Business
Audited Financial Results
Audited Financial Results.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n\n \n31 March 2025\n \nECR MINERALS plc\n \n(\"ECR Minerals\", \"ECR\" or the \"Company\")\n \nAudited Financial Results for Year Ended 30 September 2024\n \nAnnual Report\n \nNotice of AGM\n \nECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce the publication of its audited financial statements for the twelve months ended 30 September 2024 (\"FY 2024\").\n \nCopies of the Annual Report and Accounts for FY 2024 with the notice of annual general meeting are being posted to shareholders and will shortly be available on the Company's website at https://www.ecrminerals.com.\n \nThe Company intends to hold its annual general meeting at 11.00 am on Wednesday 23 April 2024 at the offices of Allenby Capital Limited, 5th floor, 5 St. Helen's Place, London EC3A 6AB.\n \nBelow is an extract from comments made by Chairman Nick Tulloch in the Annual Report and Accounts for FY 2024:\n \n\"During 2024 we have significantly advanced our assets across the group through an acceleration of pace and a diligent assessment of our portfolio. These efforts have produced considerable opportunity - promising results from Tambo, Lolworth and Creswick give us plenty of follow up opportunities but it is perhaps Blue Mountain, where we have the opportunity to commence production later in the year, that provides the nearest revenue opportunity.\n \nFinally, my thanks to our shareholders for supporting us. There is considerable cause for optimism as we enter 2025. We will continue to investigate the potential to bring Blue Mountain into production, whilst also advancing our other assets. Alongside that our policy of keeping a tight rein on costs is unchanged. I look forward to reporting back to you with further progress.\"\n \nFinancial Summary for Year Ending 30 September 2024\nFor the year to 30 September 2024, the Group recorded a total comprehensive loss attributable to shareholders of the Company of £1,183,181, a decrease compared with £1,772,670 for the year to 30 September 2023. The largest contributor to the total comprehensive loss was the administrative expenses.\n \nThe Group's net assets as at 30 September 2024 were £5,240,546 in comparison with £5,012,403 at 30 Septemb...