ECR Minerals starts implementing production plan at Raglan
By Josh White
Date: Monday 26 Jan 2026
(Sharecast News) - ECR Minerals said on Monday that it has started implementing its production plan at the Raglan alluvial gold project in central Queensland, marking a key step as the company prepares to enter initial gold production.
The AIM-traded company said site profiling had identified priority areas for initial trenching, which will be worked at successive depths to determine where gold grades are highest before progressing upstream across the property.
At the same time, ECR said it planned to re-analyse previously worked ground at deeper levels, where it believed recoverable gold remained in situ, based on outcomes at its nearby Blue Mountain project.
During the early stages of production, the operating team would focus on optimising mining equipment configuration, particularly the wash plant, with the aim of maximising throughput while maintaining high recovery rates.
ECR said Blue Mountain had independently demonstrated a gold recovery rate of 91.7% into 0.40% of the mass, adding that work at Raglan would assess whether comparable performance can be achieved.
Chairman Nick Tulloch and directors Andrew Scott and Chris Gibbs were due to visit Queensland this week to oversee the initial mining and production activities, review early grade observations and meet a prospective off-taker for gold production from both Raglan and Blue Mountain.
The company said the start of operations coincided with strong precious metals prices, with gold trading above $4,988 per ounce and silver having recently moved through $100 per ounce.
Raglan is a fully permitted, turnkey alluvial gold project held under mining lease ML 3665 and included a near-new 60 tonne-per-hour wash plant, gold room, water supply, accommodation camp and mobile mining fleet, providing what ECR described as a low-capex pathway to production.
The company said Raglan was expected to deliver its initial gold output and near-term early cashflow, while also supporting shared operations across the Blue Mountain project.
"This week will mark an important moment for ECR," Tulloch said.
"With our operating team secured and a production plan in place, several members of the board will be travelling to Queensland to oversee the implementation of our initial mining operations at Raglan."
He added that Raglan was "a rare, turnkey alluvial operation with plant, permits and infrastructure already in place" and said the board believed it had the potential to generate "meaningful cashflow in due course" at current gold prices.
At 1359 GMT, shares in ECR Minerals were up 3.56% at 0.38p.
Reporting by Josh White for Sharecast.com.
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