EQ Resources Limited

EQ Resources Limited is pleased to share its #QuarterlyActivitiesReport for the Quarter ended 30th September 2024. 🗒 https://lnkd.in/dd3sjFRP #HIGHLIGHTS 🔵 MT CARBINE OPERATIONS - Record Quarterly production for Mt Carbine with 26,028 mtu* produced. - Mining Operations successfully transitioned to an owner-operator model to reduce costs. - Drilling program has confirmed High Grade Ore in Open Pit Stage II. 🔵SALORO OPERATIONS - Record Quarterly production for Saloro with 27,965 mtu* produced. - Preparation works started for the next phase of the Barruecopardo Open Pit. - Significant improvements to the processing flow delivering a substantial recovery increase. - Saloro has been awarded the 2024 Salamanca Small & Medium Enterprise of the Year Award by Banco Santander and the Chamber of Commerce of Salamanca . 🔵EQR EXPLORATION - Wolfram Camp (Australia) main targets identified, soil sampling ongoing and preparation works underway for Ore Sorting trial. 🔵CORPORATE - Group cash receipts from operations were A$21.2 million in the quarter, up 87% on the prior quarter. Closing cash balance of A$3.4 million as at 30 September 2024. - Ammonium Paratungstate (APT) CIF Rotterdam, Fastmarkets mid-price of US$335 per mtu on 30 September 2024*. - EQR acquired 50% JV stake from Cronimet, to fully integrate MtCarbine operations under 100% EQR ownership. - Strategic Collaboration and Long-Term Offtake Contract with Elmet Technologies, a leading tungsten manufacturer in the USA. - EQR appoints Andrew Mooney as Chief Financial Officer. - A$250,000 Queensland Government Grant awarded for Ore Sorter trial at Wolfram Camp. #EQResources #QuarterlyReport #Mining #Tungsten #SustainableMining #ProductionMilestone #Exploration #Australia #Spain #MiningOperations #OreSorting #Investment #APTRotterdam #MiningIndustry #CorporateGrowth #SustainableDevelopment #MiningUpdates #GovernmentGrant #SalamancaAwards #CriticalMinerals #ASXNews

EQ Resources is a global #tungsten business and we are delighted to be showcasing our growing group at Australia's biggest and best mining conference, the International Mining and Resources Conference (IMARC). Come and see us at stand M122, just outside the Investment theatre, and catch up with the team led by our CEO Kevin MacNeill. Learn everything you need to know about tungsten and the EQR Global group. Check it out.

EQ Resources is a global #tungsten business listed on the Australian Securities Exchange. It is our honor to be working with and supplying international customers and service companies.

Come to visit the EQ stand (M122) and learn more about the world’s emerging leader in #tungsten supply. #IMARC24

The U.S. Geological Survey (USGS) monthly #Tungsten report is hot off the press.

🎤 EQ Resources' CEO Kevin MacNeill is speaking at #IMARC! Join him this 29 - 31 October at the ICC Sydney. Register at https://lnkd.in/dZaX4Bes and use the code HEARMESPEAK to receive a 15% discount off current delegate prices or code HEARMESPEAKFE for a free Expo Visitor Pass. #IMARC #Mining #Resources #MiningIndustry #MiningTechnology International Mining and Resources Conference (IMARC)

EQ Resources, Australia’s biggest #tungsten producer, is also pleased and proud to be representing Queensland at International Mining and Resources Conference (IMARC)

Last week in Perth, one of our very dedicated members and Chair of the AusIMM Far North Queensland Branch, Geraldine McGuire received the Social & Environment Society award. Congratulations Geraldine, very well deserved all round. 👏 Dr Geraldine McGuire is a professional of high standing and has provided dedicated service to the resources sector for more than 30 years. Geraldine reflects the professional leadership required across the social and environmental disciplines that are integral to the development of mineral resources. In her working experience, Geraldine has worked on projects throughout Australia, Asia and the Pacific across the environmental and social performance professional areas. She has led complex multi-stakeholder engagement programs, social and environmental impact assessments and management programs, as well as compliance and auditing of these systems and processes. Geraldine is currently Chair of the AusIMM Far North Queensland Branch, where she has worked with the Committee to revitalise Branch activities. She has also shared her own expertise and supported the development of professionals in the sector through being a course facilitator for AuslMM's ESG & Social Responsibility Professional Certificate. Geraldine has passionately worked towards empowering Indigenous people and is committed to poverty alleviation in rural communities through effective and impactful development and sound management practices. Geraldine was a standout recipient for this Award in a strong field of submissions. Thank you for all that you do for us! #awards #winner #ausimm #mining #congrats #farnorthqueensland #womeninmining #environment #society

EQ Resources is a global leader in the Western world #tungsten sector and a specialist in the use of high-tech ore sorting to drive down production costs, reduce usage of water and energy in processing and to underpin our circular mine focus at our two working mines. Our Mt Carbine and Barruecopardo mines utilise technology from our great friends at TOMRA Mining, with growing success and efficiencies as we ramp up production at both mines. We are extremely excited at what can be achieved with #XRT ore #sorting at iconic Wolfram Camp in collaboration with our partners. EQ and our partners intend to carry out extensive due diligence at Wolfram Camp, using both the advanced technology of Tomra and our successful ore sorting experience at Mighty Mt Carbine and Barruecopardo. We look forward to reporting on this important work to breath new life into historic Wolfram Camp. We thank the Queensland Government and The University of Queensland for their help and encouragement.