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ECR Minerals ( (GB:ECR) ) has issued an announcement.
ECR Minerals has announced plans to bring its Blue Mountain Project in Queensland into production, following successful gold recovery tests. The project is expected to yield significant monthly revenue with low capital expenditure due to the shallow depth of gold deposits. Additionally, ECR is progressing with the proposed sale of its subsidiary, Mercator Gold Australia Pty Ltd, with a target completion date set for the end of February 2025. The company is also moving forward with the sale of its surplus land in Victoria and anticipates favorable results from ongoing sample analyses at the Lolworth project. These developments could potentially enhance ECR’s operational efficiency and strategic positioning within the gold mining sector.
More about ECR Minerals
ECR Minerals PLC is an exploration and development company primarily focused on gold projects in Australia. The company works on identifying and developing potential gold mining sites, with a market focus on leveraging its assets in the Australian gold mining industry.
YTD Price Performance: 4.30%
Average Trading Volume: 25,721,904
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £6.98M
Learn more about ECR stock on TipRanks’ Stock Analysis page.
