ECR Minerals plc (LSE:ECR) said it has assembled an experienced operating team and is preparing to commence initial mining at its recently acquired Raglan alluvial gold project in central Queensland. The company expects first gold production to be achieved before the end of January 2026, marking an important step in its evolution from pure exploration toward cash-generating operations.
Raglan is described as a low-capital, turnkey project, with all essential infrastructure, regulatory approvals and mining equipment already in place. Management believes this positions the operation to deliver early cash flow, which can be reinvested to advance ECR’s larger-scale Blue Mountain project and support development across its broader Queensland asset base. The timing is seen as favourable, with gold prices at historically elevated levels that could enhance both project economics and strategic optionality.
The move into production at Raglan underlines ECR Minerals’ strategy to balance near-term revenue generation with longer-term exploration upside. By leveraging existing assets and permits, the company aims to reduce execution risk while building a platform to fund future growth within its Australian gold portfolio.
More about ECR Minerals
ECR Minerals plc is a UK-listed mineral exploration and development company with a focus on gold projects in Australia. It operates through wholly owned subsidiaries in Victoria and Queensland and holds a diversified portfolio that includes the Bailieston, Creswick and Tambo projects in Victoria, alongside the Raglan and Blue Mountain alluvial gold projects and extensive exploration ground in the Lolworth Range and Kondaparinga areas of Queensland. The group also retains contingent payment rights from previously divested Victorian assets and has significant unutilised tax losses from earlier operations.
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