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EQ Resources Limited (ASX:EQR)

ALERT: Price-sensitive ASX Announcement for EQR
Current share price for EQR : $0.475 0.215 (82.69%)+
Announcement
Release
14 Jul 2026 9:10AM
Price at Release
$0.260
Full Release
download
Summary
EQ Resources Limited is advancing its production capabilities at its major tungsten operations in Mt Carbine, Australia, and Barruecopardo, Spain. The company is focused on increasing its processing capacity, with a significant expansion project at Mt Carbine and strategic drilling programs. EQR has positioned itself as a key supplier in the tungsten market, which is experiencing a supply deficit due to geopolitical conditions. The company's strategic agreements and experienced management team underscore its role as a leading tungsten producer outside of restricted countries like China and Russia.
Key Points
  • EQ Resources Limited is focused on expanding production at its Mt Carbine and Barruecopardo tungsten mines.
  • The company plans to increase the processing capacity at Mt Carbine from 1 mtpa to 2 mtpa by Q3 FY2027.
  • EQR aims to enhance its production by utilizing high-grade veins and expanding drilling programs.
  • Expansion at Mt Carbine involves a A$39 million project to enhance crushing and sorting circuits.
  • Strategically, EQR holds significant agreements supplying tungsten to Western markets amid geopolitical shifts.
  • The company is pursuing long-term, unhedged spot-priced agreements across the US, Europe, and Asia.
  • EQR's management includes experienced industry professionals ensuring strategic execution.
  • The tungsten market faces a structural supply deficit, with China controlling a significant portion of supply.
  • EQR's operations are aligned with governmental policies due to tungsten's critical and strategic status globally.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.