ECR Minerals PLC - gold exploration and development company focused on Australia - On Tuesday says its $402,957 purchase of a new multi-purpose drilling rig, Cortech CMR1000, is now complete. Says the completion follows the agreement of a discount, which the firm says is ‘competitive and attractive’ without providing details. Says arrangements are currently being made for the rig to be loaded onto a ship for delivery to Melbourne Port.

ECR Chief Executive Officer Andrew Haythorpe says: ‘I believe the new Cortech, multi-purpose rig will significantly enhance our on-the-ground capabilities, offering both [reverse circulation] and diamond drilling systems.’

Current stock price: 0.62 pence

12-month change: down 62%

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