Question 1

How is the Butterfly Creek Prospect (Lolworth Project) being advanced toward drilling?

Accepted Answer

Ecr Minerals reported a drill-ready Butterfly Creek gold target after lab fire assay of ~500 soil samples, with 16 samples >100 ppb Au and a peak 3,510 ppb (3.51 g/t). It plans detailed mapping and an initial drill programme to test a ~200 m NNE corridor.

Question 2

What is the expected funding use of Ecr Minerals’ £636,250 placing?

Accepted Answer

Ecr Minerals said proceeds from a £636,250 placing will fund continued development of the Maddens Underground Mine and processing of stockpiled ore on the run-of-mine pad. It will also support further back-trial alluvial mining within the Brothers Mining Lease.

Question 3

What change did ECR Minerals make to the AUS$2.0m deferred cash payment for the Maddens Gold Project?

Accepted Answer

ECR Minerals amended the AUS$2.0m deferred cash payment terms by removing a fixed November deadline and instead tying payment to gold production proceeds from Maddens, with Lucky Strike shares released once the deferred consideration is settled.

Question 4

What development work is ECR Minerals advancing at its Maddens Underground Mine in North Queensland?

Accepted Answer

ECR Minerals is advancing underground development at the Maddens Underground Mine, including upgrades to mine ventilation and escapeways, underground surveying, and refurbishment and commissioning of the processing plant plus feed optimisation into the Knelson concentrator.

Question 5

When is ECR Minerals targeting completion of processing for stockpiled development material at Maddens?

Accepted Answer

ECR Minerals is targeting completion of processing for stockpiled development material by the end of October, with processing of main production ore due to begin in November.

Question 6

What were the total gross proceeds from Ecr Minerals’ placing participation increase on 11 August 2026?

Accepted Answer

On 11 August 2026, Ecr Minerals reported an increased institutional placing participation of £250,000, bringing total gross proceeds to £886,250.

Timeline

Ecr Minerals

ECR Minerals advances Maddens decline as processing plant comes online

ECR Minerals finds gold nuggets at Brothers Creek

ECR Minerals ties A$2m Maddens payment to gold output

ECR Minerals starts decline blasting at Maddens gold mine

ECR Minerals finds wider gold structure at Lolworth

ECR Minerals finds new gold-bearing reef at Maddens

Ecr Minerals secures up to A$3m Bold Gold farm-in at Creswick

ECR Minerals fundraise grows amid fresh investor demand

ECR Minerals raises new capital to push Maddens gold towards production

ECR Minerals nears gold output at Maddens project

ECR Minerals launches major Tuckanarra reconnaissance drive

ECR Minerals identifies 200-metre gold corridor at Butterfly Creek

ECR Minerals moves to lift Raglan gold recovery after Lidar survey and specialist review

ECR Minerals advances Paleogold takeover, secures 94% acceptances and commits A$1m to Maddens development

More in Mining & Metals

Wheaton Precious Metals maintains production guidance

Reveille Resources shares start US trading

Strategic Minerals passes 7,500 metres at Redmoor drilling programme

Petra Diamonds strikes forbearance deal after securing emergency funding

Strategic Minerals completes sale of Leigh Creek Copper Mine

Richmond Hill Resources readies rig to drill Sakoose vein

Forgent cuts upfront cost of Mount Sholl option by 64%

Aterian mobilises rig to launch Azrar scout drilling campaign

Orosur Mining to start APTA resource drilling after latest assays

Gem Diamonds revenue rises on higher per carat pricing

Weir Group quarterly orders rise 8% on aftermarket strength

Browse by Sector

Market reports

Energy & Resources

Financials

Technology

Healthcare

Industrials

Consumer