ECR Minerals (LSE:ECR) has reported a positive outcome from its technical due diligence site visit to the Raglan Project, a fully permitted alluvial gold project in Queensland, Australia. The acquisition, which includes a mining lease and turnkey infrastructure, is expected to strengthen ECR’s portfolio by providing near-term production potential and exploration opportunities. The Raglan Project adds a valuable asset with potential cash flow, complementing the company’s existing projects and supporting its strategy to develop a pipeline of lower-capex, higher-margin gold assets.
About ECR Minerals
ECR Minerals is a mineral exploration and development company operating through its wholly owned Australian subsidiaries, ECR Minerals (Australia) Pty Ltd and ECR Minerals (Queensland) Pty Ltd. The company focuses on gold projects in Australia, with key assets including the Blue Mountain and Lolworth projects in Victoria and Queensland.
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