ECR Minerals plc (LSE:ECR) released its audited results for the year ended 30 September 2025, reporting a total comprehensive loss of £1.30m, slightly higher than the previous year. The increase was largely attributed to administrative expenses, while net assets remained broadly stable at £5.16m.
The company has distributed its annual report and notice of its upcoming annual general meeting to shareholders. The AGM is scheduled to take place in London on 27 March 2025.
Chairman Nick Tulloch said the group is moving beyond its previous focus on exploration and is positioning itself as a near-term gold producer. Progress has been made on the Raglan and Blue Mountain alluvial projects, while exploration and development activities continue across the company’s broader portfolio in Victoria and Queensland.
Management also pointed to a strengthened financial position following a £1.5m equity placing completed in January 2026. The company believes its portfolio provides leverage to strong gold and silver prices, and it intends to retain operational control of its projects rather than farm them out, with the aim of capturing greater long-term value as production ramps up.
More about ECR Minerals
ECR Minerals plc is a UK-listed mineral exploration and development company focused on gold assets in Australia. Operating through three wholly owned subsidiaries, its portfolio includes the Bailieston, Creswick and Tambo gold projects in Victoria, as well as the Raglan and Blue Mountain alluvial gold projects and extensive exploration licences at Lolworth and Kondaparinga in Queensland. The group also retains contingent payment rights linked to previously divested Victorian assets and holds significant unutilised Australian tax losses.
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