Member Info for BlackHopper

Look everyone.... (TS notwithstanding).... why do you think Nick has so many shares?

Because he thinks it is all hot air but he would still rather the shares than cash. Plus the other directors.

If you did no research and ignored the RNS's then you would still be fine.

ECR will do at least 3 bags in the near to mid-term. Long term.... 2p plus... hence Chris G

Big find elsewhere...you name your price.

TS your patience with clown amazes me. I doff my cap. Really.

... a F ton of these and I'm really happy with the current state of play.

Just wanted to drop that in with all the CARP on here from the usual. Great presentation and great Gold price that will pop higher once the situation in the Gulf is sorted.

I don't have as many as Nick mind.... I wish I did. Enjoy the next few months....

Howdy ECR gang. Another Game -Changing event in the ECR runway. Easy to see why Chris Gibbs agreed to get on board the ECR express.

Usual moan and groan gang here talking s h I t e

Nick Tulloch has far too many shares to want this to languish here

Producer soon!

Mark, I love your posts. They are so informative. Keep up the strong evidence based content.

If this case... at this time... you can be forgiven for being smitten

Buy these dips while you can....

That's all I would say

Annoyingly the cost of diesel in Aus will have doubled... hopefully for not too long...

Critically the initial .12g per BCM is I think a very looooow estimate. However, they had to pick a number and they would not want to go high and then be found wanting....

Under promise and over deliver.

I am hoping for a much better average per BCM. Anything over .2g per BCM.... or ever better over .3g will be great news.

Notice the wait were are having. More processed material will allow for a much better average figure calculation.

Notice also that there will be significant 'Hotspots' withing the alluvial deposit (I/we hope) which will spike the produced output from time to time.

At least they have outlined the proposed next steps.

Drill intersects continue to bolster the existing resource and the geopolitics of the requirement of the contained metals is more compelling than ever.

MCap remains crazy low.....

13-Apr-26 13:51:00 0.1568 1,366,741 Sell* 0.15 0.165 2,143

This my smaller buy at 13.51... also red

A nice buy... anything .155 and above in red is a buy in the later part....

First line... meant 1000oz (938 in RNS)

Gwyn... I'm afraid you are a long way out. Please read the 10th Feb RNS very carefully. Here they are estimating approx 100oz gold over a period of over a year.

I expect that is a very conservative estimate.

Might be 2000oz... perhaps more .... but if BCM=1 tonne and 450 BCM per day then that makes 54g divide by 31.1 (g per troy ounce) makes 1.74 ouces per day

Could be 1 could be 4 could be 3..... nuggety gold... very variable.

I'm hoping for an initial average in the 3-5 ounce per day making us very profitable. Diesel cost will have risen mind.

Hope that helps

Lol Silver, I concur though somehow doubt it will halt the stupid posts. That a BB for ya...

Fundamentally, the terrible things going on in the world only INCREASE the need for scarce critical minerals in a world where supply constraint by some will really focus the minds of others (at last) on what they need to secure. ZERO doubt about this.

Interesting read BenB. I mean, let alone the base metals, with the Silver price and the Germanium, and Gallium, ROCK are certainly going to be firmly on a lot of investment radars once the resource it firmed up....

However, I think and 'early mover' will come in with an offer(s) well before that updated resource drops...

Triple... your posts are some of the best I've read.

Succinct, intelligent, truthful and forward looking in exactly the kind of way an INVESTOR would like. That would people who buy and hold shares for future gain. Future GAIN.

Not so good for the naysayers.... but then.... why are they here anyway ?????

It's a very good review by NT. Here's a summary:

We are well cashed-up with imminent revenue production followed by even more production and with a wide range of tasty, potentially GAME-CHANGING exploration assets to explore. Target 1. £20-30m MCap. Target 2 £100m plus MCap

Bailieston

On 3 July 2024, ECR announced that the Bailieston project's sampling uncovered high-grade antimony, with hole BH3DD019 hitting 32% Sb over 0.3m and BH3DD027 yielding 1.2% Sb over 0.1m. As a consequence, during the year we undertook a follow-up programme including diamond drilling to investigate these targets further.

In 2025, our geology team reviewed historical pXRF data from soil sampling campaigns conducted at the Bailieston Project between 2020 and 2022. Statistical analysis defined eight sub-populations of increasing antimony values. These were then spatially correlated with known mineralised vein systems, revealing four key antimony anomalies along the Hardup, Hardup South, Scanlons and Scoulars veins.

In 2025, to verify the soil sampling results, 72 rock chip samples were collected from oxidised, veined and sheared material within historical trenches and pits. Seven of these were in-situ channel samples taken across exposed mineralised structures.

The key rock chip sample results, announced on 14 April 2025, include:

● 0.3m @ 41.3 g/t Au, 0.89% Sb

● 0.5m @ 36.1 g/t Au, 0.48% Sb

● 0.31m @ 10.6 g/t Au, 1.13% Sb

● 0.8m @ 6.51 g/t Au, 0.19% Sb

These samples were all taken from the Hardup Reef, part of a north-northeast trending vein system that has seen limited modern exploration. Given the current commodity price environment, these high-grade zones represent compelling drill targets.

A four-hole diamond drilling programme followed and intersected gold and antimony mineralisation in two of the holes.

Hole BH3DD044 delivered promising results, intersecting a 1.6m mineralised zone from 133.0m, including 0.2m @ 3.86 g/t Au and 1.41% Sb from 133.5m, yielding a gold equivalent grade (AuEq) of 7.62 g/t at 133.5m (based on the prevailing A$3,500/oz gold and A$30,000/t antimony prices at the time, being late May 2025), and 0.3m @ 3.09 g/t Au from 133.7m, with visual confirmation of stibnite (antimony sulphide) throughout this interval. Additionally, a shallower intercept in BH3DD044 returned 0.2m @ 0.92 g/t Au from 61.3m.

Hole BH3DD046 intersected 0.15m @ 0.84 g/t Au and 1.62% Sb from 135.2m.

Most importantly though, rising prices are quickly changing the economics of our own projects. We initially modelled Blue Mountain production at levels of less than half of where gold prices are currently trading at and we applied the same conservative approach to the Raglan project. It is of course stating the obvious that our future operating margins would increase in line with commodity price rises but, just as importantly, shareholders should know that our projects are also resilient to weaker markets.

Highlights of the year under review include:

· Several advances at Blue Mountain which have, in our view, provided confidence that commercial gold mining can be carried out there

· A maiden drilling campaign in Tambo confirmed the association of gold mineralisation with quartz veining adjacent to the main shear zone

· A total of 28 reverse circulation drill holes were completed over two gold prospects at the Lolworth project

· A diamond drilling programme intersected gold and antimony mineralisation at Bailieston

I had a productive visit to Australia in January and February of this year which included two days at the Raglan project in Queensland and a tour of our Victoria tenements with ECR's Chief Geologist Adam Jones and ECR Director Chris Gibbs. The Raglan project is covered in greater detail below but first impressions of the site were beyond our top end of expectations due to the very high quality alluvial mining facility in place. We have high hopes for this project. Victoria, which has been at the forefront of our operations in the past, took more of a back seat in our operations over the past 12 months, but this is a reflection of the pace of our progress in Queensland. We still have considerable opportunities in Victoria, and we will keep these under review as we begin to generate cash from gold production at Raglan and in due course Blue Mountain.

In some respects, we have broken the mould of small-cap resources companies by planning to bring our own leading projects into production rather than opting for the more traditional route of bringing in a larger partner, either through a sale or farm out. It is our firm view that keeping this work in-house will in time be to greater benefit of our shareholders.

We have a strong balance sheet. The placing concluded in January 2026 raised £1.5 million, a sum substantially in excess of the typical running costs of ECR. We commenced production plans at the Raglan project just one month after acquiring it. We also expect the Raglan project to be joined this year in initial gold production by the nearby and bigger Blue Mountain project. On top of this, ECR carries A$76 million of unutilised tax losses meaning that we believe it will be many years before our successes in gold mining become taxable profits.

Mention should be made of commodity prices. Gold, and more recently, silver have been very strong in the past two years. This has renewed investor interest in gold explorers and producers as well as created opportunities around potential projects. I said last year that we expected a natural extension of this would be increased merger and acquisition activity. Our successful acquisition of the Raglan Project is a case in point but we will remain cautiously opportunistic to other acquisition or joint-venture opportunities as they present themselves.

Quite some list…

Management paid in shares too.

Tick