ECR Minerals Chairman, Nick Tulloch discusses the proposed joint venture with Bold Gold for the Creswick Gold Project in Victoria, Australia. In this interview, Nick explains how the deal allows ECR to retain upside exposure at Creswick while reallocating resources toward high-potential, near-term opportunities at its Queensland assets — Blue Mountain and Lolworth.
Under the Proposed JV, Bold Gold will be responsible for all mandated expenditure on the Creswick licences during the Proposed JV period, up to a limit of A$3 million, for which it would earn a maximum 80% interest in the Project. ECR’s only commitment will be to assist Bold Gold in certain renewals of the Project’s licences.
Key Topics Covered:
- ECR Minerals’ non-binding JV agreement with Bold Gold
- Strategic significance of the Creswick Gold Project
- Exploration plans and funding structure
- ECR’s focus on Queensland gold assets
- Potential for future joint ventures across ECR’s portfolio
The Board views the Proposed JV as consistent with its strategy of maximising value from its Victorian assets while prioritising its own time and resources on exploration and nearer-term production opportunities in Queensland. ECR’s flagship Blue Mountain Gold Project is advancing towards potential near-term production, while the Company continues systematic exploration at its Lolworth Gold and Rare Earths Project, which the Board believes is one of the largest underexplored tenements in North Queensland.
