(NewsDirect)
ECR Minerals PLC managing director NickTulloch speaks to Thomas Warner from Proactive after the mineralexploration and development company announced it intends to revisitits assets in Victoria, with fresh drilling expected before the end of2023.
The interview began withTulloch explaining the decision, emphasising the compelling prospectsin the region as demonstrated by noteworthy results from SouthernCross Gold in the same general area.
Addressing the financial aspect of the drilling campaign,Tulloch saids that the funds raised a couple of months ago would fullycover the expenses for the near-term exploration. Additionally, thecompany is considering selling underutilised or unnecessary miningequipment to generate additional funds for business progression.
The discussion then shifted tofinancial matters, with Tulloch elaborating on the extension of thesalary sacrifice scheme. Some members of the board have agreed to take£10,000 each in shares instead of salary.
Tulloch expressedhis satisfaction with his first few months in the MD role, noting thestrategic decisions made, including the choice not to proceed with theHurricane project in Queensland, and highlighted the company'sfocused approach to areas that offer the most significantopportunities.
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