ECR Minerals Advances Queensland Gold and Rare Earths Projects
Why we think this is good
The RNS provides positive updates on the progress of ECR Minerals' operations in Queensland, with the company advancing towards production testing at the Blue Mountain gold project and preparing for a drilling campaign at the Lolworth gold and rare earths project. However, the lack of specific financial and operational data limits the ability to fully assess the commercial viability of these projects.
Key Points
- Drilling rig to be mobilized at Blue Mountain for bulk sampling and prototype wash plant testing
- Expanded work programme at Blue Mountain to assess larger-capacity wash plant and production partnerships
- Drill-ready gold targets defined at Lolworth, with a minimum of 1,500 metres of percussion drilling planned
- Collaboration with James Cook University and Queensland Geological Department on REE exploration at Lolworth
Summary
ECR Minerals is advancing its Queensland operations, with significant progress at the Blue Mountain gold project and an upcoming drilling programme at the Lolworth gold and rare earths project. At Blue Mountain, the company is preparing to mobilize a drilling rig and commence bulk sampling and testing of a modified wash plant prototype to optimize the alluvial mining model and assess the project's production potential. At Lolworth, the company is preparing for a drilling campaign to test high-grade gold targets identified through previous exploration. The company is also collaborating with research institutions to advance rare earth elements (REE) exploration at Lolworth.