (AIM: ECR), the gold exploration and development company
focused on Australia, is pleased to announce that it has been awarded
Exploration Licence EL007486 ("EL007486" or the "Tambo South Licence") in
Victoria, a tenement located directly to the South of its Tambo project.

 

Highlights

·    New licence considerably extends the Tambo project area with the two
tenements covering a contiguous strike of 47km

·    Gold, tungsten and copper have all been historically reported in the
Tambo South Licence area

·    Neighbouring Haunted Stream Goldfield has recorded encouraging
drilling results on a shear zone that is believed to pass into the Tambo South
Licence area

·    Under explored alluvial prospects tie into ECR's growing expertise
from its Queensland projects

 

EL007486, which has been granted for an initial 5-year term, covers an area of
322 km(2). The majority of the title encompasses Crown Land and ECR has also
signed a standard Native Title Agreement with the Gunai-Kaurnai People.

 

The Tambo South Licence is situated approximately 35km NE of the township of
Bairnsdale in the eastern part of Victoria, Australia, also known as
'Gippsland'. Minerals historically reported to be contained within EL007486
include gold, tungsten and copper. This new title abuts ECR's existing Tambo
licence (EL007484) and importantly both tenements cover a contiguous strike of
47km.

 

Figure 1 illustrates the regional shear zones which are thought to pass
through both titles EL007484 and EL007486.

 

Initial analysis by ECR has identified the following areas of interest:

 

1.    Haunted Stream Fault: Hosts the historic Haunted Stream Goldfield
which lies outside the western boundary of the new title EL007486. Drilling at
this Goldfield was undertaken by First Au Ltd (ASX: FAU) with intercepts
including 0.2m @ 36.88 g/t Au and 10.7m @ 3.05 g/t Au.  The ECR board
believes that this same shear zone passes into EL007486.

 

2.    Tambo Crossing: Historical reporting of the mining of Wolframite
(Fe-Mn Tungsten) in numerous shallow small pits within the EL007486 tenement.

 

3.    Mt Elizabeth: Mt Elizabeth is an acid intrusive geology. Previous
explorers in the 1970s and 1980s, including Freeport and CRA, identified the
outer contact of this intrusive to be anomalous in base metals (primarily
copper).

 

4.    Shady Creek: The south western region of the new EL007486 title has
recorded previous alluvial gold workings. This area has seen little attention
in the way of targeted modern exploration.

 

5.    Peters Creek: This area south of Mt Elizabeth in the new EL007486
title and on the postulated strike of the Haunted Stream Fault has notable
alluvial and sulphide rich gold deposits.

 

Planned Exploration

 

The first phase of exploration is planned to include grassroots stream
sampling, rock chip sampling and LIDAR (Light Detection and Ranging)
acquisition. The Company's focus will be within areas on the projected shear
zones. The ECR board is currently determining the best way to include EL007486
into its existing work programme, where the key priorities remain Raglan, Blue
Mountain and Lolworth.

 

Figure 1

 

ECR's Chairman, Nick Tulloch, commented: "We are pleased to confirm the
extension of our Tambo project area with the award of this new tenement - an
application that we had been seeking for some time in conjunction with our
project planning for this region.

 

"EL007486, or Tambo South, is considered to host multiple opportunities and
increasing activity within the Gippsland area supports our thesis that our new
tenement can expand ECR's operations, including potentially through a largely
under-explored alluvial opportunity.

 

"Across our other projects, I am pleased to report continuing operations at
Raglan in Queensland alongside further planning for forthcoming activities at
Blue Mountain and Lolworth.  We also expect to publish our annual report
later this week which will include a more detailed review of our strategy."

 

Review of Announcement by Qualified Person

 

This announcement has been reviewed by Adam Jones, Chief Geologist at ECR
Minerals Plc. Adam Jones is a professional geologist and is a Member of the
Australian Institute of Geoscientists (MAIG). He is a qualified person as that
term is defined by the AIM Note for Mining, Oil and Gas Companies.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

 ECR Minerals plc                                                   Tel: +44 (0) 20 8080 8176
 Nick Tulloch, Chairman                                             info@ecrminerals.com (mailto:info@ecrminerals.com)

 Andrew Scott, Director

 Website: www.ecrminerals.com (http://www.ecrminerals.com)

 Allenby Capital Limited                                            Tel: +44 (0) 3328 5656
 Nominated Adviser and Joint Broker                                 info@allenbycapital.com (mailto:info@allenbycapital.com)

 Alex Brearley / Nick Naylor / Vivek Bhardwaj (Corporate Finance)

 Kelly Gardiner (Sales and Corporate Broking)
                                                                    Tel: +44 (0) 3328 5656

 OAK Securities

 Joint Broker

 Jerry Keen / Robert Bell

 Axis Capital Markets Limited                                       Tel: +44 (0) 203 026 0320
 Joint Broker
 Lewis Jones

 SI Capital Ltd                                                     Tel: +44 (0) 1483 413500
 Joint Broker
 Nick Emerson

 Brand Communications                                               Tel: +44 (0) 7976 431608
 Public & Investor Relations
 Alan Green

 

ABOUT ECR MINERALS PLC

 

ECR Minerals is a mineral exploration and development company operating
through three wholly owned Australian subsidiaries ECR Minerals (Australia)
Pty Ltd ("ECR Australia"), ECR Minerals (Queensland) Pty Ltd ("ECR
Queensland") and ECR Minerals (Raglan) Pty Ltd ("ECR Raglan").

 

ECR Australia owns the Bailieston and Creswick gold projects in central
Victoria, Australia as well as the Tambo gold project in eastern Victoria.

 

Raglan Resources has a mining lease at the Raglan alluvial gold project in
central Queensland, Australia and ECR Queensland has two approved exploration
permits over the nearby Blue Mountain alluvial gold project.  ECR is
currently working to bring both projects into production.  ECR Queensland
also has three approved exploration permits covering 946 km(2) over a
relatively unexplored area in Lolworth Range in northern Queensland.
Furthermore, it has also submitted a licence application at Kondaparinga which
is approximately 120km(2) 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), ECR Australia has the right to receive up to A$2 million in
payments subject to future resource estimation or production from these
projects.

 

ECR Australia also has approximately A$76 million of unutilised tax losses
incurred during previous operations.

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