12 months on
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During the 3rd Quarter (January – March 2025):
• Elizabeth Hill Silver Project: Errawarra has acquired 70% of the historical Elizabeth Hill Silver Project, 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.
=〉 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.
=〉 Elizabeth Hill, one of Australia’s high-grade silver projects has a proven production history which included the recovery of numerous nuggets.
=〉 1.2Moz of silver was produced from just 16,830t of ore at a head grade of 2,194g/t (70 oz/t Ag).
=〉 Elizabeth Hill hosts high grade silver mineralisation which was confirmed by limited recent drilling completed by Alien Metals Ltd
=〉 Growth potential through regional targeting for look-a-like Elizabeth Hill silver deposits within large 180km2 land package.
=〉 Field programs comprising soil sampling and mapping have commenced aimed at identifying Elizabeth Hill look-a-like silver targets for drill testing.
• Errabiddy Falcon JV: During the quarter Falcon Metals undertook initial reconnaissance activities on tenement E09/2457 with a focus on the Olsen Well gold anomaly.
• Other Projects: Due to the focus on the acquisition of the Elizabeth Hill Silver Project no field activities were undertaken on the company’s other exploration projects.
• Corporate:
=〉 ERW has strong cash position with Tranche 1 funds of $631,264 received from $3M capital raise announced on 01 April 2025. Tranche 2 which will comprise the balance of the $3M capital raise is subject to shareholder approval at a General Meeting to be held on 19 May 2025.
=〉 The Company had $618,800 in cash and securities on hand as of 31 March 2025.
no mention of Gallium
