ECR Minerals (AIM:ECR) is implementing its production plan at the Raglan Alluvial Gold Project in Australia this week, marking a key step as the company prepares to enter initial gold production.
During the early stages of production, Raglan’s operating team will assess and optimise the configuration of mining equipment, particularly the wash plant. The company says the aim is to maximise daily throughput while maintaining a high-level of gold recovery.
ECR has conducted a field visit and identified priority locations for initial trenching. These areas will be worked at successive depths, as part of a broader program designed to determine where gold grades are highest before progressing upstream across the project.
Chairman Nick Tulloch says Raglan is a rare, turnkey alluvial operation with plant, permits, and infrastructure already in place.
“Its anticipated operating parametres are considered to be consistent with other producing alluvial mines in Queensland and, with gold trading at historically high levels, we believe that the project has the potential to generate meaningful cashflow in due course,” Tulloch says.
“Alongside Blue Mountain and the significantly sized Lolworth Project, we believe ECR is well positioned for the year ahead, and we are excited by what lies ahead as we enter this next phase of the company’s development.”
Blue Mountain has been independently tested and demonstrates a recovery rate of 91.7% gold into 0.40% of the mass, and part of the coming work program will be aimed at assessing whether Raglan will achieve a comparable recovery rate performance.
Historically, Raglan has produced coarse alluvial gold and recent prospecting has confirmed the continued presence of gold-bearing gravels.
ECR Minerals is a gold explorer focused on discoveries in Australia and is targeting production for 2026.
Write to Aaliyah Rogan at Mining.com.au
Images: ECR Minerals
