ECR Minerals

ECR Minerals plc is a mineral development company with interests in Argentina, the USA, Indonesia, Thailand and Australia. Our projects and interests encompass a range of commodities with a particular focus on gold and base metals.

ECR shares are listed on the Alternative Investment Market (AIM) of the London Stock Exchange with the symbol ECR and are also traded on PLUS Markets. ECR’s American Depositary Receipts (ADRs) are traded in the USA on an over the counter (OTC) basis with the symbol MTDGY.

Projects and Investments:

ACS Asia: Asia-Pacific Focused Metal Products Business

ECR holds a 70% economic interest in ACS Asia, an Asia Pacific focused metal products business with a modern facility in Rayong, Thailand.

ACS Asia’s core product lines are electrical and mechanical support systems, for use with cables and pipes within major structures. Significant buyers of these products include the mining, infrastructure and general large commercial construction sectors.

Sierra de las Minas and Los Aquirres Projects - Gold and Base Metal Exploration in Argentina

ECR holds a 100% interest in the Sierra de las Minas and Los Aquirres gold/base metal project areas in La Rioja Province, Argentina.

The Sierra de las Minas project area covers approximately 75,000 hectares with numerous historic small scale gold mining areas, and the Los Aquirres project area extends over approximately 5,000 hectares and is located around 50km due north and along strike from Sierra de las Minas.

The primary style of mineralisation in the Sierra de las Minas project area is mesothermal/epithermal gold, frequently with copper and silver. A large quantity of data is available from previous exploration.

Exploration targets identified within the Sierra de las Minas project area may offer scope for the definition of high grade, smaller tonnage deposits suitable for early development to production.

Key prospects within the Sierra de las Minas project area include the El Abra historic small scale gold mine, which comprises three exploitation concessions covering approximately 18 hectares; ECR also holds an additional exploitation concession approximately 10km away.

Mineralisation at El Abra occurs as quartz veins from a few centimetres to a few metres wide and locally containing very high gold values. The altered margins are also auriferous, and the combination of veins and margins has been worked to widths of several metres in some areas.

A 2010 geochemical sample at El Abra returned a grade of 84.6g/t gold.

Meekatharra Gold Project

Mercator Gold Australia Pty Ltd (MGA), a wholly owned subsidiary of ECR incorporated in Australia, entered voluntary administration in late 2008 as a result of financial distress arising from difficulties encountered by gold mining operations at the Meekatharra gold project in Western Australia.

A sale of the Meekatharra gold project to Reed Resources Ltd was agreed by the administrators of MGA in January 2011.

For more information please visit: www.reedresources.com.

Paniai Gold Project - Near Term Gold Production in Indonesia

Proposed Alluvial Gold Mining Operations and Exciting Regional Exploration Possibilities 

in Papua Province, Indonesia

ECR holds 50 million shares in Paniai Gold Ltd, a private Australian company founded as a vehicle for the Derewo River gold project in Papua Province, Indonesia.

Paniai has agreed to sell the Derewo River project to West Wits Mining Ltd (ASX: WWI) for a package of ordinary shares, performance shares and options.

The Derewo River project consists of a granted 40 hectare mining licence, an application for a further 491 hectare mining licence, and exploration licence applications extending over 129,000 hectares. The project was established as a joint venture between Paniai and a local party (for details of terms please see ECR regulatory announcements).

Large amounts of gold have been extracted at Derewo River in recent years by local miners using only primitive techniques. The objectives of the Derewo River project are to establish a more sophisticated alluvial gold mining operation and to explore a wider area for alluvial and hardrock deposits.

Indonesia’s Papua Province may be considered to be one of the world’s most prospective areas for mineral exploration, and the Derewo River project is located approximately 100km from the Grasberg copper-gold mine operated by Freeport McMoRan Copper & Gold.

Silver Swan Group - Exploration Success in Western Australia

An ASX Listed Base Metals Exploration Company Active in Western Australia

ECR holds 4 million performance shares of Silver Swan Group Ltd. These convert to ordinary shares if Silver Swan identifies JORC Indicated Mineral Resources of 350,000oz gold equivalent or more on mineral tenements in Western Australia that were acquired from ECR in 2008.

Silver Swan has made a volcanogenic massive sulphide (VMS) type copper-zinc-gold-silver discovery, the Austin deposit, on former ECR tenements, and exploration is continuing.

For more information please visit: www.silverswangroup.com.au.

THEMAC Resources Group - Returning the Copper Flat Mine to Production

The Copper Flat project is a former producing copper-molybdenum-gold-silver mine with major civil infrastructure still in place.

In March 2011, THEMAC Resources Group Ltd (TSXV: MAC) acquired ECR’s exclusive option over a 100% ownership interest in the Copper Flat project, giving ECR a 19.5% shareholding in THEMAC (22% fully diluted).

THEMAC is backed by Australian mining services entrepreneur Kevin Maloney, founder of The MAC Services Group, a substantial Australian provider of remote area mining accommodation and services acquired for cash in late 2010 by NYSE listed Oil States International.

THEMAC intends to return the Copper Flat mine to production, subject to successful negotiation of the necessary feasibility, financing and permitting stages.

Warm Springs Solar Project - Ideally Located for Solar Development

Proposed Solar Power Development in New Mexico

Warm Springs Renewable Energy Corporation (WSREC), a subsidiary of ECR, is seeking to develop a solar power plant in New Mexico, USA in conjunction with the proposed restart of the Copper Flat copper-molybdenum-gold-silver mine being developed by THEMAC Resources Group Ltd, in which ECR has a substantial interest.

Michael Bernard Silver

Executive Chairman

Michael Silver was appointed Executive Chairman on 28 July 2008. A civil engineer, Mr Silver is a Member of the Institution of Engineers of Australia and has thirty years of experience in the mining industry. He founded a substantial contract mining company in Australia, operating in mineral sands, coal, copper, iron ore, sapphires and tin, and as the original contract miner at the Telfer gold-copper mine in Western Australia.

Previous mine development roles include:

Developing the Nevoria gold mine in Western Australia for Southern Goldfields

Assembling the development team for the Coliseum gold mine in California

Developing the Tolukuma gold mine in Papua New Guinea for Dome Resources

Mr Silver also has industrial experience as owner of numerous metal fabrication businesses.

Patrick Aloysius Harford

Managing Director

Patrick Harford was appointed Managing Director on 22 March 2004. He graduated with Honours in Geomorphology from Melbourne University in 1973.

Past senior management roles include:

Grants Patch Mining (Managing Director), which operated a 10Mt gold tailings retreatment operation in Western Australia producing 750,000oz gold

Zapopan (Managing Director), which participated in the discovery and development of the Mt Todd and Tanami gold mines in Australia’s Northern Territory

Auridiam Consolidated, which developed the 2Mtpa River Ranch diamond mine. The River Ranch mine produced in excess of 500,000 carats per annum

Stephen Clayson

Executive Director and Chief Financial Officer

Stephen Clayson has been Chief Financial Officer of ECR since September 2010, and was extensively involved in the Company’s affairs for some two years prior to his appointment as Chief Financial Officer. He has acquired substantial experience in the mineral exploration and development sector and in the operations of listed companies since 2006.

Luca Tenuta

Non-Executive Director

Luca Tenuta has over 10 years of experience in financial and corporate matters. He started his career as a credit and risk analyst for Banca Intesa London (today San Paolo IMI) and Credit Suisse First Boston. During his time in banking he was responsible for European aerospace and defence, engineering and energy companies and structured debt/equity transactions for non-investment grade counterparties. He subsequently gained experience in the natural resources sector as CEO of Uranio AG and of Worldwide Natural Resources plc. He is currently Chairman of Ecovista plc, a company listed on PLUS, and is active in the international property sector.

Luca holds an MA in Economics and Finance from Universita’ La Sapienza in Rome. He is also an FSA approved person with the designation CF30.