Business
Unaudited Half-Yearly Results
Unaudited Half-Yearly Results.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.\n \n \n\n \n25 June 2025\n \nECR MINERALS PLC\n \n(\"ECR Minerals\", \"ECR\" or the \"Company\")\n \nUnaudited Half-Yearly Results for the Six Months Ended 31 March 2025\nand Operations Update\n \nECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce the Company's unaudited half-yearly financial results for the six months ended 31 March 2025, along with a review of significant developments during and post period.\n \nHIGHLIGHTS\n \nOperational highlights:\n \n· 2025 work programme fully funded with recent drilling project at Bailieston under budget\n \n· Drilling rig mobilised for Blue Mountain with bulk sampling and prototype wash plant testing to demonstrate recovery and revenue potential\n \n· Forthcoming drilling programme at Lolworth where a minimum of 1,500 metres of percussion drilling is planned\n \n· Drilling at Bailieston, Victoria following up on historic 32% antimony grade confirms structural continuity of gold and antimony\n \n· Maiden diamond drilling campaign at Tambo, Victoria with best drill intercepts of 0.15 metres @ 24.10 g/t Au, 0.15 metres @ 10.6 g/t Au, 0.40 metres @ 8.51 g/t Au, 0.35 metres @ 1.47 g/t Au and 0.15 metres @ 1.42 g/t Au\n \nFinancial highlights:\n \n· Sale of land at Brewing Lane in Victoria realised A$225,000\n \n· Ongoing programme to seek to realise value from historic accumulated tax losses of over A$75 million either by sale to a third party or by application to ECR's proposed production plans\n \n· Further cost savings through reduction in scope of Australian consultants and advisers\n \n· Fundraising completed in December 2024 to raise gross proceeds of £950,000\n \nNick Tulloch, Chairman, said: \"Much of the commentary on ECR over the past six months was dominated by our A$75 million of tax losses and there are two things that I want to make clear. Realising value from these tax losses is still very much on ou...