Member Info for AG1989

They have been accepted! He tried to word it differently but they were accepted a while back, both of them now

But there's a difference between being accepted and "First grant date". Once you recieve the first Grant date, your license period begins and will start counting down (5 years, 10 years)

They'll just be waiting on a "first grant date" now after being accepted, hence why he's confident the company are close to finally sorting it all out

https://earthresources.vic.gov.au/licensing-approvals/location-of-mining-petroleum-licences/mining-licences-near-me#lat=-37.49150743276518&lng=143.85213904777308

It's all on there, just flick between the new licenses

They'll be a huge boost once granted, but i think the current license is more than serving a purpose and if they decided to Zone in further on some of these high grade hits, we'd see a lot more. However i believe the next drill campaign will probably be in either EL006713 and/or EL006907 to try and extend the strike length at Creswick

Maybe they have bought a second drill rig then. To be fair I did always think MIDAS was purely a DD rig so if true, great news.

Sankadank - I think they're talking about MIDAs because Adam mentions about purchasing it at the back end of 2020

Sjm321 - Definitely. Nothing else is getting it moving. Unfortunate to release those results on a day the market crumbled but it is what it is. I was very encouraged with the latest results, and still am. But no positive SP movement, like the rest of the results. This has me thinking what will get the Share price moving in the near term, and for me, it's the licenses. The remaining 4 holes at Creswick could be rewarding having intersected "significant quartz" but who knows.

Additional Creswick campaign planned but I can't see this for some time. Q4, possibly Q1 2022. Only because Adam mentions about a soil sampling campaign to help target and focus in on future drilling programs. A slow burner but work continues at Creswick which I'm encouraged about, especially at these low prices.

Nothing mentioned on Bailleston but plenty of newsflow due with Cherry tree & phase 2 HR£ campaign at a later date

Good to hear Adam talk about the additional licenses to the south of EL006184, all but pushed through

So much coming! I'm thinking we'll hear next week or the week after about the DD drilling underneath the Selin Resource. Followed by further results at Zone A & C. Brilliant opportunity for anybody who piled in at 12/13p. Topping up myself

GLA

I'm off for a pint in the beer garden, enjoy your night everyone

As will you **

Donold, as long as you've done your research and believe ECR is the best opportunity you can see, that's fine. Continue with the confidence you've displayed and if the measured or comments elsewhere with a different perspective, don't fit your investment theory, don't let it work you up.

There are ALWAYS going to be differing views, a factor I've accepted I'm still able to make my own judgments moving forward

Exactly lakman, and appreciated. You can have all the fundamentals in the world, but sometimes "non stop drilling" on its own just isn't enough any longer. That being said, i genuiely believe yesterdays results were a turning point and an encouraging sign and what's on offer at Creswick.

LW

https://www.lse.co.uk/rns/ECR/significant-update-8211-creswick-gold-project-australia-qomdcvb2126ruml.html

Check out the 2019 RNS. 14 intercepts of 1m zones, but really shows the potential of high grade Gold. A factor I was comfortable with investing here.

the current drilling campaign had 2 purposes for me
- Confirmation of more high grade zones
- Structural drilling to better understand the formation of the DMS and surrounding reefs

https://mercatorgold.com.au/images/fig2_CSD003_004_210714.jpg

I'm not a geologists by any means and sometimes when PI's post on here, they can use terminology and speel that really doesn't make sense to the average investor. But all of the information is usually in the RNS reports and i try my best to understand it and use that data moving forward.

If you look at the geology mapping from yesterday, holes CSD003 & CSD004, you can clearly see the structural data they've collected with CSD003 drilling an eastward Dip, looking more favourable. If they choose to drill closeby again, they'll be better placed to target the numerous quartz zones with better accuracy.
With this structural drilling, they're hitting numerous Reef zones above and below the DMS, so even though we're not hitting wide veins, if we can target enough high grade areas, it can make the project just as viable. (imo)

jsmith - potentially and that's why I'm here. I'd take in the interviews, the videos, the twitter feed etc, but ultimately, if it's ever going to get anywhere, we need to start/or continue, to deliver assays similar to yesterday, and better.

If true what CB has been saying about the interest in JV, those results yesterday and the 1m@9g/t really wont have done any harm moving forward with negotiations. We don't need 2 projects imo, but drilling on both at the same time gives us twice the opportunity to strike, and strike well. Once we begin to build up a sizeable resource, high grade or long widths or a combination of the 2, thats when the interest in the market will come. If ECR(and a potential JV partner) can create enough interest to start thinking about the production & development curve and pit optimisation studies, this will take off

But it's open to interpretation whether investors believe we have that kind of Calibre in it, at Creswick or Bailleston. I'd personally get the contracting company to stick another 10 holes into Creswick and I'd send MIDAS there to compliment it. Once you begin to progress here and make it a success, then refocus a portion of your resources back at Bailleston and potentially Tambo. It only takes one project to bring ECR back to life. The lower the SP, the more dersiked it becomes for me, and I'l be sure to lower my average (if the opportunity arises)

I've learnt more from investing in ECR, than i have with all my other investments combined. It's not my favourite stock any longer, but i still see growth here and enough activity to keep my level of interest pretty high

It's a board for everyone, that's my take on the situation.

-Long term holders,
-holders who have recently bought in
-Investors on the sidelines weighing up whether they want a position
-Investors, who over the years have spent their hard earned money investing into ECR, but have decided that this investment is not for them. Their opinion is still welcome and as a result of reading has helped me pick up a couple of pointers

My investment has mainly been based around Creswick. Yesterdays RNS confirmed what i wanted to know. They followed up on the high grade Gold pulled out in 2019 and also from CSD001. A lot more to come but it more than served a purpose to me and at 1.5p i think it's a brilliantly entry for anybody on the sidelines. It's not "safe", there's no guarantee this wont continue to drop but with the 24/7 drilling and millions in the bank, it has strong fundamentals backing up its small MCAP

There's a clear difference to a poster blatantly derailing the board, and a poster offering a view which can sometimes give you a different perspective on the stock, you may have missed. I've seen JTB on numerous boards, and whether you agree with his comments/thoughts/views, he spends time replying to every poster & also takes information on board. I find these kind of boards sometimes bring the sentiment down by themselves with a tunnel vision focus of "everything is rosey, i will not accept anything bad being said about the company". IF you want the board to take on your views, take time to read through and try to understand perspectives of other posters

I like ECR and will remain invested for a long time from now. I'm more intrigued to see how far they can take Creswick, with absolute no guarantees it's going to work, but enough evidence to show me, this has serious high grade potential. I appreciate the posters that want to SHOUT ECR FROM THE ROOFTOP, that genuiely believe this has a future full of growth. Confidence is healthy and it's always refreshing to log in and feel like your investment is going places, but without going around in circles, I welcome posts offering different views to see if there's a spin on ECR

Posters shouldn't be worried or feel restrained from giving their views on here, with the fear of being shot down or marked as a "de-ramper". Without naming them, there are a couple of stocks I've sold out of in the past, but from time to time, show my face on the board because I'm interested to see how they're performing.

I don't see 10p by the end of the year. £100m MCAP is a little much imo, but i do see growth. I see this heading back towards 3p, onto 4p and maybe further once further positive results continue to be released. No imminent cash raising, our own drill which hasn't stopped spinning this year and 100% owned ground they have proven Gold up on, we just need to keep the pressure on.
5 assay reports since April and nothing but SP decline. Time to turn that around

I'm wondering what kind of hold ECR have on this LW. For example, one of the Creswick licenses was accepted 2 years ago. They'll not want a "first grant date" until all licenses are accepted and work can begin

Maybe the company are awaiting the outcome on the outstanding Ballarat licenses before making any further decisions. If they are awarded the Ballarat licenses and the Grant period begins on all 3 licenses, they may decide to explore here first, who knows

I know the earth resources department are getting more funding in the near term to deal with all of the backlog. Feel like I'm repeating myself by saying "hopefully we'll see progress soon" but it's just a waiting game

https://earthresources.vic.gov.au/licensing-approvals/location-of-mining-petroleum-licences/mining-licences-near-me#lat=-37.49150743276518&lng=143.85213904777308

Clockface - JTB posted this link a while back and it's something i use on a regular basis. 7/8 licenses applied for have been accepted and are awaiting a first grant date. The only licenses not accepted yet is the Ballarat one which they're waiting on

Creswick:
3 licenses

Tambo:
2 licenses

Bailleston:
3 licenses

If that's correct. Long delays at the department which has been out of ECR's control but it's looking positive

I think it's safe to say Antipa have options. That result last night was not an "early stage" exploration result, they're infilling Minyari in the relatively shallow zones, whilst confirming mineralisation at depth, as well as expanding the near surface Gold, confirming Minyari East last week at around 250m+. It's still not clear what direction they'll take, whether they want a stand alone operation off the bat, or they toll treat the near surface high grade Gold and get it trucked off to Telfer. That's what Chairman Stephen Power keeps alluding to in his interviews

The purpose of the 2021 exploration programme was to update the resource and then start to begin mining studies and pit optimisation at the back end of 2021. They had $A31m in the bank after the recent cash raise but with about $A7-10m being spent on Minyari this year and their contributions towards the 35% interest in Citadel with Rio, they'll burn through a chunk of this but will be pretty cashed up still. They have $A150m worth of JV's in the same area with Newcrest, rio and IGO with Newcrest being the largest shareholder of the company. They have brilliant support and I'm almost certain to jump onto the production ladder, or start to think about it, there wont be any further dilution. Some of the high grade material starts at surface which is an enormous bonus.
Another JV? Potentially but with it being a little more advanced than what companies look for when they farm in, the terms will be interesting. I really can't see Antipa giving up 50%+ of Minyari, 21,000m+ of drilling in this campaign alone will paint a better picture in a couple of months time

It's no secret that the directors have described Minyari as a "havieron" look alike and its been reported in numerous mining articles. It's not particularly something i buy into personally, how can you benchmark yourself or describe yourself against something like Havieron, when you don't really have a full understanding of Havierons deposit limits or how big it actually is. It's growing and growing and growing and it doesn't seem to stop. The grades do look stronger the further they're going (AZY) but it's still a long way off in terms continuity, width and grade when you draw up the comparisons

Antipa is my largest holding and in nearly every article you read, the world class "havieron deposit" is mentioned. A market cap of $A150m (ish) is less than £100m and with so much growth to come, it's a no brainer for me.

It's great to see that the area in general is gaining traction and believe we haven't even scratched the surface of finding out what the Paterson has to offer (By "we" i mean GGP/AZY/NCM/RIO etc). Apologies for digressing slightly, i just find the whole Paterson area extremely intriguing.

I made a top up here on the last set of results and promised i wouldn't be making any more, but when it dropped to 17p not so long ago, it was the easiest decision of my investment life. MULTI Billion £ company easy

Infill drilling at Minyari just delivered 172m@1.68g/t. EOH 402m and ended in mineralisation. Minyari is a beast and this isn’t even the DD results deeper down. I think 402m was the limit for the RC rig and will be followed up with a diamond tail

What an area. The juri JV next out of the rank. Black hills & PRE to serve up a feast. I missed the boat last year but have remained invested from 8p upwards. I target small cap companies so don’t really get time to come on here but Greatland is an extraordinary company, and I’m still following closely, holding in my SIPP.

The next MRE will blow the socks off this. Those last results, 1400m below surface and still open, outstanding. Best of luck to everyone.

Little bit of the RNS missed first time over

"Results are pending for recently drilled CJD001, which is our most southerly drilled hole along strike to date (2km south of CSD001-CSD002). Significant quartz veining has been intersected within this hole."

CSD003 & CSD004 drilled 900m south of CSD001 & CSD002
CJD001 drilled 2km south of CSD001-CSD002
Significant quartz veining. Let's hope the high grade gold continues along strike

mentalmax - If we do, all I'm interested in is the next goal for Creswick. They still need the rest of the Creswick results but future campaigns and operations.

With both other Creswick licenses being accepted, it will be interesting to see if he can provide us with an update of when they can have their "first grant date". Or are they waiting on the outcome of the Ballarat license before advancing exploration beyond EL006184

Maybe something i can put to Alan Green in case he has any upcoming interviews with CB and the board

Google showing ECR at 1.65p (-2%) after half 4 but that can change again with late buys. Never thought we'd see 1.5p again but there you have it, exploration eh!

Happy with the RNS as stated this morning, let's continue chasing those high grade veins

I agree about the share price GGP. The initial results attracted a fair bit of interest from potential JV partners, these results will not by any means "cement a deal", but to me they compliment historic drilling. Whilst identifying the DMS, they're intersecting high grade Gold which is extremely encouraging.

They really need to keep the pressure on here with Creswick, continue delivering high grade results in stacked veins and reefs, and target some wider veins

https://www.lse.co.uk/rns/ECR/significant-update-8211-creswick-gold-project-australia-qomdcvb2126ruml.html

If you check out the original Creswick RNS back in 2019, there were no fewer than 14, 1metre intersections. This is a factor i was aware of investing into ECR, i was speculating to see whether they could follow up the high grade results from then, which they have. Still plenty of work to do, let's hope they can deliver

2 rigs would be brilliant TS. I think they could really dig up some value, but even if MIDAS takes a breather at Bailleston until the next HR3 campaign and like you say, tag a couple of Diamond drill holes onto the back of the current campaign.