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EQ Resources Limited ( (AU:EQR) ) has shared an update.
EQ Resources has appointed experienced mining executive Michael Nossal as Independent Non-Executive Chair, effective 31 March 2026, as it advances its position in the global tungsten market. He succeeds Oliver Kleinhempel, who remains on the Board as a Non-Executive Director, preserving continuity while bringing in fresh leadership.
Nossal, the former chair of battery metals group IGO and a veteran of Newcrest, MMG and WMC Resources, joins at a time when EQ Resources has strengthened its balance sheet and upgraded its assets in anticipation of improving tungsten market fundamentals. The company signalled that further Board changes are expected in coming months as it reshapes its governance structure to support its evolution into a mid-tier ASX-listed mining company and drive long-term value creation for stakeholders.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.28 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 an ASX-listed mining company focused on tungsten, a critical mineral used in industrial and technology applications. The group operates world-class tungsten assets at Mt Carbine in North Queensland and at Barruecopardo in Spain, leveraging advanced processing technologies and unexploited resources across multiple jurisdictions to position itself as a leading, sustainable global supplier.
Average Trading Volume: 46,725,287
Technical Sentiment Signal: Buy
Current Market Cap: A$1.59B
For an in-depth examination of EQR stock, go to TipRanks’ Overview page.