Business
Sale and Purchase agreement for Raglan Project
ECR Minerals plc has entered into a legally binding agreement to acquire Raglan Resources Pty Ltd, the owner of the Raglan Project, for A$1.01 million in cash, funded from existing resources. This acquisition includes a fully permitted alluvial gold project with a granted mining lease, a 60 tonne per hour wash plant, and associated infrastructure, with the second-hand value of the equipment estimated to be around the purchase price. The Raglan Project is expected to enable gold production and cashflow in the near term, with potential for over 200 working days annually, and offers exploration upside for both alluvial and hard-rock gold. The company anticipates that its existing tax losses of approximately A$75 million, along with Raglan Resources' A$1.2 million in tax losses, will significantly reduce future tax liabilities. Completion is expected before the end of 2025, with production planned for the new year, potentially accelerating operations at ECR's Blue Mountain project. Disclaimer*
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n \n\n \n18 December 2025\n \nECR MINERALS PLC\n \n(\"ECR Minerals\", \"ECR\" or the \"Company\")\n \nSale and Purchase agreement for Raglan Project\n \nECR Minerals plc (AIM: ECR), the gold exploration and development company focused on Australia, is pleased to announce that, further to the Company's previous announcements, it has entered into a legally binding sale and purchase agreement to acquire Raglan Resources Pty Ltd, the owner of Licence ML 3665 (the \"Raglan Project\"), which is a fully permitted alluvial gold project and operation located in Queensland, Australia (the \"Acquisition\"), for a cash consideration of A$1.01 million. The purchase price is to be funded from ECR's existing cash resources.\n \nHighlights of the Raglan Project\n \n· Granted Mining Lease: the Raglan Project includes a granted mining lease over approximately 300 acres and 2.9km of main creek systems\n· Turnkey Infrastructure: the Raglan Project includes a near-new 60 tonne per hour wash plant, gold room, water supply, camp, mobile mining fleet and supporting facilities - ECR estimates that the second hand value of this equipment alone may be around the A$1.01m purchase price\n· Nearer-Term Production: The existing equipment and mining lease should enable gold production and cashflow within a shorter-term timeframe, with potential for more than 200 working days per year\n· Exploration Upside: Bulk sampling during a previous site visit confirmed coarse nuggety gold and grades that may be consistent with ECR's nearby Blue Mountain, with potential for both further alluvial resources and a hard-rock source\n \nRaglan Gold Project\n \nThe Raglan Project lies approximately 40 minutes west of Gladstone, Queensland, close to mechanical services and infrastructure. The lease has historically produced coarse, nuggety gold and test pits from ECR's due diligence confirmed recoveries from both upper gravels and deeper bedrock wash. Mining at the Raglan Project to date has been largely small scale with several untested areas and depths within the property area.\n \nCompletion of the Acquisition will provide ECR with plant and equipment that is estimated by management ...