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EQ Resources Limited ( (AU:EQR) ) just unveiled an announcement.
EQ Resources Limited has clarified its production targets and life-of-mine plans for its Mt Carbine and Barruecopardo operations. The company emphasizes that its stated production targets are aspirational and not formal guidance under ASX rules. The Mt Carbine operation has a minimum 8-year life-of-mine plan based solely on ore reserves, while Barruecopardo has a minimum 9-year plan, both without reliance on unclassified mineral resources or exploration targets. These clarifications aim to provide transparency and align with ASX requirements, potentially impacting stakeholder expectations and strategic planning.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on EQ Resources Limited stock, see the AU:EQR Stock Forecast page.
More about EQ Resources Limited
EQ Resources Limited is a global tungsten producer with mining activities in Australia and Spain, focusing on the extraction and production of tungsten from its operations at Mt Carbine in Australia and Barruecopardo in Spain.
Average Trading Volume: 18,546,899
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$239.1M
See more insights into EQR stock on TipRanks’ Stock Analysis page.