Member Info for AG1989

Yea I think April is a rough timeline. End of March/April.

Looking from the updates, stripping for the 1,000 tonnes began last week. Once it goes through that wash plant, your in production. It’s a much simpler process and anybody who is Gold Rush TV mad like myself, knows the benefits of what we have.

When I left here years ago, they were drilling Victoria and the results for me were hit and miss. It’s much riskier doing it that way, drill drill drill until you have a resource, or, come up with nothing. But the rewards can be enormous

Targeting the Alluvial Gold like they’re doing from such shallow depths in a very smart move. A move that will get us onto the Gold 2/3/4 years quicker than any previous strategies. Expand the operations into Blue mountain and we’re away. 2,000 ozs for example doesn’t sound like much, but it’s over £6m in revenue and I believe both assets can yield multiples of that number. Current MCAP £7m

We need to be patient with the company but as I see it, progress is happening, and fast.

Test pits already dug - as per last weeks X update

From the more positive test pits the company, the company will have extracted 1,000 tonnes of gold rich dirt. Processed it through the plant, separated the gold, sold it on, revenue for the company

What’s so difficult to understand ? Nobody is here saying we’re going to deliver ground breaking numbers any time soon, but they will be producing gold? Something they’ll have to legally disclose. How can you complicate something so much

Hi Smudge, is it the 5 minute interview with 3 other companies?

You don’t run 1000 tonnes for a test sample. That much I can guarantee.

They’ll be targeting and processing dirt from their test pits (which will have had gold). Otherwise you’re just a professional rock and dirt washer.

Yeah I think the price of gold will continue to rise in time.

I think I'm just at peace with the current price, and any fluctuations in the near term will not matter as the price will still benefit ECR massively.

Not too far off now is it, will get close to it but can't see it being for long

ECR will be obligated to report any production figures in their Q1 report likely the end of April?

Expecting a lot of updates in-between now and then but if we don't see actual figures in the next week or so, this shouldn't come as a surprise to investors here. I don't understand this urgency to want everything NOW NOW NOW. It's a recent purchase with processing likely finished only yesterday of the 1,000 tonnes, give them time

Think it’s easy to forget that only 12 months ago Gold broke $3000 an oz for the first time. A value that sent the mining industry into a frenzy. The bull run may be over but $4000 an oz, there’s still A LOT of money and profit to be made.

KG - I think we’ll see news soon. Processing 1,000 tonnes this weekend, will be able to get a real feel of the ground, or early indications. With it being processed in March, I’m sure we’ll see a Q1 update in the near future.

If successful, although sudden, I’d be all for the company investing in more machinery to get operations elsewhere online.

Being in the mining industry, we have a unique opportunity to take advantage of the high gold price, bone mining companies have. Imagine a retailer selling a T-shirt for £50. Then in a years time or so they up the price to £150, there’d be outrage. It’s essentially what’s happening here, but we don’t govern the price. It’s set and it’s massively beneficial for us.

100 ounces alone would yield £300-£400k. It’ll all help with the funding from within and expanding.

I like how the board make the comparison between the company now and a number of years back. Something I can see too.

The change in strategy to processing more alluvial based Gold from a shallow deposit is something I can buy into. What way to take advantage of the high gold price than to produce yourself. Buy a ready made asset, close to your existing blue mountain.

It won’t happen overnight but I’m really looking forward to seeing ECR execute this plan, and build from there. Bring in the revenue and build towards a future of having 2/3/4 operations running at once. For a £7m MCAP, there’s certainly an upside here. If we were sat at £50-£100m, I’d understand the reservations, but we aren’t.

Thetriplestar - Am I correct in thinking they can use the wash plant at Raglan for operations in Blue mountain and have similiar setups there ?

Maybe invest in an additional wash plant and machinery, and operate on multiple fronts. Hopefully this can one day become funded from within, but you don’t mind dilution or raisings when you know the funds are being utilised well. Buying an entry this week

GLA

"ECR failed to capture that, they have no build a model on the highest POG just when GOLD price start rebalancing"

You mean apart from purchasing a turnkey operation and processing 1000 tonnes of pay dirt over the weekend?

Great update on the X account, it'll all come together and kick start larger, Gold producing operations over at Blue mountain

100% Chris, picked up on that too. What a fantastic position the company to be in once the permit arrives. Funding in place for construction, will be debt free within 1 year, easy extraction, 1Moz in combined resources and a potential to grow this into a 2-3Moz mine. I’m that confident we will. No place on the AIM I’d rather be than here. It has come with its risks at times but the company have derisked it as much as possible, every opportunity they’ve had.

On a slightly separate note, I’ve just been going back through the old RNS reports when we drilled 5 years ago. It seems almost effortless and with every set of results we yielded more and more. This particular set takes some beating. There’s so much more to come from that

HIGHLIGHTS

· 49m @ 15.55 g/t Au

o including 8m @ 89.12 g/t Au from 99m in hole SC0484

· 32m @ 7.83 g/t Au

o including 4m @ 53.86 g/t Au from 45m in hole SC0488

· 12m @ 6.37 g/t Au

o including 5m @ 14.17 g/t Au from 95m in hole SC0485

· 32m @ 3.25 g/t Au

o including 4m @ 10.18 g/t Au from 72m in hole SC0488

· 36m @ 1.65 g/t Au from 88m in hole SC0487

· Many of the intercepts are outside existing pit shells

· Additional new mineral zone intercepted within existing pit shell

· Results are from first 700m of a 3.2km long Selin target

Bert Monro, CEO of Cora, commented, "49m @ 15.55 g/t Au and 32m @ 7.83 g/t Au are two further fantastic holes from the ongoing drill programme at Sanankoro. Even more significantly, the objective of this drilling has been to extend the existing 65m average depth pit shells at Selin deeper, and these initial results provide a great deal of encouragement as we target an updated resource at the end of this programme."

Can’t see anything but sub 20p here now, for a while anyway. Drilling to commence and results, your talking june/July, maybe a lot longer before the next set of results. What are investors going to buy into before then?

A lot going on in Mali smudge, especially some of the majors executing significant extensions to their current mines. Combined with new mines and a national push to increase Gold production, we can’t be far off.

New short video released on the companies X account today, Bert Stating the construction team ready and waiting.

I think with the Raglan project, isn’t it stated 943 ounces over a number of years ?

I can’t see the production numbers being big at all, but with the price of Gold at unbelievable levels, it’s the concept that’s most attractive to me. Get washing dirt on one project, the know on effect would be significant for ECR. Low CAPEX, doesn’t need a 20 man crew, and shallow diggings. Give them time, it’s very early and not expecting rainbows instantly, but it all starts somewhere I guess.

Been away from ECR for about 3-4 years, and once out, I tend to keep my distance. I’m still not invested but taking a look at its Raglan project, and think it’s a brilliant way for the company to produce revenue.

- wash plant

- machinery

- ready to mine

These types of operations are all over Australia and the opportunities to take them forward would be brilliant for a company like ECR. Gold is Gold, and why not strike now whilst the price is through the roof.

It all leads into a bigger picture scenario on some of their other assets, but a wise move and one il keep my eye on

Good luck to all :)

A 30% sell off isn't a shock on those results at all. Even near surface, they're difficult to work with, that far down and limited results, this sell of was always going to come.

Gives the company some data to work with and you never know what the future holds here and what lays beneath the ground, it'll take 3-5 years of significant drilling to find out. Any talks or ramps of a new havieron need to be put on ice. work with what you have, not what you want.

Brilliant for them and hopefully a sign of what’s to come here, and also what’s possible. They have a fairly larger MCAP compared to here, so I can definitely see a rerate coming

Patience and more patience required here, at least we know what we have. Looking over on WSBN, they’ve had a shocker of a morning. Follow the gold, follow the data, follow the results.

Wouldn’t touch anything again where he’s involved, and your ceo for that matter. Had terrible experience with ORCP, feel sorry for the shareholders here who I feel have been slightly misled.

Too far down and poor grades, you’re talking years for some kind of positive reaction here, and that’s if you hit the jackpot on the 2026 drilling campaign. I’d get out and invest elsewhere.

GLA