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ECR Minerals secures more due diligence time for Itogon asset

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ECR Minerals (LON:ECR) said the due diligence period for its potential joint venture with Tiger International Resources has been extended.

Details of the earn-in and joint venture agreement with Tiger on the Itogon asset, a gold-silver project in the Philippines. were announced on 29 April, with the due diligence period set to close 60 days after that date; that period has now been extended to 90 days.

ECR said that, although its due diligence is well advanced, more time is necessary to complete all the necessary procedures.

Quick facts: ECR Minerals PLC

Price: 1.9 GBX

AIM:ECR
Market: AIM
Market Cap: £12.18 m
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