East Coast Minerals NL Shares on Issue 47,709,334 Price (previous close in cents) 7.4 Market Cap ($) 3,530,491
The recent announcement of new silver and base metal targets being discovered at Elizabeth Hill is very exciting for the Company. By using a new method of electro-magnetic surveying we have found a number of anomalies; three of which, we believe, may have the potential to be at least as promising as the original Elizabeth Hill mine. We also announced on 9 February that the Company had entered into an option to acquire a 51% interest in an Underground Coal Gasification (UCG) company called Energie Future Pty Limited. This is a unique opportunity for the Company to be a participant in the exciting UCG sector with the potential to acquire world class resources and operate with world class partners. It is our expectation that we will exercise this option on 18 May. We will be actively involved in Energie Future helping it to reach its potential and we expect our investment in money, time and expertise will be well rewarded. To better inform shareholders and give them the opportunity to ask questions about the projects and/or the Company we plan to organise an informal presentation. If you are interested, please email [email protected] leaving your name, phone number and email address. All our staff are working diligently to create shareholder value in East Coast and we are confident that our silver and UCG projects give the company significant future potential.
ECM Price at posting:
8.0¢ Sentiment: LT Buy Disclosure: Held
