ECR Minerals plc (LON: ECR), the gold exploration and development company focused on Australia, is pleased to announce that, further to the announcement of 29 July 2022, it has now received the A$950,000 sale proceeds from the property at 177 Bassett Road, Sebastian.
ECR’s 100% owned Australian subsidiary Mercator Gold Holdings Pty Ltd (“MGA”) will continue to have use of the property until 1 January 2023 for a nominal sum.
CEO Andrew Haythorpe commented: “I am pleased to announce that funds in respect of the Bassett Road sale have now been received into the ECR bank account. In the meantime, I look forward to reporting back to you on the Blue Moon drilling campaign, which starts in early September 2022, and on any developments from North Queensland as our team get onto the ground at Lolworth Range.”
FOR FURTHER INFORMATION, PLEASE CONTACT:
ECR Minerals plc
Tel: +44 (0) 20 7929 1010
David Tang, Non-Executive Chairman
Andrew Haythorpe, CEO
Email: [email protected]
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