REG - ECR Minerals PLC - Retirement of Non-Executive Director

ECR MineralsAnnouncement

16/12/2024 07:00

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RNS Number : 1177Q  ECR Minerals PLC  16 December 2024

ECR MINERALS PLC

 

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

 

Retirement of Non-Executive Director

 

ECR Minerals plc (LON: ECR), the exploration and development company focused
on gold in Australia, announces that Trevor Davenport has informed the Board
of his intention to retire from his role as Non-Executive Director at the end
of this year.

 

Trevor joined the Board over three years ago and has played an invaluable role
in guiding the Company through a period of significant changes. His insight
and expertise have been instrumental in supporting ECR's strategic direction
during this time.

 

The Board wishes to express its sincere gratitude to Trevor for his dedication
and the valuable contributions he has made. While he steps back from his
formal role, ECR looks forward to maintaining a consultancy relationship with
him in the future, particularly drawing on his deep technical expertise.

 

The Board believes that it would benefit from the appointment of a replacement
Non-Executive Director and is considering options in relation to this.

 

Nick Tulloch, ECR's Chairman said: ''Trevor has been an integral part of our
Board, bringing wisdom, expertise and unwavering commitment. His contributions
over the past three years have helped guide the Company through some
challenging times and position us well for future success. We are immensely
grateful for his service and dedication, and while he will be missed on the
Board, we look forward to continuing to benefit from his technical expertise
in the future."

 

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)

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

 Nick Naylor / Alex Brearley / Vivek Bhardwaj

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

 SI Capital Ltd                                                                                                                                                                                                                                                       Tel: +44 (0) 1483 413500
 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. 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 km(2) over a
relatively unexplored area in Lolworth Range, Queensland, Australia. The
Company has also submitted a license 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), 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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