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The latest announcement is out from EQ Resources Limited ( (AU:EQR) ).
EQ Resources Limited has announced the successful commissioning of its third XRT Ore Sorter at its Saloro operation in Spain, increasing the ore sorting capacity by 50% to 150 tonnes per hour. This enhancement is expected to improve efficiency and reduce costs by eliminating approximately 60% of waste rock early in the process. The company is also updating its Saloro Ore Reserve, with expectations of a positive impact from the ore sorting upgrade and recent tungsten price increases. The updated reserve is anticipated to be released in Q4 2025, potentially strengthening EQ Resources’ position in the tungsten market.
More about EQ Resources Limited
EQ Resources Limited is a leading global tungsten mining company focused on sustainable mining and processing practices. Listed on the Australian Securities Exchange, the company aims to expand its tungsten assets at Mt Carbine in North Queensland, Australia, and Barruecopardo in Salamanca Province, Spain. Utilizing advanced minerals processing technology, EQ Resources seeks to become a globally leading supplier of tungsten, a critical mineral, while exploring opportunities within the new economy and critical minerals sector.
Average Trading Volume: 3,617,098
Technical Sentiment Signal: Sell
Current Market Cap: A$114.4M
Learn more about EQR stock on TipRanks’ Stock Analysis page.