|
ECR Minerals PLC - Australia-focused gold exploration and development company - Completes A$1.0 million, around $677,624, of Raglan Resources Pty Ltd. Notes Raglan is the owner of Licence ML 3665 which is a fully-permitted and ‘turnkey alluvial gold mining project’. Adds that it will look to start production in the new year, now that the acquisition has completed, permitting is in place and all the key equipment is on site. Expects revenues can be generated in the nearer-term, and says the project is planning to provide a stepping stone to assist with operations at the company’s larger Blue Mountain project. ‘Our acquisition of the Raglan Project marks a decisive moment for ECR and sets the stage for what we believe will be a breakthrough year for the Company. The Raglan Project is a ready-to-run gold mining operation and bringing it into the business positions ECR to move from an explorer to a producer,’ says Chair Nick Tulloch. ‘As we look ahead, 2026 is shaping up to be the year that ECR truly evolves from an explorer into a revenue generating gold producer. We look forward to keeping shareholders fully updated as we execute our plans,’ adds Tulloch. Current stock price: 0.33 pence, up 4.1% on Tuesday morning in London 12-month change: up 5.8% Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
