Member Info for TalkingSense

Morning Snip, Only 11 days until your and Gino's 'raise for sure in the next 4 weeks' timeline expires.

Of course in your last post you have not also considered that there are further planned disposals which will raise more cash.

Creswick drilling results in 3-4 weeks.

AH mentioned Brewing Lane in one of the last interviews and I seem to remember saying they were NOT looking to offload it yet due to access rights being a lot easier when you own the land, etc.

It's good that they are finally looking to get a comprehensive picture of what the potential is at Creswick through the recent Lidar data and the comprehensive soil sampling programme that we are in the middle of (the number of samples will easily be 1000+ when they have finished.

As it's been said, you need to understand the potential and value of your resource before making decisions on whenther to go it alone, Jv or sell ....and what the potential value of the Creswick project is so you can get a fair value deal (if that's the road they go down with Creswick).

Focus is shifting now to Lolworth and the 'battery minerals'...AH is obviously very excited by the prospects there.

That and Hurricane DD drilling will be the Queensland focus over the coming months.

just feels like we are at an inflection point with ECR....very exciting times ahead!

Hey look who's back...lol....4 posts all ECR and all overly negative.

You are right in that pretty much all mining companies use drill contractors and will pay really high contracting costs and have no flexibility in their drilling programme.

ECR are different as they can change their drilling plans as the results/geological finds dictate and have the ability to hire out the rig to those companies (in between our drilling programmes) who want to pay exorbitant contractors fees so we can generate extra revenue if required.

We know at least one is there June/July to do the DD drilling...not sure where the other will land.

Has the 2nd rig been commissioned yet?.....radio silence

Covgas, Yes.

And we will have 4 areas of exploration this year with Creswick, Lolworth, Hurricane and Blue Mountain all scheduled for exploration activity.

Hurricane is classed as late stage so can be proven up reasonable quickly and has at/near surface seems of 5-10g/t .

Lolworth could be an absolute beast with initial results 'exceeding expectations' or multiple resources

Creswick has just completed/is completing a 10 drill programme (results in 4 weeks).

Blue Mountain is a bit of an unknown at this point.

So not a one trick pony and plenty of activity planned.

Funds received for property sale....fully funded for ALL planned activities in 2023.

Further disposals (presume Itagon and maybe Baillieston) planned....should see us funded well in to 2024.

2nd RNS - Good to see activity started already at the 'multi-resource flagship'

Exploration for 2023 is targeting Gold and Niobium-Tantalum anomalies found during last year’s field season. Planned soil grids to be undertaken across a 2km x 4km potential pegmatite-dyke intrusive centre. Stream drainages leading from this area contain high concentrates of Niobium-Tantalum mineralisation. Previously identified anomalous gold (including visible gold) within streams that are draining from regions of interpreted major fault lineaments represent major targets for the 2023 field season.

CEO Andrew Haythorpe commented: “Both Adam Jones and myself have frequently expressed our excitement at the sheer scale and scope of ECR’s Lolworth project, and its proximity to major historic mines in the area. Our 2022 exploration campaign produced high quality results right from the start, with numerous Gold, Lithium, Niobium and Tantalum samples helping us to zero in on the areas of greatest potential. Our Board and geo team firmly believe that the anecdotal evidence and volume of positive results point to the possibility that the region could host a genuine Gold, Niobium and Tantalum discovery.”

“I am keen to see what the 2023 Lolworth campaign yields in the first few weeks, and I look forward to reporting back to our shareholders.”

7 RNSs in the last 5 weeks....not exactly radio silence.
I'm sure the BOD will communicate when they actually have something to update.
Drilling results and grades will drive the SP.

Yep, The 'for sale' sign doesn't guarantee a sale.
I am mildly optimistic that some sort of deal will be done on Itagon (but I would no way say it's a done deal).
Victoria land does seem to be a little more sort after.
I could be barking up the wrong tree and Baillieston is a priority with the 'missing' Blue Moon results both 10m @ 400g/t....lol (Where are those results?)

Legal, Yes, It looks like Queensland will be the main focus for ECR moving forward with Creswick being progressed in the Queensland rainy season.
Personally I think the for sale signs will be up at Baillieston. I feel that there is some value at Baillieston (the last reported HR3 grade was good and the last one at Blue Moon was 4m @ 6.5g/t) so they could find a buyer for the licences. Baillieston is too far down the pecking order for ECR to bother with now so best to monetize it.
Get the drills spinning at Hurricane and prove that up as that's further down the resource road and continue the earlier stage sampling at Lolworth, with maybe some acceleration on the non-gold prospects.
Blue Mountain I have no opinion on...that's an unknown.

Mel, Thanks for proving my point ;-)

Legal...I will leave it be now

Melville's Truth
He is not bitter
The past 15 years are an indicator of the future
The SP will definitely go down further
Everybody else has lost money on all of their portfolio
His losses on ECR (ans assumedly his ORR losses) are not losses as he made money elsewhere so he is not bitter at the losses on ECR as they are not losses ...by the same thinking Man Utd have not lost a league game this season as they won the FA cup)
He is not bitter
His aggressive name calling and belittling of other posters is OK , but anyone who questions or calls him out is desperate.
The new ECR board are more professional and are doing a good job (his post in Oct)
That doesn't matter because of the last 15 years
He is not bitter

Mel....that is your warped version of ' the truth'..... from Truth Social ?...where the Trump 'truth' is told.
You are just embarrassing yourself now

Mentalmax, lol
Thinking of selling gold caps with MEGA on them ;-)

Does anyone else think Melville is actually Donald Trump
"I never lost that election/money"
Abuses anyone who disagrees with him
Calls everyone by the what they call him..little man, loser, bitter etc.
Knows everyone else's position on this and the rest of their portfolios (using the CIA to hack everyone's accounts?)
Praised the'new ECR team' in October and then harps back to the past.
Totally narcissistic ego maniac.

Coincidence?

I doubt that will ever happen as well Melville.
You don't strike me as a person who ever admits that we're wrong.
Took you two months of finally admit you made a loss on ECR.

Quick Lolworth Summary:
We did extensive sampling there and the gold results so far have exceeded expectations.
They have identified a 10km strike length of Lithium on the Lolworth prospect
They have identified a separate 10km strike length of Tantalum and Niobium
The recent results show we have a 50 sq km area indicating a potential combined resource for Lithium, Niobium and Tantalum. BOD opinion is" The Lolworth Project has great potential to develop into a multi mineral flagship project for the Company.”
We have 900km2 under license with two thirds of that 'gold shedding' (AH in recent interview)

And at Hurricane we have multiple veins at or near surface with grades of 5-10g/t.

Should be a fun next 6 months in Queensland

If you say so.

No Snip, Plenty to come from Creswick.
Soil testing will continue and further drilling targets will be identified in Creswick for December (they have 30+ prospective shoots to choose from)
Also the drilling campaign that coming to an end at Creswick and the upcoming results will be assessed and form part of the future drilling planning.

ECR have to take advantage of the non-rainy season in Queensland until then so the two drills will be heading there for the next few months.

Would be nice to hear whether both drills will be allocated to Hurricane or if one will be doing some early drilling at either Lolworth or Blue Mountain.
Lolwoth is definitely the most exciting of the 3 , but may not be at the stage where drilling targets can be identified.
I feel a Queensland focused interview outlining the operational plans for the next 3 months would provide some clarity.
More solid results at Creswick where they are trying to build a detailed map and plan for the drilling campaigns from December.