EQ Resources Ltd

EQ Resources (ASX:EQR) is a value-oriented, globally significant tungsten raw materials supplier. Actively developing its Mt Carbine project in North Queensland and expanding through the acquisition of Saloro S.L.U., a European tungsten company. EQR focuses on utilising advanced technologies and sustainable mining practices to manage its assets. EQR’s strategy involves leveraging its resources efficiently while maintaining a robust environmental, social and governance (ESG) program.

EQR’s Mt Carbine Tungsten mine is Australia’s foremost primary tungsten producer and is currently undergoing expansion to further improve mining efficiency and increase concentrate output capacity. This expansion has demonstrated significant progress, with the 2023 update revealing a 43% increase in Ore Reserves and a 47% rise in Net Present Value, showcasing substantial growth potential for the operation. Recognised for its commitment to environmental practices with the 2022 AMEC Environment Award, the mine exemplifies EQR’s approach to responsible mining. The company’s growth is further marked by its involvement in the Wolfram Camp tin-tungsten field in Queensland, complementing its strategic position in the tungsten market.

EQR aligns its operations with global sustainability goals, emphasising responsible resource management by decoupling economic growth from environmental degradation. This approach positions the company to contribute effectively to the evolving critical minerals sector, driven by global shifts towards sustainable energy and industry practices.