REG - ECR Minerals PLC - ECR's Raglan Project to enter production phase

ECR MineralsAnnouncement

07/01/2026 07:00

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RNS Number : 8992N  ECR Minerals PLC  07 January 2026

 

 

7 January 2026

 

ECR MINERALS PLC

 

("ECR Minerals", "ECR" or the "Company")

 

ECR Minerals' Raglan Project to enter production phase

 

Raglan operating team secured, initial gold expected this month

 

ECR Minerals plc (AIM: ECR), the gold exploration and development company
focused on Australia, is pleased to announce that the Company has secured an
experienced team to commence initial mining operations at its Raglan alluvial
gold project in Queensland (the "Raglan Project").

 

With the operating team secured, and all site infrastructure, wash plant and
mobile fleet already onsite, ECR now expects initial gold production before
the end of January 2026, marking the Company's transition into a
revenue-generating gold producer.

 

This development follows completion in December 2025 of ECR's acquisition of
the Raglan Project, a fully permitted, turnkey alluvial gold mining project.

 

Highlights

·      Operating team secured and commercial terms agreed, enabling the
commencement of mining in the coming weeks

·      First gold production expected before the end of January 2026

·      Raglan Project positioned to provide early cashflow, intended to
support in due course ECR's larger Blue Mountain project and the wider
Queensland portfolio

·      All key infrastructure, equipment and permits already in place,
expected to enable an efficient ramp-up of operations at the Raglan Project

·      Strong gold prices create favourable market conditions for ECR's
assets

 

Background on the Raglan Project

The Raglan Project (ML 3665) is a fully permitted alluvial gold mining
operation located in central Queensland, Australia. Recently acquired by ECR
Minerals, the Raglan Project includes a near-new 60 tonne-per-hour wash plant,
a fully equipped gold room, established water supply, accommodation camp,
mobile mining fleet and complete site infrastructure, providing a true turnkey
mining solution. Positioned within an established gold-producing district, the
Raglan Project potentially offers a low-capex, rapid pathway to production.
The Raglan Project is also strategically located close to ECR's Blue Mountain
alluvial project, enabling potential operational synergies across the
Company's growing Queensland hub.

 

ECR Chairman, Nick Tulloch, commented: "Securing our operating team is the
final major step to bring the Raglan Project into production, and I am
thrilled that we can now set a clear expectation of initial gold production
before the end of January 2026. This is a pivotal moment in ECR's journey. The
Raglan Project gives us a low-capex, near-term route into gold production, and
the revenues which we ultimately anticipate should be able to support the
development of our broader Queensland portfolio - most notably the much larger
Blue Mountain project.

 

"Momentum across the Company has been pleasing in recent months, from strong
maiden drill results at the Lolworth project confirming a gold-silver system,
to completing the acquisition of the Raglan Project. With current gold prices
sitting at historically high levels, the Raglan Project has the potential to
be a profitable project, generating meaningful cashflow in due course that can
be reinvested across the business.

 

"We entered 2026 with confidence and a clear operational plan. I look forward
to updating shareholders as we move into production and begin generating
cashflow for the first time in ECR's history."

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

 ECR Minerals Plc                                                                                                                                                                                                                                   Tel: +44 (0) 20 8080 8176
 Nick Tulloch, Chairman                                                                                                                                                                                                                             info@ecrminerals.com (mailto:info@ecrminerals.com)

 Andrew Scott, Director

 Website: www.ecrminerals.com
 (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ecrminerals.com%2F&esheet=51817334&newsitemid=20180605005810&lan=en-US&anchor=www.ecrminerals.com&index=1&md5=820ad49dc1fc2c84a0538453c017bc1b)

 Allenby Capital Limited                                                                                                                                                                                                                            Tel: +44 (0) 3328 5656
 Nominated Adviser and Joint Broker                                                                                                                                                                                                                 info@allenbycapital.com (mailto:info@allenbycapital.com)

 Alex Brearley / Nick Naylor / Vivek Bhardwaj (Corporate Finance)

 Kelly Gardiner (Sales and Corporate Broking)

 Axis Capital Markets Limited                                                                                                                                                                                                                       Tel: +44 (0) 203 026 0320
 Joint Broker
 Lewis Jones

 SI Capital Ltd                                                                                                                                                                                                                                     Tel: +44 (0) 1483 413500
 Joint Broker
 Nick Emerson

 Brand Communications                                                                                                                                                                                                                               Tel: +44 (0) 7976 431608
 Public & Investor Relations
 Alan Green

 

ABOUT ECR MINERALS PLC

 

ECR Minerals is a mineral exploration and development company operating
through three wholly owned Australian subsidiaries ECR Minerals (Australia)
Pty Ltd ("ECR Australia"), ECR Minerals (Queensland) Pty Ltd ("ECR
Queensland") and Raglan Resources Pty Ltd ("Raglan Resources").

 

ECR Australia owns the Bailieston and Creswick gold projects in central
Victoria, Australia as well as the Tambo gold project in eastern Victoria.

 

Raglan Resources has a mining lease at the Raglan alluvial gold project in
central Queensland, Australia and ECR Queensland has two approved exploration
permits over the nearby Blue Mountain alluvial gold project.  ECR is
currently working to bring both projects into production.  ECR Queensland
also has three approved exploration permits covering 946 km(2) over a
relatively unexplored area in Lolworth Range in northern Queensland.
Furthermore, it has also submitted a licence application at Kondaparinga which
is approximately 120km(2) in area and located within the Hodgkinson Gold
Province, 80km NW of Mareeba, North Queensland.

 

Following the sale of the Avoca, Moormbool and Timor gold projects in
Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the
subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd
(TSX-V: LVX), ECR Australia has the right to receive up to A$2 million in
payments subject to future resource estimation or production from these
projects.

 

ECR Australia also has approximately A$76 million of unutilised tax losses
incurred during previous operations.

 

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