Member Info for TalkingSense

BH, Good to have you back with us.

Yes, The market is beginning to catch on.

Don't know if everyone got the the first set of BM drilling was from an area not previously identified and those results were commercial grade....and looks like that area may lead from a secondary gold source.

Creswick JV'd with a free ride

Baillieston to follow (hopefully)

BM looking "very, very commercial" ...initial estimates were between $6m and $15m per year dependent on washplant size (and POG has gone up since).

Lolworth is always the 'beast' that I was ultimately invested for so good to see drilling started there.

Next of the RNS taxi rank (that we know of)

Lolworth drilling completion & results (expecta few posts from the company on X during the drilling)

BM 2nd set of drilling results

BM washplant testing update/results

Then updated revenue forecast /commercial plan , including which capacity of washplant they will go with.

Then it's Mining License application

Of course with the new appointments there could be more JV, acquisition and BTC strategy updates as well.

Plenty of upside/progress to come

A great opportunity to progress a mostly forgotten resource at Creswick with little/no expense to the company.

BM progressing well with first drilling results 'exceeding expectations' and washplant recovery testing underway......Interest production party interested in grades above 0.15g/bcm and we were just over double that on average in the first set of results with Bm looking "Very, Very commercial"

Lolworth starting to be drilled after numerous at surface results , hoping sub surface will be the same (at 900km2 Lolworth is a huge prospect) and Rare Earths also found at Lolwoth.

And on top of that ECR have recently recruited some big hitters on board which points to a solid long term plan (these guys aren't going to join a minnow like ECR if they don't believe it has huge potential).

Anyway enough from me ....I'll let the one line % change commentators take over again :-)

Listen to a quick 3 minute view 'reading between the lines' of yesterday's announcement ...interesting.

https://x.com/DDS_DocHoliday/status/1967871193253654704?t=EGtrBVFTrP2HXhzRUQS1SA&s=19

3CB, The revenue projections the company produced were based on $3290 gold price so c$400 lower than the current price, so plenty of headroom on those figures/additional if the price stays/increases on current levels.

And with a resource depth only 4m I would expect the cost of extraction to be comparatively minimal so should have a decent margin.

The general consensus on reports I've read is POG is set to increase further (let's hope they are right ;-)

Morning 3card.

I don't think anyone has claimed that yesterday's grades were amazing.....but they didn't have to be (only short term traders were disappointed as they didn't get a quick return).

What a lot of people failed to grasp yesterday was that Lower Pattison is actually an extension to the resource and a 'bonus' on top of the original identified areas.

Also there was an example from a poster around opening that bcm was a third of g/tonne that was basically untrue.

Nick stated that a prospective partner had stated that they would be interested in the project over 0.15 g/bcm , which if you average out the results yesterday we were about double that figure so was a good set of results.

Some posters talked down the results yesterday which were commercial. They can be 'modest' compared to hard rock grades, as long as they are commercial and enable ECR to progress towards a production model ....and as Nick said in the interview yesterday BM is looking 'very, very commercial'

Many people don't get that t his is a very shallow alluvial prospect so doesn't need 1 or 2 g/t like a hard rock resource. It is very low cost extraction ...simply put, trench 1-4m of earth and wash.

ECR still on track for a very, very commercial resource at BM with the second set of results due within the next month from the main identified resource area where they have found coarse gold.

During that time the washplant is operating to assess recovery rates and that means that very soon after the second set of results are received the company should be quickly able to put together a resource estimate, commercial plan and get the application in for the full mining license.

in summary : All is on, or slightly ahead of track with the commercial production runway at Blue Mountain.

Courtesy of BBN on X:

#ECR adding more color to today’s Blue Mountain assays RNS.

As I said this morning the Lower Patterson area is helping grow the Blue Mountain project. Yet the market sells off like these results were core to its whole success. It shows that too many bought in without researching properly.

But even better the assay results are still deemed “very very commercial“ even at 0.15 grams. By my calcs the 17 results combined average out at 0.36 grams. So more than double.

The main zone results are still to come and hold visible coarse gold. Hence why I keep repeating my excitement over them. They are just weeks away.

But even before that the signal from management is that Blue Mountain will go into commercial production and keep ECR busy for many years.

His55, The $13m was based on a gold price of $3290....gold is still rising $3680....so that would raise the estimate to over $17m a year.

Sounds 'very, very commercial' to me.

These big hitters that have recently joined the BOD at ECR are not joining the company unless they know there is serious expansion possible in the future......and that will be funded by BM

Interview summary:

* Lower Pattison is a new area previously unmined - very prospective and consistent results - new extension of previous BM resource area

* Next step is put through washplant to confirm it's a "very, very" commercial prospect

Today's announcement is step towards proving BM is commercial

BM has attracted interest from production partner who has stated above 0.15 grade would be commercial/of interest to them.(**that would explain why that grade was quoted in the RNS).

Plan is to produce gold , very significant long term prospect ...may take smaller mining license which would be quicker , but bigger license may be better option which will take longer.

Potential at BM "Is getting bigger"

Wow, 20% drop .

I don't think the RNS warrants that at all....but I'll accept a nice top up opportunity

And many more....but for balance don't forget the persistent derampers on X and here:

The Other account, Harry- Aim, Sausaugeisadick/Cocopops & James to name a few....the usual.

In the world of social media there are many keyboard warriors and manipulators (and some just sad people). Such is the world.

Best to listen to the interviews, read the RNSs and do your own research ....at the end of the day it's you that takes the losses and makes the profits .....No-one else is to blame/ take the credit.

3card....In the wild west that is AIm the SP frequently lies...lol

Full of manipulation and manipulators like posters who turn up claiming poor grades at market opening just after an RNS to promote a negative narrative for example ;-)

At the end of the day the RNS met company expectations so any negative spin on that is just that ....spin.

SP will bounce back quickly enough here as the longer term prospects take over again and investors realise that today's RNS was actually a positive one as it confirms another step alog the path ECR has set out towards being a producer in 2026.

Next set of news expected are:

Lolworth drilling programme start confirmation

Blue Mountain results (set 2)

Washplant recovery rates

Once we have BM2 and washplant recovery rates then the full potential of BM will be fully known.

Oh Coco....you've replied with the wrong account again, you asked the question with the Sausage account.

Again you've resorted to abuse once you cannot form a reasonable argument.

The grades are not poor. They are as, or above expectations of the company (as stated in the RNS).

Please give a explanation of why you consider them poor.

Nick has stated that production will be in 2026 so no failure there (check out his recent email reply and interviews) and ECR are still on track for their timeline.

We know you use multiple accounts.....and I'm not Scott....I'm actually Mke Whitlow....🤣🤣🤣 (joking of course)

Sausage,

To get to a commercial plan and resource estimate they heed to do testing (Please tell me how you would proceed without testing?)/

As previously stated they would complete the drilling programme (now completed) and then run the washplants to confirm recovery rates , which is underway at the moment.

The results of these will enable a resource estimate, commercial plan with revenue forecast and enable the decision on the size of washplant....all of which enables the full mining license application with production starting in 2026.

All of this is aligned with the plans and timelines that have been communicated by the company and are not 'extra' testing as you seem to infer.

The grades today were as/or above the companies expectations and the roadway to production that the company has previously laid out is being followed and is not off course.

A few traders didn't get the bonanza RNS they were hoping for and have sold out for their next quick win. Meanwhile those holding for the mid/long term should be happy with today's RNS as it keeps us on (or slightly ahead) of expectations and timelines.

I have taken the opportunity to add a few more.

Is it too complicated for you Coco/Sausage.

Results on on the same basis as the revenue estimates.....not complicated.

Still on track for production in 2026 as per Nick's last interview

Because it's not an official resource estimate

For clarity :

g/bcm (grams per bank cubic metre)

"Bank cubic metre" (bcm) refers to the volume of material in its natural, undisturbed state BEFORE excavation.

g/bcm expresses how many grams of a substance (e.g., metal) are present per cubic metre of in-situ material.

This is a volumetric grade.

Remember the $1.3m a month revenue estimate was based on 0.6 bcm. So the current results are at least in line with expectations (BOD say they are exceeding).

This is on the same bcm basis and there is no 'thirding' required for comparison.

Https://x.com/ecrminerals/status/1966383680638828615?t=wTcF_yiwCBBUPEwk1jESzQ&s=19

Gold $3641 (up almost 45% in a year).

Applying that to the company released revenue estimate for a 60tph washplant operating at BM the annual revenue would be......

$17.33m per year

As usual you are a little confused ....James had the 2p average.

I think we will be half way to that mark at the end of the year though.