EQ Resources Advances Tungsten Hub Strategy with Promising XRT Sorting Results

EQ Resources Limited ( (AU:EQR) ) has shared an update.

EQ Resources Limited has reported promising preliminary results from its bulk sample testing at the Wolfram Camp Project in Far North Queensland. The testing, which involved advanced X-Ray Technology (XRT) ore sorting, demonstrated an 86% tungsten recovery from ore stockpiles and highlighted the potential for unlocking value from waste stockpiles. These results, supported by a $250,000 Queensland METS grant, confirm the technical viability of reprocessing surface stockpiles and aim to establish a regional tungsten hub, leveraging Mt Carbine’s success in sensor-based sorting technology. This advancement could lead to low-impact resource recovery, providing significant operational and environmental benefits.

More about EQ Resources Limited

EQ Resources Limited is a global tungsten producer with mining operations in Australia and Spain. The company is known for its expertise in refining tungsten sorting technology, particularly through the use of XRT sorting at its Mt Carbine mine in Australia and Saloro operations in Spain. EQ Resources focuses on optimizing resource recovery and enhancing processing efficiency, contributing valuable insights to the broader industry.

Average Trading Volume: 1,610,439

Technical Sentiment Signal: Sell

Current Market Cap: A$101.7M

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