ECR Minerals (ECR) investor relations material

Executive summary

• Transitioned from explorer to near-term gold producer, with Raglan and Blue Mountain projects advancing toward production in 2026.

• Strong balance sheet following £1.5 million fundraising in January 2026, exceeding typical running costs.

• Significant advances at Blue Mountain, maiden drilling at Tambo, and successful campaigns at Lolworth and Bailieston.

• Board changes with new directors experienced in mine development, aligning with production ambitions.

• Policy of cost control and board remuneration in shares continues to align interests with shareholders.

Financial highlights

• Total comprehensive loss for FY2025 was £1,299,504, up from £1,183,181 in FY2024, mainly due to administrative expenses.

• Net assets at 30 September 2025 were £5,161,041, compared to £5,240,546 at 30 September 2024.

• Loss per share (basic and diluted) was 0.060p, improved from 0.070p in the prior year.

• Raised £950,000 in December 2024, £750,000 in October 2025, and £1,500,000 in January 2026 through share issues.

• Cash and cash equivalents at year-end were £324,672, with £1,515,231 reported at 31 January 2026.

Outlook and guidance

• Expectation to generate revenue in 2026 from Raglan and Blue Mountain, covering all overheads for the first time.

• Production at Raglan commenced shortly after acquisition; Blue Mountain to follow.

• Retained A$76 million in tax losses to offset future profits, supporting long-term profitability.

• Continued focus on cost discipline and opportunistic acquisitions or joint ventures.