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ECR Minerals PLC - Australia-focused gold exploration and development company - Pretax loss narrows to £400,729 in the six months to March 31 from £451,412 a year prior although administrative expenses rise to £615,185 from £540,950. Bottom line benefits from £210,859 gain on the disposal of assets including the sale of land at Brewing Lane in Victoria compared with just £7,502 a year ago. Continues to seek to realise value from historic accumulated tax losses of over A$75 million either by sale to a third party or by application to ECR’s proposed production plans. Looking ahead, Chair Nick Tulloch says: ‘The next two months in particular marks a pivotal moment for ECR. Our work in Queensland got underway this week and in the immediate term our eyes are on Blue Mountain where we are carrying out a shallow drilling programme and wash plant prototype testing to determine the process for moving to large scale alluvial mining at the project. From there the team will move 1,000 km north to Lolworth with the rig to target the high-grade gold and rare earth prospects that our surface exploration has pointed to.’ Current stock price: 0.21 pence, closed down 6.7% in London on Wednesday 12-month changed: down 19% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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