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ECR Minerals PLC on Tuesday said it was confident in its Lolworth project as it emphasised ‘untapped potential of this under-explored region’. The exploration and development company focused on gold in Australia said so far nine samples returned gold values grater than nine parts per million of gold from the Lolworth gold & critical minerals project in north Queensland. Adam Jones, ECR’s chief geologist, said: ‘These latest results from the Lolworth project reinforce our confidence in the project’s gold and critical minerals potential. The discovery of high-grade gold samples in new areas, along with potentially significant niobium-tantalum values, highlights the untapped potential of this under-explored region. We look forward to further defining these targets through drilling in 2025.’ Last week Monday, ECR Minerals highlighted preparations to bring the blue mountain project. It said that talks for the sale of Mercator Gold Australia Pty Ltd were ongoing, with a target completion of February 28. ‘ECR expects to re-start the field campaign in Lolworth in the second quarter of 2025, drawing on the company’s partnership with the Geological Survey of Queensland and James Cook University, whose respective surveys will provide the company with further data points on the project area,’ the company said at the time. ECR Minerals shares fell 3.6% to 0.27 pence each on Tuesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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