ECR Minerals' (LON:ECR) latest half year was a period of "substantial" exploration, with more potentially important results to come in forthcoming weeks, the mining group said.
Key events will be further results from trenching at Itogon and a maiden inferred resource estimate and NI43-101 technical report for the Philippines project.
Also anticipated is bulk sampling results from the Maestro Agüero prospect - part of the SLM project - in Argentina, it said.
ECR however noted the tough environment for most junior mining firms, which has been reflected in its own share price.
"In order to ensure that key exploration programmes could be completed without further fundraising, a complete deferral of all cash remuneration to directors was instituted in March 2015, and remains in effect," it noted.
"Despite these sacrifices, we look to the future with optimism and we look forward to reporting further results from recent activities at the company’s projects, it added.
The loss before tax for the six months to end March widened to £1.003mln compared to a loss of £892,230 in the same period in 2014.
As at March 31, net assets were around £4.5mln compared to around £5.2mln at the same point last year.
This reflected the reduction in available-for-sale financial assets and other financial assets following the disposal of the ECR's interest in THEMAC and the lower cash figure as at end March this year compared to 2014.
ECR shares dropped 11.43% to 0.0775p on the day, and have fallen around 59% since the beginning of January.