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:
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ECR Minerals
Plc
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Tel: +44 (0) 1738 317 693
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Nick Tulloch, Chairman
Andrew Scott, Director
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Email:
info@ecrminerals.com
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Website:
www.ecrminerals.com
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Allenby
Capital Limited
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Tel: +44 (0) 3328 5656
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Nominated Adviser
Nick Naylor / Alex Brearley / Vivek
Bhardwaj
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info@allenbycapital.com
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Axis Capital
Markets Limited
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Tel: +44 (0) 203 026
0320
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Broker
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Ben Tadd / Lewis Jones
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SI Capital
Ltd
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Tel: +44 (0) 1483 413500
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Broker
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Nick Emerson
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Brand
Communications
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Tel: +44 (0) 7976 431608
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Public & Investor Relations
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Alan Green
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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.