Greatland beats FY26 production guidance

EQ Resources responds to growing tungsten demand EQ Resources (ASX: EQR) has entered five long-term offtake agreements for the next 24 months of production from its tungsten operations in Australia and Spain. Based on the current pricing for tungsten, the total value of these agreements is estimated to be $195m (US$124m), representing volumes of 470 containers, each container holding 20mt of 50% tungsten trioxide concentrate. These long-term offtake contracts have been executed with leading international tungsten consumers. EQR says the counterparties to these agreements are well-known producers of tungsten and tungsten-related products and considered to be in the top three producers in their respective markets, covering the production of ammonium paratungstate (APT), tungsten oxide and tungsten carbide materials— with all...

Queensland kicks off its critical minerals The Queensland Government has saved an Australian-first critical minerals facility in Townsville, with construction of the Queensland Resources Common User Facility starting up. Once operational in late 2026, mining companies will be able to test their mineral processing techniques at the facility and progress samples to market, accelerating commercial development opportunities. Queensland Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie says the Queensland Government is rescuing the project to drive regional jobs and supercharge the state’s critical minerals capability. “The Government recognises the important role this project...

Arrow, Baosteel MoU unlocks Simandou multi-user railway Arrow Minerals (ASX: AMD) has signed a non-binding MoU with Baosteel to deliver Arrow’s iron ore to steel mill customers. The framework includes provision for all key commercial elements including iron ore pricing, freight, ore haulage, ore handling, ship loading and government royalties related to Arrow’s Simandou North iron project in Guinea. Arrow managing director David Flanagan says this is an important milestone for Arrow, the Simandou North iron...

FIRB approves Westgold-Karora merger The Foreign Investment Review Board (FIRB) has issued its approval of Westgold’s (ASX: WGX) acquisition of Karora. The enlarged Westgold will have a $2.4b market cap with combined ore reserves of 3.2moz and mineral resources of 13moz, which Westgold says will place it solidly among the top 5 ASX-listed gold producers operating predominantly in Australia. The company will be well funded, with financial resources of about $160m and dual listing on the ASX and Toronto stock exchange (TSX). Westgold expects to complete the transaction by the end of...