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ECR Minerals
(LSE:ECR)
ECR Minerals (ECR) vs. iShares MSCI United Kingdom ETF (EWC)
ECR Minerals Business Overview & Revenue Model
ECR Minerals Financial Statement Overview
| Breakdown | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -12.41K | -62.14K | -132.00K | -104.00K | -51.82K |
| EBITDA | -1.24M | -1.12M | -1.64M | -2.51M | -1.41M |
| Net Income | -1.30M | -1.18M | -1.77M | -5.59M | -1.73M |
Balance Sheet | |||||
| Total Assets | 5.31M | 5.34M | 5.17M | 6.06M | 7.86M |
| Cash, Cash Equivalents and Short-Term Investments | 324.67K | 281.37K | 92.85K | 887.97K | 3.01M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 144.32K | 95.33K | 154.10K | 206.68K | 202.73K |
| Stockholders Equity | 5.16M | 5.24M | 5.01M | 5.85M | 7.66M |
Cash Flow | |||||
| Free Cash Flow | -849.01K | -1.10M | -2.13M | -2.68M | -4.02M |
| Operating Cash Flow | -849.01K | -714.53K | -1.18M | -918.13K | -1.37M |
| Investing Cash Flow | -5.08K | -137.89K | -434.88K | -1.69M | -2.65M |
| Financing Cash Flow | 898.00K | 1.15M | 858.00K | 464.06K | 5.51M |
ECR Minerals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | £15.10M | -3.27 | -16.46% | ― | ― | ― | |
52 Neutral | £9.28M | -0.56 | -47.73% | ― | 93.10% | -150.00% | |
51 Neutral | £11.16M | 5.22 | -2.46% | ― | ― | ― | |
46 Neutral | £4.97M | -1.95 | -86.67% | ― | ― | ― | |
45 Neutral | £8.89M | -3.75 | -21.14% | ― | ― | ― |
ECR Minerals Corporate Events
ECR Minerals has published its audited results for the year to 30 September 2025, confirming a total comprehensive loss of £1.30 million, slightly higher than the previous year, largely due to administrative costs, with net assets broadly stable at £5.16 million. The annual report and AGM notice have been sent to shareholders, and the meeting is scheduled for 27 March 2025 in London.
Chairman Nick Tulloch said the group has transitioned from a pure explorer into a near-term gold producer, highlighting rapid development of the Raglan and Blue Mountain alluvial projects and ongoing work across its Victorian and Queensland portfolios. Management emphasised a strengthened balance sheet following a £1.5 million placing in January 2026, the leverage to strong gold and silver prices, and the intention to keep projects in-house to capture more value, signalling growing operational momentum and potential upside for investors as production ramps up.
ECR Minerals has secured a new exploration licence, EL007486, known as Tambo South, in Victoria’s Gippsland region, substantially enlarging its existing Tambo project. The five-year licence spans 322 square kilometres of mainly Crown land, adjoins the current Tambo tenement to create a 47km contiguous strike, and is supported by a Native Title agreement with the Gunai-Kaurnai People.
Historical reports indicate the Tambo South licence area hosts gold, tungsten and copper, with multiple targets including extensions of the Haunted Stream shear zone, past wolframite workings at Tambo Crossing, base metal anomalies around Mt Elizabeth, and largely underexplored alluvial gold prospects at Shady Creek and Peters Creek. ECR plans initial grassroots work including stream and rock-chip sampling and LIDAR across projected shear zones, viewing the tenement as a key opportunity to expand operations in an increasingly active Gippsland exploration district while continuing work at Raglan, Blue Mountain and Lolworth in Queensland.
ECR Minerals has secured the Tambo South exploration licence EL007486 in Victoria, significantly extending its Tambo project to a contiguous 47km strike in the Gippsland region. The 322 km² tenement, granted for five years and largely on Crown Land under a Native Title Agreement with the Gunai-Kaurnai People, contains historically reported gold, tungsten and copper and lies along regional shear zones linked to the nearby Haunted Stream Goldfield.
Initial targets within Tambo South include areas with historic high-grade gold intercepts, wolframite workings, base-metal anomalism around Mt Elizabeth and under-explored alluvial gold prospects such as Shady Creek and Peters Creek. ECR plans grassroots stream and rock-chip sampling and LIDAR surveys while integrating the new licence into a broader work programme that prioritises Raglan, Blue Mountain and Lolworth, underscoring a pipeline of exploration assets aimed at expanding future production potential.
ECR Minerals has completed an internal analysis outlining a Phase 1 mine plan for its 100%-owned Raglan alluvial gold project in central Queensland, targeting a defined section of the historic river channel. The company estimates that mining approximately 243,000 bank cubic metres of gravel could yield about 938 ounces of gold, with an illustrative in-situ value of around A$7 million at current prices.
Management stresses that the analysis is intentionally conservative, excluding potential contributions from side creeks, extensions along strike, deeper gravels and future optimisation. The work positions Raglan as a potential near-term cash-generating asset and a platform for multi-year expansion, with planned test pits and operational data expected to refine and possibly enlarge the mining footprint over time.
ECR Minerals has identified a proposed offtake partner for gold production from its Raglan alluvial gold project in Queensland and is progressing formal documentation, which the board expects to finalise within the month, providing what it sees as a clear route to market for Raglan’s output. An internal insurance valuation has put the replacement cost of Raglan’s plant, equipment and infrastructure at about A$1.9 million, materially above the acquisition price, which management views as validation of the deal and evidence of high-quality facilities; with an experienced team in place, a 300-acre mining lease and commercial arrangements advancing, the company believes the project is well positioned to enter production, generate early cash flow and underpin the expansion of its Queensland gold portfolio, although it cautions that there is no certainty the offtake agreement will be concluded on the expected terms or timetable.
ECR Minerals PLC has confirmed that its issued share capital currently consists of 3,290,888,016 ordinary shares of 0.001 pence each, with one voting right per share and no shares held in treasury. This disclosure sets the official total voting rights figure that investors must use when calculating whether they are required to report holdings or changes in their interests under UK disclosure and transparency regulations, providing clarity for shareholders and the market on the company’s capital structure.
ECR Minerals has begun implementing its production plan at the fully permitted Raglan alluvial gold project in central Queensland, moving the company into initial gold production and early cashflow generation. The operating team has identified priority trenching areas, is optimising mining equipment—particularly the 60 tonne-per-hour wash plant—and will reassess previously worked ground at depth, seeking to replicate the strong 91.7% recovery performance achieved at its nearby Blue Mountain project. Board members are travelling to Queensland to oversee start-up operations, review early grade data and meet a prospective off-taker for gold from Raglan and Blue Mountain, as the company seeks to capitalise on exceptionally high gold and silver prices. Raglan’s turnkey infrastructure and low-capex pathway are expected to provide a platform for shared operations with Blue Mountain, support the advancement of the larger Lolworth gold-silver project and underpin ECR’s strategic shift from pure explorer to operating producer within the Queensland and Victoria gold sector.
ECR Minerals PLC has updated the market on its total voting rights and directors’ shareholdings following the admission to AIM of 599,999,991 new ordinary shares, bringing its issued share capital to 3,290,888,016 ordinary shares with one voting right each. The enlarged share base reduces the directors’ percentage holdings, notably chairman Nick Tulloch’s stake from 3.21% to 2.63%, and provides a new denominator for investors assessing disclosure thresholds under UK transparency rules, clarifying the company’s ownership structure for existing and prospective shareholders.
ECR Minerals has conditionally raised £1.5 million through a discounted placing of 576.9 million new shares at 0.26 pence each with institutional and other investors, strengthening its balance sheet to accelerate production and exploration in Australia. The funds will be directed primarily towards bringing the Blue Mountain gold project in Queensland into production, supporting near-term output alongside the Raglan alluvial gold project, and advancing exploration at the Lolworth and Bailieston projects, while also covering corporate and working capital needs; management says the proceeds, combined with expected cash flow from Raglan and Blue Mountain, should fund planned activities well beyond 2026 and support ECR’s ambition to become a multi-site gold producer.
As part of the financing, broker OAK Securities has been appointed joint broker, with its first-year fees to be settled in new shares and additional broker warrants issued, further aligning it with the company’s growth plans. Admission of nearly 600 million new shares to AIM, expected around 15 January 2026, will lift ECR’s issued share capital to about 3.29 billion shares, and the company’s board argues that the combination of fresh capital, a growing project pipeline and substantial tax losses positions ECR to scale up its mining and exploration footprint and potentially cover corporate overheads from Raglan’s cash flow in the medium term.
ECR Minerals has secured an experienced operating team and is set to begin initial mining at its recently acquired Raglan alluvial gold project in central Queensland, with first gold production expected before the end of January 2026. With all key infrastructure, permits and equipment already in place, Raglan is positioned as a low-capex, turnkey operation intended to generate early cashflow and support the development of ECR’s larger Blue Mountain project and wider Queensland portfolio, at a time when historically strong gold prices could enhance the profitability and strategic value of the company’s transition from explorer to revenue-generating producer.
ECR Minerals has issued 17,394,636 new ordinary shares at 0.2836 pence each to partially satisfy accrued remuneration for its board and certain professional advisers for the final quarter of 2025, with directors including Chairman Nick Tulloch and three non-executive directors receiving shares in lieu of cash salary. Following admission of the new shares to trading on AIM, expected around 8 January 2026, the company’s issued share capital will rise to 2,690,888,025 ordinary shares, modestly increasing director equity stakes and setting a new total voting rights figure for investors to use when assessing disclosure thresholds under UK transparency rules.
ECR Minerals has completed the A$1.01 million acquisition of Raglan Resources Pty Ltd, securing full ownership of the fully permitted Raglan alluvial gold project in Queensland, which includes a near-new 60 tonne-per-hour wash plant, mining fleet, accommodation and supporting infrastructure. With permits and key equipment in place, the company plans to commence gold production early in the new year, targeting its first-ever operating revenues and using cash flow from Raglan to support further work at the project and accelerate development of its larger Blue Mountain project, where shared infrastructure and accumulated tax losses are expected to improve operational efficiency and financial returns across its broader Queensland portfolio, including the high-potential Lolworth exploration area.
ECR Minerals has reported a pivotal year of operational progress across its Queensland portfolio and set out a roadmap to move from pure explorer to near-term gold producer in 2026. Strong alluvial drilling and wash-plant results at Blue Mountain, confirmation of a shallow gold-silver system at Lolworth and the pending acquisition of the fully permitted Raglan alluvial gold project—complete with mining lease, wash plant, camp and fleet—are expected to underpin first alluvial gold production from Raglan ahead of Blue Mountain. The company plans to integrate Raglan and Blue Mountain into a scalable, repeatable alluvial production model, continue multi-metal exploration at Lolworth, advance a proposed joint venture at Creswick, and exploit a combined A$76m of tax losses to enhance early-stage profitability, positioning ECR in what its chairman describes as its strongest operational position in years as it targets a “step-change” year in 2026.
ECR Minerals has launched an updated corporate website, retaining its existing web address, as part of preparations for a strategic shift from pure exploration towards gold production in Australia, with the new platform aimed at improving access to project and corporate information for existing shareholders and potential investors. The company has also changed its registered office to a new address in Mildenhall in the UK, a routine but notable administrative move that accompanies its operational evolution and may help support more cohesive corporate governance as it advances multiple Australian gold projects toward development.
ECR Minerals PLC has finalized a binding agreement to acquire the Raglan Project, a fully permitted alluvial gold mining site in Queensland, Australia, for A$1.01 million funded from its existing resources. The acquisition provides immediate opportunities for gold production with available equipment and infrastructure, aligning with ECR’s strategy to accelerate revenue generation and complement its existing Blue Mountain operations. Additionally, the project offers significant exploration potential, along with tax efficiency benefits from unutilized losses, paving the way for long-term operational growth and positioning ECR as a production-focused company.
ECR Minerals has reported promising results from its Blue Mountain Project in Central Queensland, highlighting the potential for near-term, low-cost alluvial gold production. The drilling results revealed visible coarse gold and the expansion of gold-bearing creek flats, suggesting proximity to a primary source and indicating potential for a commercially viable start-up operation. The successful wash-plant trials at Lower Patterson further reinforce the project’s viability, positioning ECR Minerals as a key player in the alluvial gold mining sector in North Queensland.