ECR Minerals PLC has appointed Allenby Capital Limited as the Company’s Nominated Adviser and Mike Whitlow as Managing Director. Mike, who has been the Chief Operating Officer since September 2023, brings over 20 years of experience in investing and financing small cap and start-up companies, particularly in the natural resources industry. Andrew Scott, Non-Executive Director of ECR Minerals Plc, expressed his delight in welcoming Mike to the Board, highlighting his instrumental role in delivering key operational and strategic objectives for the business.
Under the AIM Rules for Companies, additional disclosures about Mike Whitlow's directorship and share ownership were provided. Mike Whitlow owns 30,055,417 ordinary shares of 0.001 pence each in the Company. The announcement also includes contact information for further inquiries.
ECR Minerals PLC is a mineral exploration and development company with a focus on gold in Australia. The company's wholly owned Australian subsidiary, Mercator Gold Australia Pty Ltd, holds 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, and has six outstanding license applications. Additionally, ECR owns 100% of an Australian subsidiary, LUX Exploration Pty Ltd, which has three approved exploration permits covering 946 km2 in Queensland, Australia. The company has also submitted a license application at Kondaparinga, 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, ECR Minerals PLC 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. The company also holds a royalty on the SLM gold project in La Rioja Province, Argentina. MGA, the wholly owned Australian subsidiary, has approximately A$75 million of unutilized tax losses incurred during previous operations.
This comprehensive summary provides an overview of the recent changes in ECR Minerals PLC's leadership and its current projects and holdings, offering insight into the company's strategic direction and operational focus.