ECR Minerals
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.
- Company typePublic
- Founded2004
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
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.
ECR Minerals firmographics
Firmographics- 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
ECR Minerals industry classification
Industry- 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
Where ECR Minerals is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
ECR Minerals business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Supply Chain, Technology or R&D, Others
Revenue model
- 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
ECR Minerals product offering
Product offeringCore 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
Companies that use ECR Minerals
Customer profileSegments2 records
Ideal customer profiles2 records
ECR Minerals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
ECR Minerals partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Offtake Partner for Raglan Gold ProjectminorECR 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
ECR Minerals competitors and assessment
Company assessmentBroad 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
ECR Minerals social profiles
Digital presenceECR Minerals financial estimates
Financial estimateRevenue estimate
Valuation estimate
ECR Minerals leadership team
Management profileNumber of profiles
Profiles1 record
ECR Minerals subsidiaries and ownership
Company hierarchySubsidiaries1 record
ECR Minerals funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ECR Minerals M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ECR Minerals
What does ECR Minerals do?
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.
Is ECR Minerals a public or private company?
ECR Minerals is a public company. It is classified as public and is currently operating.
When was ECR Minerals founded?
ECR Minerals was founded in 2004. It employs 1 to 10 people.
Where is ECR Minerals based?
ECR Minerals is headquartered in London, United Kingdom, in the Europe region.
How does ECR Minerals make money?
One revenue line is on record: gold Production and Sales.
Who are ECR Minerals's main competitors?
Broad incumbents on record are Pan American Silver, Ramelius Resources and Capricorn Metals. Direct peers are Ariana Resources, Condor Gold, Thor Mining, Red Rock Resources, Emin Tra, Bezant Resources and Greatland Gold.
Does ECR Minerals have an API?
No public API is recorded for ECR Minerals.
What industry is ECR Minerals in?
ECR Minerals's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAOAB, Mine Infrastructure & Utilities EPC (Power, Water, Comms, Camps, Roads, Airstrips). Its NAICS code is 21222 and its SIC code is 1040.