Craig Brown, Chief Executive Officer of ECR Minerals plc (ECR.L) Interview

Jul 03, 2021, 09:55 AM

Victoria, Australia continues to enjoy a gold exploration boom, with continued third-party interest in ECR’s Creswick project in Victoria. Discussions are ongoing with respect to a potential commercial transaction in relation to the Creswick project.

Craig updates on an aggressive drilling programme, the sheer volume of core and data recovered, company finaces,  these are the questions we asked below. 

  • ECR Minerals PLC said it is currently in commercial discussions with third parties about its Creswick project in Victoria, Australia. are you allowed to update on how these talks are progressing?
  • Your first hole of an 'aggressive drilling programme' at Creswick last week revealed a one-metre intercept at a grade of 9.68 g/t plus other gold anomalies. You guys must be happy with the current drilling programme?
  • The ongoing pace and sheer volume of core and data recovered, along with the licence applications in N Queensland, plus half-year statement is showing 2021 has been a very productive year so far?
  • At the end of March 2021, ECR held cash of £3.93mln, since when it has raised a further £2mln to take the position on 23 June to £5.2mln. So, the question investors will ask, no further dilution for the foreseeable future? 


For the six months ended 31 March 2021 the unaudited financial statements of the Group record a total comprehensive expense of £468,112.

The Group’s total assets were £6,522,307 at 31 March 2021, compared with £2,275,479 at 31 March 2020. The increase in total assets has occurred largely due to the increase in purchase of property, plant and equipment and exercise of warrants during the period.

The Group held £3,928,905 of cash and cash equivalents at 31 March 2021, compared with £166,852 at 31 March 2020. Post the period end, the Group’s cash position benefited from a £2,000,000 equity financing completed by the Company in April 2021. Cash at 23 June 2021 is £5,242,081.