REG-ECR Minerals plc Further re Andrew Haythorpe appointed as CEO
11/04/2022 07:15
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Further re Andrew Haythorpe appointed as CEO
ECR MINERALS plc
(“ECR Minerals”, “ECR” or the “Company”)
Appointment of CEO
ECR Minerals plc (LON: ECR), the gold exploration and development company
focused on Australia, is pleased to announce the appointment of Andrew
Haythorpe as CEO of the Company. Andrew will join ECR as a non-board CEO prior
to assuming the role of executive director, subject to approval, in six
months’ time.
Andrew has more than 30 years of experience managing listed gold miners and
explorers on the ASX and TSX as well as working as a mining analyst and
actively exploring for gold as a geologist.
He has significant experience as a board member on numerous listed mining
companies including as Managing Director of Crescent Gold Limited. The TSX and
ASX-listed company started with a market capitalisation of $8 million and,
under his leadership, reached $250 million within four years. He was also
Managing Director of top performing ASX-listed gold producer Michelago
Resources.
As an analyst, Andrew was considered a global leader in the Industrial
Minerals sector and rated 12(th) best gold analyst at Hartley Poynton Ltd.
Andrew is currently the Managing Director of GoldOz Limited, a gold company
seeking to relist on the ASX. A full list of his current
directorships/partnerships together with those held within the last five years
is set out below.
David Tang, Chairman commented: “I am delighted ECR has attracted a CEO of
Andrew’s calibre. With more than 30 years of experience as a managing
director and chairman of junior and mid-tier gold explorers and producers,
he’ll be an exceptional addition to our team. Andrew built Crescent Gold
from an $8 million explorer into a $250 million gold producer. He clearly sees
the potential within the ECR portfolio.’’
Adam Jones, Non-Executive Director commented: ‘’I’m thrilled to welcome
Andrew, a fellow geologist, to ECR. Being based initially in Australia he’ll
be working closely with me and the field team in Victoria and Queensland, to
ensure the exciting developments we are working on are progressed as quickly
as possible. We look forward to providing more updates in due course.”
Additional Disclosures
The following information is disclosed pursuant to Schedule Two paragraph (g)
of the AIM Rules for Companies:
Andrew John Haythorpe (aged 57) has three past directorships or partnerships
in the past five years being Accelerate Resources Limited; Petratherm Limited
and XS Resources PTY LTD.
He also has thirteen current directorships being, Gold Oz Limited; Allup
Silica Limited; Stunalara Metals Limited; Stunalara (Operations) PTY LTD;
Tempest Minerals Limited; Thort PTY LTD; Warrigal Mining PTY LTD; Magmetal
Tech PTY LTD; Witchimag PTY LTD; Eveos PTY LTD; Mustang Incentive PTY LTD;
Tesha PTY LTD and Ouro PTY LTD.
There is no further information regarding Mr Haythorpe required to be
disclosed pursuant to AIM Rule 17 and Schedule Two (g) of the AIM Rules for
Companies and Mr Haythorpe holds no shares or options in the Company.
MARKET ABUSE REGULATIONS (EU) No. 596/2014
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 (MAR). Upon the publication of this announcement via
Regulatory Information Service (RIS), this inside information is now
considered to be in the public domain.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ECR Minerals plc Tel: +44 (0) 20 7929 1010
David Tang, Non-Executive Chairman
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=52674555&newsitemid=20220410005045&lan=en-US&anchor=www.ecrminerals.com&index=1&md5=97a7d815b0d80d939806badb7dac97f0)
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
Blytheweigh 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=52674555&newsitemid=20220410005045&lan=en-US&anchor=https%3A%2F%2Fmercatorgold.com.au%2F&index=2&md5=4d9a0fa1a9dd06dc2244dc511d1d5efc)
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=52674555&newsitemid=20220410005045&lan=en-US&anchor=https%3A%2F%2Fluxexploration.com%2F&index=3&md5=3b03b5642b6938532dbb1c83c669b337)
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 25% 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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