
Mt Carbine receives $20m funding to unlock tungsten potential
Considerable exploration potential will be unlocked at Australia’s largest tungsten mine to aid in the supply of unlocking the critical mineral. Supported by the Queensland Critical Minerals and Battery Technology Fund (QCMBTF), underground mining operations will return to EQ Resources’ (ASX: EQR) Mt Carbine site in Far North Queensland. Tungsten possesses the highest melting point and tensile strength of all pure metals and it can be used across a range of renewable energy applications such as solar cells, wind turbines and battery storage. The Queensland Investment Corporation (QIC) managed fund will provide a $20m senior secured debt facility for new plant equipment, drill testing and trial mining to further explore tungsten resources. QIC state chief investment officer Allison Hill says…









