I think there is a good chance that they have been given "the nod".....
The EPM licenses have yet to be approved but now that the work programmes have been approved, the EPM's will be advertised, following which there will be a 4-month consultation period. The Directors believe the licences should be granted in approximately 6 months time, and further announcements will be made at that time. Once approved, all three are valid for an initial period of 5 years to enable the Group to complete the planned exploration program, with a right to apply for permit extensions for up to a total of 15 years. The licenses will be held in the name of LUX Exploration Pty Ltd ("LUX") which is a 100%-owned Australian subsidiary of ECR Minerals.
Has CB just told us that these are now in the bag......
Three Exploration Permits in Application ("EPM") licences have been submitted in North Queensland, Australia by LUX Exploration Pty Ltd ("LUX") which is a 100%-owned Australian subsidiary of ECR Minerals.
The RC and diamond drilling capability the new CMR rig provides us with is particularly suited to the license areas at our three Queensland projects announced in May 2021. Given the recent results from the Creswick project announced on July 19(th) 2021, we are confident that the strategy of fast-paced and aggressive drilling programmes across multiple high-profile gold targets will expose ECR to potential new gold discoveries."
Yes, very interesting jsmith23, maybe he has been hobnobbing with the bankers while down under and been offered funding to go it alone? All avenues seem to be covered, bring on the gold!! GLAH
The Directors continue to consider it appropriate to prepare the financial statements on a going concern basis, as the Group has sufficient funds for its present working capital requirements for the foreseeable future due to the c. GBP698k funds secured from warrants exercised in Kibo Energy Plc in 2021 to date and Katoro Gold Plc in excess of GBP500k, and funds raised in excess of GBP5m from the recent listing of Mast Energy Developments Plc. This is further expanded on in the annual financial statements.
Well Aerial....there is the answer to my question why we are at such a lowly price.....Sanderson must have been forward selling imo.....hopefully get the last of them out the way and rerate to a price closer to where we should be with the percentage we have in MAST......GLAH
Right!!.....Own up!!.......Who’s been emailing Elon???......
MOSCOW (Reuters) - Elon Musk said on Friday that Tesla was close to establishing a presence in Russia and was looking at whether it could open factories there.
Addressing an event in Russia via video link, Tesla boss Musk said the company already had production sites in China and the United States, but was looking at opening production facilities in other parts of the world.