Echo Resources Limited

Equities

EAR

AU000000EAR9

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2019	Northern Star Resources Limited completed the acquisition of remaining 78.3% stake in Echo Resources Limited from Alistair Cowden, Anthony McIntosh, Mark Hanlon, Victor Rajasooriar and others.	CI
2019	Echo Resources Limited(ASX:EAR) dropped from S&P/ASX Emerging Companies Index	CI

Echo Resources Limited Announces Completion of the Yandal Gold Project Bankable Feasibility Study

August 05, 2018 at 11:54 pm

Echo Resources Limited announced the completion of the Yandal Gold Project Bankable Feasibility Study (`BFS') and its approval by the Echo Board of Directors. The BFS contemplates a two-stage project. The Echo Board has conditionally approved the development of Stage 1, subject to obtaining a suitable financing solution and all required statutory approvals. The BFS incorporates the mining of ore from the Orelia and Julius gold deposits and processing undertaken at the refurbished Bronzewing process plant based upon an annual throughput of 1.8 million tonnes. The Study includes an updated JORC (2012) compliant Ore Reserve for the Orelia gold deposit following the recently announced revised Mineral Resource estimate for that deposit. The Yandal Gold Project is located approximately 83km northeast of Leinster in the heart of the Yandal gold belt in Western Australia. The Yandal gold belt was first discovered in the 1980's and has been home to a number of multi-million ounce discoveries. The Yandal Gold Project consists of over 1,600km of prospective tenement holdings. This Study anticipates the refurbishment of the Bronzewing processing plant and existing infrastructure plus the staged mining of the Orelia and Julius gold deposits. The Yandal Gold Project is currently host to Mineral Resource estimates totaling approximately 1.7Moz of gold. Of the total Mineral Resource estimates, 1.4Moz is contained within the Orelia and Julius gold deposits. Of those contained ounces within the Orelia and Julius gold deposits, 26% are now classified as Measured and 83% as Measured and Indicated. As part of the BFS the Orelia and Julius Ore Reserves were updated. The Orelia orebody in particular lends itself to a staged approach. The pit staging aims to exploit the highest value, lowest strip ore in the earlier phases of mining. This has the effect of accelerating economic returns, minimizing capital payback timeframes and delivering maximum operating and financial flexibility. The mining schedule has been predicated on providing sufficient ore to the mill to ensure it is run at an annual throughput rate of 1.8 million tonnes per annum, while being constrained by mining fleet capacity, practical development and vertical advance rates. The Study assumes contract mining utilising standard equipment appropriate to the scale of operations planned.

Latest news about Echo Resources Limited

Northern Star Resources Limited completed the acquisition of remaining 78.3% stake in Echo Resources Limited from Alistair Cowden, Anthony McIntosh, Mark Hanlon, Victor Rajasooriar and others.	10/11/19	CI
Echo Resources Limited(ASX:EAR) dropped from S&P/ASX Emerging Companies Index	04/11/19	CI
Echo Resources Limited Announces the Cessation of Timothy Marcus Stephen Hanlon as Director	16/10/19	CI
Echo Resources Limited Provides an Exploration Update for the Yandal Gold Project in Western Australia	16/10/19	CI
Echo Resources Limited Announces Management Changes	15/10/19	CI
Metaliko Resources Limited Reports Earnings Results for the Full Year Ended June 30, 2019	13/09/19	CI
Northern Star Resources Limited entered into a bid implementation agreement to acquire remaining 78.3% stake in Echo Resources Limited from Alistair Cowden, Anthony McIntosh, Mark Hanlon, Victor Rajasooriar and others for approximately AUD 180 million.	26/08/19	CI
Echo Resources Limited Provides Exploration Update for the Yandal Gold Project in Western Australia	26/08/19	CI
Echo Resources Limited Announces the Appointment of Alistair Cowden as Director Effective from 1 August 2019	04/08/19	CI
Echo Resources Limited Announces the Cessation of Barry Bolitho as Director	02/08/19	CI
Echo Resources Limited Announces Executive Changes	31/07/19	CI
Echo Resources Limited Provides an Exploration Update for the Yandal Gold Project	10/07/19	CI
Echo Resources Limited Provides an Updated Mineral Resource Estimate for the 70% Owned Mt Joel Project	24/06/19	CI
Echo Resources Limited Announces Exploration Growth Strategy of Yandal Gold Project	28/04/19	CI
Echo Resources Limited Provides Update in Relation to the Revised Bankable Feasibility Study	27/03/19	CI
Echo Resources Limited Announces Unaudited Consolidated Earnings Results for the Half Year Ended December 31, 2018	14/03/19	CI
Echo Resources Limited Executes Native Title Agreement with Tarlka Matuwa Piarku (Aboriginal Corporation)	13/03/19	CI
Echo Resources Limited Receives Mining Approval from the West Australian Department of Mines, Industry Regulation and Safety	04/03/19	CI
Echo Resources Limited Announces Outstanding Drilling Results At the Mt Joel Gold Project	07/02/19	CI
Echo Resources Limited Announces Appointment of Richard Hill as Chief Financial Officer	23/01/19	CI
Echo Resources Limited Announces Latest Results from Air Core Drilling at Mt Joel Gold District Within the Yandal Gold Project	20/12/18	CI
Echo Resources Limited Announces Management Changes	17/12/18	CI
Echo Resources Limited announced that it has received AUD 4 million in funding from MACA Limited, Northern Star Resources Limited	16/12/18	CI
Echo Resources Limited announced that it expects to receive AUD 4 million in funding from MACA Limited, Northern Star Resources Limited	05/12/18	CI
Echo Resources Limited Announces Exploration Results at the Mt Joel	29/11/18	CI

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Company Profile

Echo Resources Limited is an Australia-based company engaged in exploration for mineral resources. The Company is focused on Gold in the Yandal Belt region of Western Australia. The Yandal Gold Project is located in the northern part of the Eastern Goldfields, and hosts the Julius Gold Project, as well as a range of prospective targets. The Company holds approximately 915 square kilometers tenement package across the Yandal Gold Province. The Julius Gold Project is located approximately 450 kilometers north of Kalgoorlie and over 70 kilometers east of Wiluna. The Zaphod Prospect is located within the southern part of the tenement package and within approximately 10 kilometers of multi-million ounce Gold deposits. The Company has also identified a range of regional targets at the Yandal Project. The regional prospects include Tipperary, Wimbledon, Bill's Find, Orpheus and Shady Well.

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