ECR Minerals plc (AIM: ECR) is about to commence production at the Raglan Gold Project, located in Queensland, Australia. Over the coming months, ECR will be ramping up production levels and expects to be producing the equivalent of around 300 ounces (oz) per year at full production. Once at full production, we estimate that operations at Raglan could generate around A$1 million in free cash flow per year. Alongside the ramp-up at Raglan, ECR is advancing its Environmental Impact Assessment (EIA) at the Blue Mountain Project, also located in Queensland. The EIA will form a key component of the mining licence application for the project. Blue Mountain is anticipated to become ECR’s second source of revenue before the end of the year. Once at full production, ECR expects to be producing an additional 500 oz per year. Once at full production, we estimate that Blue Mountain could generate around A$2 million in free cash flow per year.