REG-ECR Minerals plc Bendigo Property Sale Proceeds of A$950,000 Now Received

ECR MineralsAnnouncement

26/08/2022 14:00

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Bendigo Property Sale Proceeds of A$950,000 Now Received

 

ECR MINERALS plc

(“ECR Minerals”, “ECR” or the “Company”)

Bendigo Property Sale Proceeds of A$950,000 Now Received

ECR Minerals plc (LON: ECR), the gold exploration and development company
focused on Australia, is pleased to announce that, further to the announcement
of 29 July 2022, it has now received the A$950,000 sale proceeds from the
property at 177 Bassett Road, Sebastian.

ECR’s 100% owned Australian subsidiary Mercator Gold Holdings Pty Ltd
(“MGA”) will continue to have use of the property until 1 January 2023 for
a nominal sum.

CEO Andrew Haythorpe commented: “I am pleased to announce that funds in
respect of the Bassett Road sale have now been received into the ECR bank
account. In the meantime, I look forward to reporting back to you on the Blue
Moon drilling campaign, which starts in early September 2022, and on any
developments from North Queensland as our team get onto the ground at Lolworth
Range.”

FOR FURTHER INFORMATION, PLEASE CONTACT:
 ECR Minerals plc                                                                                                                                                                                                                                        Tel: +44 (0) 20 7929 1010  
 David Tang, Non-Executive Chairman                                                                                                                                                                                                                                                 
 
                                                                                                                                                                                                                                                                                  
 Andrew Haythorpe, CEO                                                                                                                                                                                                                                                              
 Email: info@ecrminerals.com (mailto:info@ecrminerals.com)                                                                                                                                                                                                                          
 Website: www.ecrminerals.com                                                                                                                                                                                                                                                       
 (https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ecrminerals.com%2F&esheet=52831257&newsitemid=20220826005252&lan=en-US&anchor=www.ecrminerals.com&index=1&md5=da8e5119494c1791c1138fa68f493962)                                                              
                                                                                                                                                                                                                                                                                    
 WH Ireland Ltd                                                                                                                                                                                                                                          Tel: +44 (0) 207 220 1666  
 Nominated Adviser                                                                                                                                                                                                                                                                  
 Katy Mitchell / Andrew de Andrade                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                                                    
 SI Capital Ltd                                                                                                                                                                                                                                          Tel: +44 (0) 1483 413500   
 Broker                                                                                                                                                                                                                                                                             
 Nick Emerson                                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                                                    
 Novum Securities Limited                                                                                                                                                                                                                                Tel: +44 (0) 20 7399 9425  
 Broker                                                                                                                                                                                                                                                                             
 Jon Belliss                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                    
 BlytheRay                                                                                                                                                                                                                                               Tel: +44 (0) 207 138 3204  
 Public Relations                                                                                                                                                                                                                                                                   
 Tim Blythe                                                                                                                                                                                                                                                                         


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 eight licence applications outstanding including two
licence applications lodged in eastern Victoria. (Tambo gold project). MGA is
currently drilling at both the Bailieston (EL5433) and Creswick (EL6148)
projects and has an experienced exploration team with significant local
knowledge in the Victoria Goldfields and wider region.
https://mercatorgold.com.au/
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fmercatorgold.com.au%2F&esheet=52831257&newsitemid=20220826005252&lan=en-US&anchor=https%3A%2F%2Fmercatorgold.com.au%2F&index=2&md5=15b539cccd30668b5b65305e40de0e66)

ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd
(“LUX”) which has three licence applications covering 900 km2 covering a
relatively unexplored area in Queensland, Australia.
https://luxexploration.com/
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fluxexploration.com%2F&esheet=52831257&newsitemid=20220826005252&lan=en-US&anchor=https%3A%2F%2Fluxexploration.com%2F&index=3&md5=e2ef0fe039cdf71545078bbaa0448db1)

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), Mercator Gold Australia Pty Limited 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.

ECR holds a 70% interest in the Danglay gold project; an advanced exploration
project located in a prolific gold and copper mining district in the north of
the Philippines, which has a 43-101 compliant resource. ECR also holds a
royalty on the SLM gold project in La Rioja Province, Argentina and can
potentially receive up to US$2.7 million in aggregate across all licences.



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ECR Minerals plc


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