Australia's EQ Resources delivers meaningful Q1 tungsten output, revenue increase
ASX-listed tungsten producer EQ Resources has posted meaningful quarterly production increases at both its Barruecopardo and Mt Carbine operations, in Spain and Australia, respectively.
In the three months ended September 30, tungsten production increased by 31% quarter-on-quarter at Mt Carbine for a total 17 145 metric tonne units (mtu) while Barruecopardo had record production of 34 088 mtu - representing an increase of 123% quarter-on-quarter.
The company's consolidated production of 51 233 mtu increased by 81% quarter-on-quarter, marking the second-highest quarterly production performance on record.
Consolidated sales volumes were 49 715 mtu, generating record revenue of A$158-million in the reporting quarter and representing an increase of 101% quarter-on-quarter.
The company realised an average price of $2 248/mtu, which was 20% higher quarter-on-quarter.
EQ Resources had A$82.3-million of cash on hand at the end of the September quarter, which marks the first quarter of its 2027 financial year. Quarter-on-quarter, the group's cash on hand improved by 192%.
The company continues to progress an expansion project at Mr Carbine to increase processing capacity from one-million tonnes a year to two-million tonnes a year.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation


















