ECR Minerals (LSE:ECR) has been granted a new exploration licence in Victoria’s Gippsland region, significantly increasing the scale of its Tambo gold project. The newly awarded EL007486 licence, known as Tambo South, covers 322 square kilometres of predominantly Crown land and runs for an initial five-year term. The tenement borders the company’s existing Tambo licence, creating a continuous 47-kilometre strike length, and is supported by a Native Title agreement with the Gunai-Kaurnai People.
Historical exploration data suggests the Tambo South area hosts multiple mineralisation opportunities, including gold, tungsten and copper. Identified targets include potential extensions of the Haunted Stream shear zone, former wolframite workings at Tambo Crossing, base metal anomalies near Mt Elizabeth and largely unexplored alluvial gold prospects at Shady Creek and Peters Creek. ECR plans to begin early-stage exploration activities such as stream sediment and rock-chip sampling alongside LIDAR surveys focused on mapped and interpreted shear zones. The company views the licence as an important opportunity to broaden its presence within the increasingly active Gippsland exploration district, while continuing development work at its Raglan, Blue Mountain and Lolworth assets in Queensland.
More about ECR Minerals
ECR Minerals is a UK-listed exploration and development company focused primarily on gold projects in Australia, operating through three wholly owned subsidiaries across Victoria and Queensland. Its Victorian portfolio includes the Bailieston, Creswick and Tambo gold projects, while Queensland assets include the Raglan and Blue Mountain alluvial gold projects and extensive exploration ground at the Lolworth Range.
The company is working to advance Raglan and Blue Mountain toward production while progressing additional exploration licences such as Kondaparinga in North Queensland. ECR also retains contingent payment rights linked to the sale of former Victorian assets to Fosterville South and Leviathan Gold, and holds significant unused tax losses in Australia that could support future project economics.
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