REG - ECR Minerals PLC - Collaboration with JCU on REEs at Lolworth

ECR MineralsAnnouncement

29/11/2024 07:00

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RNS Number : 1014O  ECR Minerals PLC  29 November 2024

29 November 2024

 

ECR MINERALS PLC

 

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

 

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 (https://en.wikipedia.org/wiki/Mount_Isa) , Mackay
(https://en.wikipedia.org/wiki/Mackay,_Queensland) , 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:

 

 ECR Minerals Plc                                                                                                                                                                                                                                                     Tel: +44 (0) 1738 317 693
 Nick Tulloch, Chairman

 Andrew Scott, Director

 Email:

 info@ecrminerals.com
 Website: www.ecrminerals.com
 (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ecrminerals.com%2F&esheet=51817334&newsitemid=20180605005810&lan=en-US&anchor=www.ecrminerals.com&index=1&md5=820ad49dc1fc2c84a0538453c017bc1b)

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 Public & Investor Relations
 Alan Green

 

 

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.

 

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