ECR Minerals

What ECR Minerals does

ECR Minerals plc is a UK-based gold exploration and development company listed on the AIM market of the London Stock Exchange under ticker ECR. Founded in 2004 and headquartered in Perth, Scotland, with a registered office in Mildenhall, Suffolk, the company focuses on identifying, acquiring, exploring, and developing mineral projects in Australia. ECR operates a portfolio of 10 gold projects across four Australian states — Queensland (Maddens Flat, Lolworth, Blue Mountain, Raglan, Kondaparinga), Victoria (Creswick, Bailieston, Tambo), Western Australia (Tuckanarra, 80% interest), and South Australia (Salt Bush) — with a reported 91.7% gold recovery rate and 900 km² of tenement area.

The company's asset base spans the mining lifecycle from early-stage exploration to near-term production. Key near-term catalysts include the Maddens Flat project in Queensland, targeting gold production within 3-6 months, and the Raglan alluvial gold project, which has an initial mining plan targeting approximately 938 ounces of gold recovery valued at around A$7 million. The Salt Bush project in South Australia is covered by Mining Lease ML 4572 (granted pre-native title legislation) and targets production around mid-2027 using a shallow 20m open-cut mine with vat leach extraction technology. The largest reported single-asset infrastructure valuation is the Raglan plant, equipment, and site infrastructure at A$1.9 million for insurance purposes.

ECR's revenue model is the sale of physical gold to offtake partners and refiners, with a single proposed offtake partner identified for the Raglan project as of February 2026. The company is pre-revenue in commercial terms, with go-to-market activity directed at institutional and retail investors on AIM via regulatory news, investor relations communications, and an active social media presence. Recent strategic activity has been M&A-driven, including the December 2025 acquisition of Raglan Resources for A$1.01 million and the May 2026 completion of the Paleogold Limited acquisition, both funded in part by an approximately $1.19 million equity raise completed in November 2024.

Name

ECR Minerals

Legal name

ECR Minerals plc

Website

https://ecrminerals.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

ECR Minerals plc is a UK-listed (AIM:ECR) gold exploration and development company operating 10 projects across four Australian states, targeting near-term production from the Maddens project. The company serves institutional and retail investors and has expanded via acquisitions of Paleogold and Raglan Resources.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Mine Infrastructure & Utilities EPC (Power, Water, Comms, Camps, Roads, Airstrips) (IMAKAOAB), Process Plant & Materials Handling EPC (Crushing, Conveying, Stockpiles, Loadout) (IMAKAOAE)

Keywords

• Gold exploration
• Gold mining
• Mineral development
• Alluvial gold production
• Commodity resource extraction

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Others

Revenue model

1. Gold Production and Sales: ECR Minerals generates revenue through gold exploration, development, and eventual production from its Australian gold projects. The company sells gold to offtake partners, with the Raglan project planning gold recovery of approximately 938 ounces valued at around A$7 million at current prices.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

ECR Minerals is engaged in the identification, acquisition, exploration, and development of gold mineral projects across Australia. The company operates ten gold projects spanning four Australian states (Queensland, Victoria, Western Australia, and South Australia), targeting near-term gold production through alluvial and open-cut mining operations. Processed gold is sold to offtake partners and refiners.

Product overview

ECR Minerals is a gold development company listed on the London Stock Exchange (LON:ECR) focused on gold exploration and production across Australia. The company operates a portfolio of ten gold projects spanning four Australian states: Queensland (Maddens Flat, Lolworth, Blue Mountain, Raglan, Kondaparinga), Victoria (Creswick, Bailieston, Tambo), Western Australia (Tuckanarra - 80% interest), and South Australia (Salt Bush). The company targets near-term gold production with plans to commence operations at Maddens within 3-6 months and Salt Bush around mid-2027. The portfolio includes both alluvial gold operations and broader exploration projects, with demonstrated recovery rates of 91.7%.

Differentiator

Problem solved

Functional benefit

Products and services

• Maddens Flat Project A gold exploration and near-term production project in Queensland, Australia. ECR Minerals plans to commence gold production at Maddens Flat within three to six months.
• Lolworth Project

Quantifiable outcome

• Gold recovery rate of 91.7% achieved across operations
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Offtake Partner for Raglan Gold ProjectminorOthers · 1 February 2026ECR Minerals identified a proposed offtake partner for gold production from its Raglan alluvial gold project in Queensland, Australia. Board members visited the partner's processing and refining facility and completed site-level due diligence. The company expects formal documentation for the proposed offtake agreement to be finalized. Discussions remain in early stages with no certainty that binding terms will ultimately be agreed.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Pan American Silver: Major precious metals producer with diversified gold and silver assets. Relevant incumbent comparable for offtake partner dynamics, refining economics, and broader gold market exposure relevant to ECR's revenue model.
• Ramelius Resources: ASX-listed mid-tier gold producer with multiple Australian operations. Provides a regional benchmark for project economics, recovery rates, and capital intensity in the WA/Victorian gold belts where ECR operates.
• Capricorn Metals: ASX-listed Australian gold producer with multi-asset operations. Useful incumbent comparable for evaluating ECR's alluvial and vat-leach economics at the asset level once in production.

Direct peers

• Ariana Resources: AIM-listed gold explorer and developer producing from multiple assets. Useful comparable for the multi-asset junior model and for the transition from explorer to small-scale producer that ECR is targeting.
• Condor Gold: AIM-listed gold developer advancing a single major asset toward production. Comparable in listing venue, stage (developer moving to producer), and the operational/permitting execution risk profile ECR faces.
• Thor Mining: AIM-listed mining company with gold and other commodity interests in Australia. Closely comparable in size, multi-asset junior developer profile, and exposure to Australian gold projects.
• Red Rock Resources: London-listed natural resource developer with gold interests, including Australian exposures. Comparable in scale, listing venue, and a portfolio approach to early-stage gold assets.
• Emin Tra: AIM-listed junior miner with gold and other mineral interests. Comparable in market positioning as a small London-listed natural resource developer focused on early-stage production.
• Bezant Resources: AIM-listed exploration and development company focused on gold and copper assets. Similar small-cap, multi-project junior structure with a focus on near-term cash generative mining.
• Greatland Gold: AIM-listed gold and base metals explorer/developer with Australian and other international assets. Highly comparable to ECR as a UK-listed, junior, multi-project gold developer pursuing near-term production.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ecrminerals
• LinkedInlinkedin.com/company/ecr-minerals-plc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ECR Minerals