ECR Minerals PLC (AIM:ECR) said it has received the A$603,000 settlement balance from the sale of its 'Bailieston' property at 127 Nagambie-Rushworth Road, Victoria.
Funds will be used for exploration of the Queensland tenements, specifically the Lolworth project (gold, lithium/tantalum/niobium) and Hurricane (gold/antimony), ECR said, with all this planned work now fully funded.
Andrew Haythorpe, chief executive, added this sale was the second in a series of planned disposals of non-core assets.
Separately, ECR said 2023 field season work had begun at the Lolworth Range project.