ECR Minerals plc AIM:ECR
- Incorporated
- United Kingdom
- Chief executive
- Mike Whitlow
- Employees
- 6
- Reports in
- GBP
- Companies House
- 05079979
Read straight from the annual reports
0.2p at close on 5 Oct 2026 · 11 reported years, 2015–2025
| Line | FY201509/15 | FY201609/16 | FY201709/17 | FY201809/18 | FY201909/19 | FY202009/20 | FY202109/21 | FY202209/22 | FY202309/23 | FY202409/24 | FY202509/25 | FY2026unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
11 years, at a glance
Operating profit before depreciation and amortisation — a rough measure of trading cash before capital spending.
C000406-AR-2025-ch
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.
Raglan alluvial gold project (Queensland), acquired 30 Dec 2025
Management expects Raglan to join initial gold production in 2026; Phase 1 mine plan defined 10 Feb 2026 targeting ~938 oz recoverable gold, illustrative in-situ value ~A$7m at prevailing prices. Infrastructure includes a near-new 60 tph gravity plant, gold room, water and fuel. No revenue was earned in FY2025.
page 10Blue Mountain alluvial gold project (Queensland)
July-August 2025 drilling of almost 400 holes across Lower Patterson, Windmill and Upper Kariboe Creek; 19 samples above 0.15 g/b.c.m; wash-plant trial average 0.35 g/b.c.m; gravity test recovery 91.7%. Next step is securing a mining lease; production is modelled at under half of current gold prices.
page 9Gold price
Chairman states future operating margins would increase in line with commodity price rises; Blue Mountain modelled at under half of then-prevailing gold prices. No production margins exist yet.
page 4Administrative overheads
Other administrative expenses £869,552 (2024: £1,071,671) are the largest contributor to the £1,299,504 loss; the Group has no revenue to absorb them.
page 61£79k charge: Impairment of intangible exploration assets (licences no longer held)
page 81Expect Raglan to be joined this year in initial gold production by the nearby and bigger Blue Mountain project; expect to begin generating cash from gold production at Raglan and in due course Blue Mountain.
page 41 Oct 2025: issued 325,000,000 new ordinary shares at 0.20p raising £650,000 gross; 6 Oct 2025: a further 50,000,000 shares at 0.20p under an associated retail offer (total gross £750,000 before expenses).
page 88No dividend proposed for FY2025 (FY2024: nil). Directors state that after very significant disposal proceeds they would consider distributions to shareholders, subject to distributable reserves. Remuneration is partly paid in shares by policy.
page 25Directors adopt going concern basis, citing cash of £324,672 at 30 Sep 2025 and £1,515,231 at 31 Jan 2026 after the October 2025 and January 2026 placings, and planned production from Raglan and Blue Mountain. Auditor PKF Littlejohn LLP issued an unmodified opinion and reported no material uncertainty related to going concern for at least twelve months from the approval date (4 Mar 2026). Key audit matters: valuation and recoverability of intangible exploration assets (£4,932,299) and recoverability of intercompany loans (£6,125,840). Group materiality £79,500.
page 54- Exploration risk - exploration is speculative; no certainty that projects can be economically exploited; costs written off if prospects abandoned.p.20
- Development risk - delays from weather, licence or permit availability or changes, commissioning and financing difficulties may render projects unfeasible.p.21
- Commodity price risk - spot and forward gold, silver and antimony prices affect project viability at any stage; Blue Mountain and Raglan economics are highly price-sensitive.p.21
- Resource risk - resource and reserve estimates carry uncertainty; no reserves are declared.p.21
Read from C000406-AR-2025-ch.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10)
FY2026Next report expected 7 Apr 2027