Business
Raglan initial mining plan
ECR Minerals plc has announced an initial Phase 1 mine plan for its Raglan alluvial gold project, projecting the recovery of approximately 938 ounces of gold over several years, with an illustrative gross in-situ value of A$7 million at current prices. This initial plan, based on a conservative analysis of a 162,000 m² area with an average gravel depth of 1.5 metres and a grade of 0.12 g/m³, represents a potential seven-fold return on the project's acquisition cost. The company highlights significant scope for expansion in future phases by exploring side creeks, extensions, and deeper gravels, positioning Raglan as a near-term cash-generating asset and a platform for operational growth. Disclaimer*
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n \n\n \n10 February 2026\n \nECR MINERALS PLC\n \n(\"ECR Minerals\", \"ECR\" or the \"Company\")\n \nRaglan initial mining plan, illustrative internal economics and path to expansion\n \nECR Minerals plc (AIM: ECR), the gold exploration and development company focused on Australia, is pleased to announce the results of an internal site analysis of its 100% owned Raglan alluvial gold project in central Queensland (the \"Raglan Project\").\n \nThe analysis defines an initial Phase 1 mine plan focused on a clearly delineated section of the historic river system and the Board considers that it illustrates the potential for attractive near-term economics, while highlighting significant scope to expand mining activities in future phases.\n \nHighlights\n \n· Initial mineable area identified along the main historic river channel, forming the basis of the Company's Phase 1 mining plan\n· Internal analysis, which the Board considers conservative, indicates potential to recover approximately 938 ounces of gold in Phase 1 over a multi-year period, which would have an illustrative gross in-situ value of approximately A$7 million at prevailing gold prices\n· Indicative revenue over the coming years represents a multiple of approximately seven times the Raglan Project acquisition price, based solely on the initial Phase 1 mine plan\n· Phase 1 analysis excludes side creeks, extensions, deeper gravels and optimisation opportunities, which represent potential upside for future mining phases\n· Results support Raglan Project's role as a potential near-term cash-generating asset and a platform for multi-year operational growth\n \nInitial Mining Plan - Phase 1\n \nFigure 1 below illustrates the area currently identified by the Company as mineable under the initial mining plan. The plan follows the main historic riverbed through the Raglan Project area.\n· Dark blue represents the area targeted for mining\n· Green shows areas previously trenched by historical operators\n \n \n \nFigure 1\n\n \n \n \n \n \n \n \n \n \n \n...