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EQ Resources Limited ( (AU:EQR) ) just unveiled an announcement.
EQ Resources Limited reported a record quarterly production in its Saloro operations, with tungsten concentrate output increasing significantly post-acquisition. The company is implementing improvement initiatives to further boost recovery rates and production in upcoming quarters. The Mt Carbine operations transitioned to owner-operated, focusing on waste stripping and preparing for higher-grade ore processing, despite challenges such as limited water supply. Financially, EQ Resources secured substantial funding and entered a binding agreement to enhance its tungsten capabilities, potentially strengthening its market position.
More about EQ Resources Limited
EQ Resources Limited operates in the mining industry, focusing on the production and processing of tungsten concentrate. The company is engaged in mining operations at Saloro and Mt Carbine, with a market focus on enhancing operational excellence and expanding production capabilities.
YTD Price Performance: -25.00%
Average Trading Volume: 1,667,940
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$72.39M
Find detailed analytics on EQR stock on TipRanks’ Stock Analysis page.
