ECR Minerals plc (AIM: ECR) has agreed to acquire Paleogold Limited (private) for a total consideration of up to A$10.6 million (£5.2 m). Paleogold owns interests in a portfolio of gold projects located in Queensland, Western Australia and South Australia (Figure 1). The most significant interest is a 50% interest in the six Maddens Flat Mines, which have a non-compliant mineral resource estimate of 6,322 ounces of gold….

This acquisition gives ECR a portfolio of 10 exploration and development stage projects across four Australian states, with three mine development projects expected to be in production this year and a fourth next year….

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