EQR Advances Mt Carbine Expansion to Strengthen Tungsten Output
EQ Resources Limited (ASX: EQR) has approved a AU$39 million investment to expand its Mt Carbine tungsten operation in Queensland, marking a significant step in its growth strategy. The project aims to increase crushing capacity from around 1 million tonnes to 2 million tonnes annually, helping remove existing processing constraints and support higher production levels.
The expansion will introduce upgraded crushing, screening, ore-sorting, and material-handling systems, improving plant efficiency and reducing operating costs. Once operational, the project is expected to deliver an additional 500 tonnes of tungsten concentrate per year through the processing of low-grade stockpiles, while also creating opportunities to handle future ore sources from nearby deposits.
Construction and commissioning activities are scheduled to progress through 2026 and early 2027, with full operational performance targeted by the third quarter of FY2027. The company intends to finance the development using existing cash resources and future operating cash flows. Management believes the expansion will reinforce Mt Carbine’s role as a key tungsten processing hub and enhance EQR’s ability to capitalize on strong market demand for this critical mineral.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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EQR Advances Mt Carbine Expansion to Strengthen Tungsten Output
EQ Resources Limited (ASX: EQR) has approved a AU$39 million investment to expand its Mt Carbine tungsten operation in Queensland, marking a significant step in its growth strategy. The project aims to increase crushing capacity from around 1 million tonnes to 2 million tonnes annually, helping remove existing processing constraints and support higher production levels.
The expansion will introduce upgraded crushing, screening, ore-sorting, and material-handling systems, improving plant efficiency and reducing operating costs. Once operational, the project is expected to deliver an additional 500 tonnes of tungsten concentrate per year through the processing of low-grade stockpiles, while also creating opportunities to handle future ore sources from nearby deposits.
Construction and commissioning activities are scheduled to progress through 2026 and early 2027, with full operational performance targeted by the third quarter of FY2027. The company intends to finance the development using existing cash resources and future operating cash flows. Management believes the expansion will reinforce Mt Carbine’s role as a key tungsten processing hub and enhance EQR’s ability to capitalize on strong market demand for this critical mineral.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au