ECR Minerals Ties Australian Asset Consideration with Gold Production

05:14 AM EDT, 09/29/2026 (MT Newswires) -- ECR Minerals (ECR.L) amended the terms of a deferred payment relating to stake acquisition in Australia's Maddens gold project, replacing a fixed payment with one tied to proceeds from gold production, according to a Tuesday filing. For a 50% stake in the gold project, located in North Queensland, the UK-listed gold exploration and development company was supposed to pay AU$2 million in cash to certain vendor shareholders of Lucky Strike Mining Ventures in November. Following negotiations with Lucky Strike Mining shareholders, the company will now make the payment after receiving proceeds from gold production and sales from the project.