ECR Minerals plc is a mineral exploration and development company focused on gold projects in Australia
ECR Minerals plc (the “Company”) is a mineral exploration and development company incorporated in England & Wales. Exploration for gold in Australia is ECR’s current focus. For the latest updates, please see the Company's regulatory announcements.
ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd ("MGA") has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration projects in Central Victoria, Australia. A map of the Victorian licences can be viewed here.
MGA holds four exploration licences in the north-eastern Yilgarn region of Western Australia. These licences form part of the Windidda project, which is considered to be potentially prospective for komatiite hosted Ni-Cu-PGE as well as orogenic gold.
MGA has accumulated tax losses estimated to total approximately AUD 66 million from its past trading, and these tax losses are expected to be available for offset against any taxable profits made in future.
ECR has earned a 25% interest in the Danglay epithermal gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015.
ECR holds a net smelter return (NSR) royalty of up to 2% to a maximum of USD 2.7 million in respect of future production from the SLM gold project in La Rioja Province, Argentina.
ECR shares are listed on the AIM market of the London Stock Exchange with the symbol ECR.