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ECR Minerals ( (GB:ECR) ) has issued an announcement.
ECR Minerals has announced a satisfactory outcome from its technical due diligence site visit to the Raglan Project, a fully permitted alluvial gold project in Queensland, Australia. The acquisition of the Raglan Project, which includes a mining lease and turnkey infrastructure, is expected to enhance ECR’s portfolio by providing near-term production potential and exploration upside. The project is anticipated to offer a valuable asset with the potential for cash flow, complementing ECR’s existing projects and supporting its strategy to build a pipeline of lower-capex, higher-margin gold assets.
More about ECR Minerals
ECR Minerals is a mineral exploration and development company operating through two wholly owned Australian subsidiaries, ECR Minerals (Australia) Pty Ltd and ECR Minerals (Queensland) Pty Ltd. The company focuses on gold projects in Australia, with notable projects in Victoria and Queensland, including the Blue Mountain and Lolworth projects.
Average Trading Volume: 31,348,041
Technical Sentiment Signal: Strong Sell
Current Market Cap: £4.65M
See more data about ECR stock on TipRanks’ Stock Analysis page.