Member Info for TalkingSense

For those who missed this morning's interview :

https://www.youtube.com/watch?v=koi_IiM0cSg

Excellent news all round.

NO additional working capital required to get Raglan up and running.

NO commissioning phase...turn up and start trenching...so immediate production when the get a crew on site.

"There is a very real and vert probable outcome that Raglan will cover ALL OF OUR G&A, AND A LITTLE BIT MORE"

The a$2.5m/Yr pessimistic estimate in Nick's last interview was based on 0.15 b.c.m . He stated that grades at Raglan were similar to BM (0.35b.c.m) ... not hard to do the maths...a$5m+

Bye Bye !

Key word being BETWEEN now and easter....could be weeks

ECR are funded until AT LEAST the start of Q2 so will still have funds although , as I have always stated there may be a need for a small raise if Raglan does take a little longer to get started (say £200k.....or 2-3% dilution).

Once production commences they will be producing well north of the pessimistic £1.25m a year in revenue....if grades are similar to BM as Nick implies then revenue will be nearer £2.9m.

Easily enough to be self funding and more moving forward (ECR G&A of c£1m/yr).

Excellent news all round.

NO additional working capital required to get Raglan up and running.

NO commissioning phase...turn up and start trenching...so immediate production when the get a crew on site.

And Likelihood of no further raises required

"There is a very real and vert probable outcome that Raglan will cover ALL OF OUR G&A, AND A LITTLE BIT MORE"

The a$2.5m/Yr pessimistic estimate in Nick's last interview was based on 0.15 b.c.m . He stated that grades at Raglan were similar to BM (0.35b.c.m) ... not hard to do the maths...a$5m+

"There is a very real and vert probable outcome that Raglan will cover ALL OF OUR G&A, AND A LITTLE BIT MORE"

So looks like Raglan will make ECR self funding

Harchris, You are absolutely spot on ,,,,IF a raise is required then it is likely to be in the £200k region.

Coco/Sausage was throwing out numbers north of £600k last week which is ridiculous as ECR only have expenditure of c £1m a year....they have enough funds until at least the start of April and Raglan is projected (on pessimistic parameters) to produce around £1.25m a year.

Even assuming a really slow start at Raglan and production half expectations (as we only need to dig and wash from 4m down they should get up to full production quickly) that would extend the cash through to June/July.

In Australia they have 'mining banks' they will give credit against producing assets, so a raise may not necessarily be in the form of dilution.

If Raglan gets up to speed relatively quickly and exceeds the pessimistic forecast then no further raise will be required.

Bailey, If you've got any comments about the current ECR situation I will happily discuss.

I'm not responding to personal attacks or what happened in 2019 (which I assumed you got spiked on as you mention it infinitum)

Coco's previous account was Rxdiv.

If I remember correctly his wife left him for the postman...guess he is giving the X a first class delivery compared to Rx/Coco's small package.

Explains the sad trolling, sat by himself in his lonely room.

Https://www.proactiveinvestors.co.uk/companies/news/1084897/gold-tipped-for-5-100-in-2025-as-investors-still-seek-hedges-and-diversification-1084897.html

Failtosea: Here is a few facts

" Raglan will soon be producing gold.

" Discussions are progressing with Bold Gold on a Creswick JV.

" Drilling and washplant results at Blue Mountain are described as 'very, very commercial' and the resource 'gets better and better'.

"Lolworth initial drilling results showed good silver grades that extend beyond the previously expected area.

*ECR have added exceptional experience and expertise to the BOD over the last few months.

' ECR holds a$76m of tax credits so any revenue for a number of years will be tax free.

" ECR SP has risen over 50% in the last few weeks.

5 years (and 3 or 4 BODs ago) there was a spike caused by Creswick JV rumours.... ancient history and irrelevant to today's ECR.

Failtosea...After your previous torrent of abuse to all posters who didnt agree with you negativity and wrongly accusing some of us of being paid promoters, you cannot play the wounded soldier..

As you posted in November :

".There was no JV 5 years ago despite the ramping .And there will be no JV this time around either . None of the projects will come to fruition"

Well since then Raglan is confirmed, BM results have come in with commercial grades, Creswick JV discussions are progressing, Lolworth drilling exceeded expectations and the SP is up c60%.

Perhaps you should look at ECR today and its future prospects instead of looking back to 2019.

And steering the conversation back to ECR, here is a copy of Bottmzup's post from last week reminding why we are in the middle of a rise in SP:

For a long time the naysayers and FUD'sters have trash talked ECR on a variety of subjects, now they seem to have run out of deramps for a variety of reasons.

- No placing needed as revenues due to roll in soon, unless they decide to accelerate production some time down the road...at a considerably higher share price.

- Expert personnel on board with proven CV's of high quality success.

- Results at Raglan and Blue Mountain showing good grades and continuity, with nuggety coarse gold identified...suggesting close proximity to source.

- Mining friendly Country with no political issues.

- Proven precious metals recovery history in one of the most lucrative mining Country's on the planet.

- All time high Gold price...and counting.

- No more Mike W direct involvement, which some loved to bash ECR for incessantly.

- All machinery and mine site infrastructure in place for use at Raglan then Blue Mountain...both in close proximity to each other.

- Raglan licence expiry date 'TBC' according to the recently updated website.

- Rainy season in Rockhampton (closest town to Raglan) runs from early Dec to late Feb, with Feb being the worst month having an average of 9.1 rainy days.

- Raglan is situated on the East coast of Queensland, hundreds of miles South of the worst tropical rain forests.

- Near to Rockhampton and Gladstone, both well populated with plenty of experienced workforce to draw on.

- Chart looking strong with high volume positive reactions to December RNS's....market starting to take notice!

I don't know whether a 'recovery play' is the right terminology for ECR's current position, but what I do know is this has been planned for a couple of years...to create shareholder value by monetising ECR's assets.

Directors been taking their remuneration partly in shares to make sure that funds are used for operations, exploration, drilling etc.

ps. all without even mentioning Lolworth!

This from the website updated last week....

'The Lolworth Project, spanning approximately 900 km2 in total, is located 150 km west of the historically rich centre of Charters Towers in North Queensland. The Lolworth Project is a large-scale exploration project prospective for gold, silver, lead and rare earth elements. The Lolworth Project remains free of native title claims, enabling straightforward and low-cost exploration access.'

Hard to find any kind of negative of substance.

Moving up nicely again with buys coming in at 0.34

Expected news in the short term:

* Creswick JV progress/confirmation

* Final set of BM results with confirmation of mining license application underway

*Raglan production start date

Cocopops ....There is only one person posting on multiple accounts that has been caught out multiple times in the past ....Coco/ Sausage/Baileysea !

I said a couple of weeks.. I would estimate .mid Jan production start (not months).

The a$2.5m estimate from Nick was on very pessimistic parameters so I would expect that to be exceeded which will cover ECR costs.

There may be a need for a small raise...and there may not. I (and you) cannot be sure either way.

Yes SP is where it was a year ago, but with much better prospects moving forward. A great opportunity at these prices.

You forget to mention it's 50% up on a month ago...momentum building with every update.

Absolutely agree BM won't be in full production until the second half of the year (I believe they company revenue estimates on BM were around £6.5m a year on a gold price of $2790 so happy to wait 6 months).

Coco (resident bb clown), Now you are resorting to blstent lies.

Weather will not delay production for months...Raglan will be producing in a matter of weeks.

It will not take months of further preparation. ECR have had access to the site for months, the old owners were already in limited production (due to their lack of ecxperience) and all equipment is in place.

Nick estimated, with pessimistic forecasts, an income of c £1.25m a year from Raglan.

ECRs running costs are c£1m.

Even if initially the production does not cover running costs fully it will extend the cash runway which already extends into Q2.

Any small raise that is then requires can potentially be done as finance meaning no further dilution.

I remember a couple of months ago you were claiming a negative for ECR was they might not have a buyer for the gold 🤣🤣🤣

You are still the BB 🤡

ECR transformation to producer will happen in the coming weeks.

Must be an RNS day as Sausage/Coco is using both accounts today.

You'll have to excuse me if I don't take notice of a deramper who was also being negative when the SP was at 0.2 a couple of weeks ago (missed out on 50% rise...so far!)

Blue Mountain prooved as being 'very, very commercial ' with the resource area expanding and with every set of results 'getting better and better'

Lolworth first ever drilling programme completed with better than expected silver results (to add to gold and REE) with the silver resource extending beyond the targeted zone.

Raglan purchased and should be producing in the coming weeks.

Purchase also includes 60tph plant, gold toom and other required equipment (thst Coco was warning a month or so ago may take ages to source at great cost).

New BOD put together with great mining experience (that Coco said was lacking a few months ago), bitcoin expertise, financing expertise and great experience ingeology and moving companies to production.

ECR has been restructured so tax losses can be used across all the ECR licenses.

Creswick JV agreed with DD underway.

So:

* New BOD

* Lolworth excellent drilling campaign/silver results

* Creswick JV agreed in principle

* Raglan purchase with imminent production

* BM drilling campaign proving commerciality.

*Equipment purchased which enables production at Raglan & BM

*Company funding completed until at least Q2 2026

Apart from thst not much achieved in 2025.

The same bunch of cowboys.... apart from the completely new (save from one board member) and more experienced BOD.

Delivered Raglan on time and positive Lolworth drilling results returned as promised.

If your going to deramp Andy at least have some semblence of credibility in what you say.

Production and revenue incoming!

And we were looking 'very,very commercial' at Blue Mountain on $2790 gold price production modelling 😀

Expected 2026 Operational Milestones

ECR enters the new year with a focused and deliverable plan:

· Raglan: Commencement of first alluvial gold production, following completion of acquisition, site preparation and mobilisation of personnel.

· Blue Mountain: Progression towards early-stage production, building on visible gold, expanding mineable corridors and further wash-plant trials.

· Operational integration between Raglan and Blue Mountain, seeking to establish a scalable, repeatable alluvial production model.

· Lolworth: Ongoing exploration for gold, silver and REE targets.

· Progression of the proposed Creswick JV discussions with Bold Gold.

· Strategic use of the aggregate A$76m of ECR and Raglan tax losses, expected to materially enhance early-stage future profitability for Raglan and Blue Mountain.