ECR Minerals Research Report July 2025

Bailieston Located in the gold-rich Melbourne Zone of Victoria, Bailieston has recently emerged as a new source of potential value for ECR. This time, however, the focus is primarily antimony rather than gold. Following re-analysis of historical drill core in 2024, ECR identified a zone grading 32% antimony over 0.3m. Encouraged by this, it began a targeted field programme combining rock chip sampling, pXRF analysis, and follow-up diamond drilling. Though the recent drill campaign didn’t replicate the same high grades, all four holes successfully intercepted the same structural zone seen in the historic hole. This confirmed its continuity. And early analysis suggests the antimony mineralisation may be controlled by secondary structures not yet defined, providing guidance for future targeting. With antimony prices continuing to climb, driven by its use in solar and defence applications, any future discoveries at Bailieston could be highly valuable. ECR is now undertaking detailed geological analysis to refine its exploration model ahead of follow-up work. Drilling at ECR’s Bailieston project 6

RkJQdWJsaXNoZXIy NTYzMzA=