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EQ Resources Limited (ASX:EQR)

ALERT: Price-sensitive ASX Announcement for EQR
Current share price for EQR : $0.340 0.07 (25.93%)+
Announcement
Release
28 Jul 2026 8:48AM
Price at Release
$0.270
Full Release
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Summary
EQ Resources Limited reported robust operational and financial performance for the quarter ending 30 June 2026. Production at Mt Carbine saw a notable increase, achieving the highest output since Q1 FY2024, and the company has committed to a A$39 million expansion project to enhance capacity. The company generated a record A$22.5 million in cash flows from operations, benefiting from favorable tungsten market conditions amid global supply constraints. Operations at Barruecopardo were challenged by severe weather, requiring ongoing pit dewatering efforts.
Key Points
  • EQ Resources Limited reported strong operational performance for the quarter ending 30 June 2026.
  • Mt Carbine achieved the highest quarterly production since Q1 FY2024, with a significant increase in tungsten output.
  • The company approved a A$39 million expansion project at Mt Carbine to double crushing capacity by Q3 FY2027.
  • Cash flows from operating activities were positive, with a record A$22.5 million generated during the quarter.
  • Tungsten market conditions remained supportive, with strengthened prices due to supply constraints outside China.
  • Barruecopardo's operations were affected by a significant rain event, focusing efforts on pit dewatering.
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.