Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Investing

Transformational Acquisition of the High-Grade Elizabeth Hill Silver Project

by admin March 24, 2025
March 24, 2025
Transformational Acquisition of
the High-Grade Elizabeth Hill Silver Project

Errawarra Resources Ltd (ASX: ERW) (Errawarra or the Company) is delighted to announce that it has entered binding agreements (refer Acquisition Terms) pursuant to which the Company has acquired 70% of the historical Elizabeth Hill Silver Project (“Project” or “Elizabeth Hill”), 70% of the silver rights to the Pinderi Hills Project tenement package and 70% of the ownership of 3 tenements or tenement applications surrounding the silver project. This collective tenement package totalling 180km2 is in the Tier 1 mining jurisdiction of the Pilbara, Western Australia (Figure 2 – Project Location).

HIGHLIGHTS:

  • Transformational acquisition of the high-grade Elizabeth Hill Silver Project in the West Pilbara mining region of Western Australia
  • Acquisition agreed in conjunction with a $3 million placement to existing shareholders and new investors including major fund investors
  • Historical production of 1.2Moz Ag from 16kt ore (~2,194 g/t Ag head grade)1 over only 1 year of operation
  • Elizabeth Hill mining operations ceased in 2000 due to declining silver prices (~USD $5/oz)2
  • Requisite geology and structure present, with the Project located on a major ultramafic complex with multiple high grade silver drill intercepts including3:
    • 11.7 m @ 5,371 g/t Ag from 13m (21EHDD003)
    • 24 m @ 1,228 g/t Ag from 64m (AMEHRC009)
    • 43 m @ 370 g/t Ag from 0m (22AMC001); and
    • 24.8m @ 915 g/t Ag from 2m (21EHDD001)
  • Errawarra becomes the first explorer to consolidate the Elizabeth Hill Mine and the surrounding land package of 180km2, which covers additional highly prospective underexplored areas for silver mineralisation
  • Experienced precious metals geologist Mr. Robert Mosig has joined the board to assist in fast-tracking forward development and exploration activities at Elizabeth Hill
  • Highly respected ERM Consultants led by Mr Ian Stockton have already commenced analysis of the Elizabeth Hill geological setting including comparisons with analogous projects globally to assist in target generation
  • Project located on a granted mining lease (ML) and all the required exploration/drilling approvals are in place to fast track immediate drilling post site visit and target prioritisation

The Elizabeth Hill Project acquisition is conditional upon meeting the condition precedent and obtaining the relevant approvals, amongst others, Errawarra entering into separate joint venture agreements with Alien Metals Limited (Alien) (AIM: UFO) and GreenTech Metals Limited (GreenTech).

This transformational acquisition ensures that the Company is now underpinned by a high-grade historical producing silver asset, with significant resource growth potential and future low-cost operational opportunities in a Tier 1 global mining jurisdiction.

Chairman Thomas Reddicliffe commented:

“This is an exceptional opportunity for our shareholders, and we are fortunate to have secured an interest in the Elizabeth Hill Silver Project and extensions. This will enhance our existing exploration projects in the same region of Western Australia with the addition of an interest in a high-grade past producing silver asset with growth potential not previously tested.”

“The combination of existing high-grade silver intercepts signify growth potential and compelling exploration prospectivity at both near mine and regional targets. With Elizabeth Hill being located on an approved mining lease, this presents an opportunity for the Company to fast-track drilling and, if successful, mining supported by a buoyant silver market driven by strong investor demand and global issues.”

“We look forward to immediately getting work underway with regular news in the near future”.

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
HITIQ Shifts to Consumer Market with VAFA Partnership
next post
Further High-Grade Intercepts at Kamperman

Related Posts

Crypto Market Recap: Trump’s Crypto Moves Stir ECB...

February 8, 2025

Crypto Market Recap: Loopscale Faces US$5.8 Million Hack,...

April 30, 2025

Crypto Market Recap: Volatility Heats Up Midweek

February 6, 2025

Mawson Finland Announces Upsize of Brokered Private Placement

February 15, 2025

West High YieldResources Ltd. Announces Private Placement Offering,...

February 21, 2025

Juggernaut Exploration

June 14, 2025

Satellite Imagery and Gold Exploration

June 5, 2025

Canadian Investment Regulatory Organization Trade Resumption – AUMB

June 25, 2025

Justin Huhn: Uranium Game On — Supply “Mirage,”...

June 6, 2025

Sarama Completes Tranche 2 Options Placement

February 11, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Zelensky and European rights body establish tribunal to allow prosecution of Russian leaders

      June 27, 2025
    • They call it ‘Merzcron’: The EU’s Franco-German engine is powering up once again

      June 27, 2025
    • Germany scraps funding for sea rescues of migrants

      June 27, 2025
    • Israeli forces kill 15-year-old Palestinian boy after settlers attack West Bank towns, officials say

      June 27, 2025
    • Inside the NATO charm offensive that shocked as much as it delivered

      June 27, 2025
    • Japan executes ‘Twitter killer’ who murdered and dismembered nine people

      June 27, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved