EQ Resources hits tungsten production records 

EQ Resources’ (ASX: EQR) Mt Carbine tungsten operations in Queensland hit a new monthly production record of 9,040mtu for August, with a new daily record of 571mtu. 

These results are driven by improving ore grade and equipment upgrades at Mt Carbine and come as the company transitions from contract mining to owner-operator mining in the Andy White open pit.  

Improvements include the upgrade to the TOMRA XRT Ore Sorter #2 topped with increased recovery at the gravity plant due to the installation of a scavenger jig.  

Mining operations also recorded a higher-grade feed supplied to the gravity plant, well in line with the recent drilling results showing a grade improvement at depth of the Andy White open pit. 

These improvements at Mt Carbine paired with record production at EQ Resources’ Barruecopardo operation in Spain led to a 31% increase in overall tungsten output compared to the average monthly output in Q4 FY24. 

EQ Resources chief executive Kevin MacNeil says the record tungsten concentrate production at both operations follows the company’s strategy to establish itself as a leading tungsten raw material supplier, for a reliable and long-term supply of Western critical minerals into geopolitically relevant industries. 

“Our production expansion enables us to form strategic relationships with downstream customers, as recently shown with our collaboration with leading US tungsten manufacturer, Elmet Technologies,” he said. 

“All credit to our leadership team and people at the Queensland and Spanish operations who have developed and executed plans and strategies to bring our two operations up to the current production levels. 

“We are confident there is further capacity for improvement in production by expanding mining operations at Mt Carbine and further enhancement of recovery rates through the plant at Barruecopardo.  

“We look forward to reporting full data on grade, production and recoveries in our September quarterly report.”