Business
Raglan offtake partner identified
ECR Minerals plc has identified a proposed offtake partner for gold production from its Raglan alluvial gold project and expects to finalise formal documentation this month, providing a clear route to market. Separately, an internal valuation assessment for insurance purposes determined the replacement value of the Raglan project's plant, equipment, and site infrastructure to be approximately A$1.9 million, significantly exceeding the acquisition cost and validating the project's quality. With an experienced team, a secured offtake pathway, and a substantial mining lease, the company is confident in Raglan's progression towards mining and production, aiming for early cashflow. Disclaimer*
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n \n\n \n03 February 2026\n \nECR MINERALS PLC\n \n(\"ECR Minerals\", \"ECR\" or the \"Company\")\n \nRaglan offtake partner identified and updated valuation assessment\n \nECR Minerals plc (AIM: ECR), the gold exploration and development company focused on Australia, is pleased to provide an update on its Raglan alluvial gold project in Queensland (the \"Raglan Project\").\n \nThe Company has met with and identified a proposed offtake partner (the \"Proposed Offtake Partner\") for gold production from the Raglan Project (the \"Proposed Offtake Agreement\"). Members of ECR's board of directors (the \"Board\" or the \"Directors\") have visited the Proposed Offtake Partner's processing and refining facility, undertaken discussions regarding commercial terms and operational processes and completed site-level due diligence.\n \nFormal documentation and contractual agreements in respect of the Proposed Offtake Agreement are now being progressed and are expected to be finalised this month. The Board believes that this Proposed Offtake Agreement represents a clear and practical route to market for gold produced at the Raglan Project.\n \nECR has also separately completed an internal valuation assessment for insurance purposes of the plant, equipment and site infrastructure at the Raglan Project. This process covered the wash plant, gold room, mobile mining fleet, power generation, camp facilities and associated infrastructure.\n \nThe replacement value, on a like-for-like basis, of the plant and equipment has been assessed at approximately A$1.9 million, materially exceeding the consideration paid by ECR for the Raglan Project. This is considered by the Board to be further validation of the Raglan Project acquisition and, importantly, demonstrates the quality of the Raglan Project's facilities.\n \nWith an experienced operating team in place, an identified proposed offtake pathway and a mining lease covering approximately 300 acres, the Board considers that the Raglan Project is entering mining and production with a high level of operational and commercial confidence.\n \nDiscussions in relation to the Proposed Offtake Agreement remain early stage and therefore there can be no certainty that final binding terms will be agreed, nor as to the timing or final terms, value or a...