Member Info for AG1989

Welcome all to our new twitter feed. Part of our rebranding and social media presence - a work in progress and so may take a little while but will expand gradually. In the meantime, a nice pic of the camp to get us rolling.

That’s the first tweet

Happy days. If you have Twitter, give it a follow. Won’t take you 5 second. Hopefully they use it to its advantage and get the Anza story out there to all investors.

LW - I’m expecting more than 1,200m. Wasn’t that a minimum target with a 10 hole campaign targeted ?

If the first hole is 300m, I’d be surprised if we only drill the remaining 9 holes to a depth of 100m

Assays, HR3 assays are in the hands of the geological Gods and the labs. Minor delays but I expect to hear them very soon , maybe this week. Creswick may be end of June/start of July if we decide to release 2-3 holes worth.

License news regarding Creswick extensions should be soon :)

The board have been brilliant and very transparent recently. Can’t fault them there, hopefully we’ll recieve positive assays and get this SP moving. Can’t see it budging all that much until favourable Gold values are returned to the market.

dv, i agree, good sentiment though at the minute and the company are making good strides in all areas. But, in terms of consistent price action, the main factor remains and will always be, the GRADES. I can see it rising slightly on license announcements, but until we start getting regular positive assays, the hand brake will be kept on

And the company are certainly very busy on the ground floor trying to deliver those to us :)

We await the the next RNS

There are a few factors LW, but clearly visible Gold and XRF results showing good grades are the main ones. But geologists encounter different characteristics in Quartz and the makeup of the Host Rock in general to identify that your probably in the right kind of areas that host Gold

Definitely TS, that's why i said 2-3 years. And it's a bit of an obvious statement to make, but if we see no or limited sp movement within 12 months, your looking at releasing more shares into the market at a cheaper rate. I think when i first invested last year there were 600million shares in circulation. Now there are 986 million.

The £5m should last for some time now, but just don't want to end up in 3 years time with 1.5-2billion shares in circulation

Make that money last 8/9/10 drilling campaigns and by the time we get to production, there are various routes we can go down without having to raise Capital in the market. Mining loans, Term sheet agreements (exactly what cora have done in Mali), or a loan from a major (Greatland Golds £50m loan from Newcrest)

I totally agree and it's a scenario i'm hoping for. And hopefully the "80g/t" & "2m@176g/t" can be replicated once or twice on this current campaign, and strengthen our hand. I just feel CB's statement, if he wants to raise the price, he'll have to back the drilling up with positive results.

Just loving the options. Bailleston is taking care of itself. Then you have Creswick, Tambo potentially soon, Queensland towards the end of the year. No reason we can't JV Bailleston out too

£5.6m is a lot of money but you'll get to a stage if you want to keep all of these licenses for yourself, a fundraising is innevitable. At such a small market cap, spend 12 months drilling ourselves and farm out Bailleston & Creswick. It's all about progress and do the market see enough potential and ACTION in your company to produce a mine and take these projects to production

Get the resources built up (like theyre doing), get 1or2 JV's going, relocate MIDAS to Tambo or Queensland. 2-3 years time, hopefully raise further funds at a more favorable price

ie

90,000,000 shares at 2p = £2m (roughly)

90,000,000 shares at 10p = £9m

I think further raises are inevitable in the future, and that's fine. If your can do them at a favourable rate without diluting too much, BRILLIANT

Yeah, there's a high chance that the JV partner would listen to that interview, and whether we're drilling or not, they wont be paying more unless the results from this campaign come back positive. CB certainly feels this drilling campaign will nicely set up ECR

He sounds brilliant :D

Did he say they've been Granted? I thought it was just "accepted"

I know there doesn't sound much difference but i still think there's a small amount of DD that gets carried out on the licenses once accepted, then they need a "first grant date" to be worked on

LW - Must have some confidence in the upcoming drilling campaign. Telling the JV partners the price has gone up because they've recommenced operations. The grades will do the talking

Results jsmith - Good to have the fundamentals in place and building nicely, but it's what the market will buy into.

Extremely happy these are in my SIPP - No intentions of parting with these shares for a very long time, i can see tremendous value. He's adamant on building a mine with ECR - brilliant

That's a brilliant interview

I alluded to that a few times, the JV partners were waiting or would be waiting for the 3 licenses to be accepted before a deal is done. They're clearly keen still.

- 5.6m in the bank

- New Queensland licenses may come to a cost of only £30,000

- Stream sediment sampling up to 235 g/t

- Initial analysis from Creswick Hole 1 looks positive

- Core shed can't deal with the load that's coming its way ;)

- mining essential industry so operations not affected

- Delays in labs but remaining 4 HR3 holes, internal analysis looks positive

- New subsidiary company set up to deal with operations in Queensland

-Licenses, high chance they'll be granted within 5 months or so

- CB thinks the new licenses(Queensland), once granted, could be worth several millions

- 8 applications, 7 have been accepted

That placing really was well timed. with everything going on, minimal money has been spent and it's left the company with a £5.6m cash balance

topping up too TS, great interview

From what i can find on earth resources, it looks like the Ballarat license mate, just not been accepted yet

8 license applications

7 have been accepted!!!

https://twitter.com/ecrminerals/status/1398221843576901634

about yesterdays RNS

Definitely and that's where you juggle with the jurisdiction

But then i see a lot more potential and high grade Gold at shallow depths, than i see at Junior gold miners in a safe Australian/North American Jurisdiction

Yes LW, i check daily. So both have been accepted, one was actually accepted back in 2019 i think it was

But once it's accepted, you then need a "First grant date"

EL006713 was accepted on 31/03/2021

EL006907 was accepted 28/06/2019

But i think was your issued with a "First grant date", the clock starts ticking on your permit and licensing period. So understandably, CB didn't want a first grant date for EL006907 until EL006713 was accepted

Now both have been accepted, i can see real pace and movement in getting a first grant date for both

The ballarat one would be a huge bonus but it's a competitive bid. Those 2 licenses on their own mentioned above are enough to give us great exposure to the DMS moving forward

The first set of HR3 results were underwhelming for me, but to pull 21g/t of any length is a good start and show's your in or around the right area. They seem positive about the recent 4 holes through internal analysis so agreed, there may be further plans yet for HR3 after Cherry tree.

Just recycled some material on twitter.

the "2m @ 176 g/t drilled from the DMS to the south of Creswick."

Combined with the 1m@80g/t we pulled from the DMS in EL006184, these 2 additional licenses at Creswick should not be underestimated. The exposure it gives the company to the DMS which is littered with high grade Gold, is invaluable

Starting to look a lot better

Are you invested here LW? I know Talking Sense is. Flew way under the radar but glad I found it before the onslaught of assays :D

I understand that but some of these countries have always had political unrest but the mining industry, especially in Mali has been vibrant for years.
But the president getting arrested and kidnapped does take it to a new level.

I bought in only this week. 13 holes outstanding from Selin which the last RNS stated they’d hope to finalise reporting before the end of May. ie tomorrow/next week.

There there’s 6000m completed in Zone A which will land any time. In terms of assays, I don’t see a company with a more continuous news flow and influx of Gold results than this.

Very excited, fast tracking this campaign through to meet a resource growth and FDS in 2021. All to tick a box for construction to begin in 2022.