ECR Minerals PLC (AIM:ECR) Receipt of A$225,000 Cash Consideration

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce that it has received ahead of schedule A$225,000 cash consideration in relation to the completion of the sale of the Company’s surplus land at Brewing Lane in Victoria, Australia (“Brewing Lane”). 

The sale of Brewing Lane aligns with ECR’s ongoing strategy to optimise its asset portfolio, focusing capital and exploration efforts on its high priority gold projects, including Blue Mountain and Lolworth in Australia and following the announcement of its proposed acquisition of Maximus Minerals Ltd on 3 March 2025, potential additional opportunities in Canada. The divestment of Brewing Lane strengthens the Company’s balance sheet, providing additional immediate funds for targeted exploration and production programs. 

ECR remains focused on advancing its core exploration projects in Victoria and Queensland, in particular planning for bringing Blue Mountain into production. The Company will continue to provide further updates as its activities progress. 

Mike Whitlow, ECR’s Managing Director, said: “The successful completion of the Brewing Lane sale is a positive step for ECR, reinforcing our commitment to unlock value from our portfolio. The sale provides immediate financial benefit without affecting our mineral rights ownership at the Creswick project. With a strengthened balance sheet, we look forward to accelerating our exploration efforts across our flagship assets.” FOR FURTHER INFORMATION, PLEASE CONTACT: