LONDON (ShareCast) - (Sharecast News) - Exploration and development firm ECR Minerals said on Friday that it has entered into a collaboration agreement with James Cook University in Queensland to further explore the potential for rare earth elements within its Lolworth Project area.
ECR stated that following approval of funding for the project by the Trailblazer Steering Committee, the collaboration will see JCU recruit post-doctoral researchers and PhD students to form a dedicated team. Under the terms of the collaboration agreement, all data generated through the collaboration will be shared with ECR, further strengthening its technical insights into the region.

ECR added that it was pleased to support JCU in the research initiative, but noted that the pace of its broader technical development across the wider Lolworth Project area would continue to be driven by its own technical team and exploration priorities.

Managing director Mike Whitlow said: "We are thrilled to see further validation of our projects in Queensland, in particular the Lolworth Project, through this exciting collaboration with James Cook University. This partnership, which is fully funded by JCU, not only underscores the growing interest in the Lolworth Project region, but also expands our technical understanding of a fast-emerging area of interest.

"Combined with our existing collaboration with the Geological Survey of Queensland, this initiative places ECR in a stronger position to potentially unlock the Lolworth Project's REE potential and create significant shareholder value."

As of 1000 GMT, ECR shares were down 1.59% at 0315p.









Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE