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EQ Resources Limited
(Sydney:EQR)
EQ Resources Limited (EQR) vs. iShares MSCI Australia ETF (EWA)
EQ Resources Limited Business Overview & Revenue Model
EQ Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 48.91M | 66.33M | 26.48M | 5.04M | 4.01M | 4.52M |
| Gross Profit | -6.38M | -3.57M | -11.32M | -7.17M | -5.41M | -4.03M |
| EBITDA | -13.18M | -19.65M | -19.49M | -3.11M | -5.98M | -4.56M |
| Net Income | -27.46M | -39.31M | -28.26M | -3.72M | -6.06M | -4.58M |
Balance Sheet | ||||||
| Total Assets | 189.27M | 189.27M | 166.29M | 55.15M | 31.28M | 25.75M |
| Cash, Cash Equivalents and Short-Term Investments | 1.87M | 1.87M | 3.49M | 6.15M | 1.72M | 3.50M |
| Total Debt | 64.77M | 64.77M | 45.72M | 7.23M | 6.53M | 949.31K |
| Total Liabilities | 152.98M | 152.98M | 109.66M | 38.84M | 16.96M | 9.02M |
| Stockholders Equity | 36.29M | 36.29M | 56.63M | 16.30M | 14.32M | 16.73M |
Cash Flow | ||||||
| Free Cash Flow | -19.20M | -19.20M | -27.24M | -8.77M | -9.56M | -5.87M |
| Operating Cash Flow | -16.92M | -16.92M | -12.70M | -1.39M | -3.11M | -3.82M |
| Investing Cash Flow | -11.38M | -11.38M | -18.90M | -10.96M | -6.44M | -2.03M |
| Financing Cash Flow | 26.76M | 26.76M | 21.56M | 16.01M | 7.79M | 6.39M |
EQ Resources Limited Technical Analysis
EQ Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | AU$193.28M | 108.57 | 1.08% | ― | ― | ― | |
51 Neutral | AU$100.89M | ― | -27.95% | ― | ― | -43.08% | |
46 Neutral | AU$170.36M | -34.58 | -39.06% | ― | ― | 25.00% | |
45 Neutral | AU$150.13M | -2.48 | -84.61% | ― | 149.43% | 1.20% | |
40 Underperform | AU$70.32M | -2.59 | -18.67% | ― | ― | 53.31% |
EQ Resources Limited Corporate Events
EQ Resources Limited has announced the issuance of unquoted equity securities, specifically options expiring in November 2028, as part of a previously announced transaction. This move reflects the company’s ongoing strategic financial maneuvers, potentially impacting its market positioning and offering implications for stakeholders regarding future growth and investment opportunities.
The most recent analyst rating on (AU:EQR) stock is a Buy 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.
EQ Resources Limited announced a record monthly production at its Barruecopardo Mine in October 2025, achieving 12,006 mtu of contained WO3, surpassing the previous record set in November 2024. This achievement reflects successful equipment upgrades and operational enhancements since acquiring the mine in January 2024, highlighting the company’s commitment to continuous improvement and innovation in tungsten processing. The record production underscores EQ Resources’ strong position in the global tungsten industry and its dedication to enhancing recovery and throughput, benefiting stakeholders and reinforcing its market leadership.
The most recent analyst rating on (AU:EQR) stock is a Buy 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.
EQ Resources Limited held an Extraordinary General Meeting where shareholders approved several key resolutions. These included the issuance of placement shares to Oaktree Capital Management and the issuance of options to lead managers. The resolutions were overwhelmingly supported, indicating strong shareholder confidence in the company’s strategic direction.
The most recent analyst rating on (AU:EQR) stock is a Buy 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.
EQ Resources Limited reported a robust quarter ending September 30, 2025, with significant achievements in its tungsten operations. The company saw a 33% increase in the price of Ammonium Paratungstate, driven by strong demand and China’s record imports of tungsten concentrates. Operational highlights include enhanced processing performance at Barruecopardo and ramped-up mining activities at Mt Carbine. Financially, EQ Resources strengthened its balance sheet with over A$30 million in new funding, including equity placements and a proposed royalty funding agreement with Oaktree. These developments underscore the company’s strategic growth and its alignment with governmental support for critical minerals, enhancing its market positioning and operational capacity.
The most recent analyst rating on (AU:EQR) stock is a Buy 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.
EQ Resources Limited has announced the appointment of Tony Di Pietro as the new Company Secretary, effective from October 27, 2025, succeeding Melanie Leydin. This change in leadership is part of the company’s ongoing efforts to enhance communication with the Australian Securities Exchange and strengthen its operational management, potentially impacting its strategic positioning within the global tungsten industry.
The most recent analyst rating on (AU:EQR) stock is a Buy 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.
EQ Resources Limited has announced that its Annual General Meeting (AGM) will be held virtually on 27 November 2025. Shareholders are encouraged to access the Notice of Meeting and Explanatory Memorandum online, as hard copies will not be distributed unless previously requested. The company has provided detailed instructions for proxy voting and encourages shareholders to engage with the meeting materials available on their website and the ASX platform.
The most recent analyst rating on (AU:EQR) stock is a Buy 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.
EQ Resources Limited has released updated information on its operations at the Mt Carbine and Barruecopardo tungsten mines. The updates, based on feasibility studies and expert consultations, confirm that the company’s material assumptions and technical parameters remain current. This announcement reinforces EQ Resources’ commitment to maintaining transparency and accuracy in its reporting, potentially strengthening its position in the critical minerals market.
The most recent analyst rating on (AU:EQR) stock is a Buy 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.
EQ Resources Limited has announced a significant 39% increase in the Ore Reserves at its Barruecopardo Mine in Spain, extending the mine’s life to 2034. This increase is attributed to a comprehensive improvement program and rising tungsten prices, enhancing operational performance and positioning the company favorably in the market.
The most recent analyst rating on (AU:EQR) stock is a Buy 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.
EQ Resources Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is now available on their website. The statement confirms the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting their commitment to transparency and accountability in management and oversight. This announcement underscores EQ Resources’ dedication to maintaining robust governance practices, which is crucial for its stakeholders and enhances its industry positioning.
The most recent analyst rating on (AU:EQR) stock is a Buy 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.
EQ Resources Limited has released its annual report for 2025, detailing various aspects of its operations, financial performance, and sustainability initiatives. The report highlights the company’s ongoing projects, including the Mt Carbine operations and Saloro/Barruecopardo operations, and provides insights into its financial health and strategic direction. This release is significant for stakeholders as it outlines the company’s current position and future plans, potentially impacting its market standing and investor confidence.
The most recent analyst rating on (AU:EQR) stock is a Buy 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.
EQ Resources Limited has announced an Extraordinary General Meeting (EGM) for its shareholders, scheduled to be held virtually on October 31, 2025. This meeting is significant for shareholders as it will address matters affecting their shareholding, and the company has provided online resources for accessing meeting materials and voting by proxy, emphasizing the importance of shareholder participation.
The most recent analyst rating on (AU:EQR) stock is a Buy 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.
EQ Resources Ltd has appointed Craig Bradshaw as its new Managing Director, effective October 1, 2025. Bradshaw, a seasoned executive in the tungsten industry, brings extensive experience from his previous roles, including CEO of Masan High-Tech Materials and Managing Director of H.C. Starck Tungsten Powders GmbH. His appointment is seen as a strategic move to guide EQ Resources through its next growth phase, aiming to capitalize on market opportunities and solidify its position as the largest independent producer of tungsten concentrate outside China. The company has revisited its operational strategies and is poised to become a significant player in the global tungsten market, with a focus on meeting the growing demand for this critical mineral.
EQ Resources Limited has issued 570,245,602 fully paid ordinary shares at an issue price of $0.032 each without disclosure to investors under the Corporations Act. This strategic move is part of the company’s efforts to enhance its financial position and support its ongoing projects in the tungsten mining sector, potentially strengthening its market position and offering growth opportunities for stakeholders.
EQ Resources Limited has released an investor presentation highlighting its ongoing activities and strategic direction as a globally significant tungsten producer. The company reaffirms the validity of its previous market announcements, particularly the outcomes of the Mt Carbine Bankable Feasibility Study Update from May 2023, indicating that there have been no material changes to the assumptions and technical parameters. This presentation underscores EQ Resources’ commitment to transparency and stability in its operations, which is crucial for maintaining investor confidence and industry positioning.
EQ Resources Limited has announced a proposed issue of securities, which includes options to acquire new ordinary shares. These options will expire three years from the issue date and are exercisable at specified prices. The issuance is set to take place on October 24, 2025. This move is part of the company’s strategy to raise capital and potentially enhance its market position by offering securities that could attract new investors.
EQ Resources Limited has announced a proposed issue of 132,879,398 ordinary fully paid securities, scheduled for issuance on October 24, 2025. This strategic move aims to enhance the company’s capital structure and potentially strengthen its market position, offering implications for stakeholders regarding future growth and operational expansion.
EQ Resources Limited has announced a proposed issue of 570,245,602 fully paid ordinary securities. This move is part of a placement or other type of issue, with the proposed issue date set for September 9, 2025. This issuance is expected to impact the company’s capital structure and could influence its market positioning by potentially increasing liquidity and funding for future projects.
EQ Resources Limited has successfully raised $22.5 million through an institutional placement, issuing 703.125 million new shares at $0.032 each. The funds will be used to enhance production and growth initiatives at the Mt Carbine site, manage creditors, improve debt positions, and cover placement costs. This capital injection comes at a time when tungsten prices are at record highs, positioning the company to further develop its operations and strengthen its financial standing.
EQ Resources Limited has requested a trading halt on its securities pending a significant announcement related to a capital raise. This move is aimed at managing the company’s continuous disclosure obligations, with the halt expected to remain until the announcement is made or normal trading resumes on 3 September 2025.
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.
EQ Resources Limited has issued 249,585,714 fully paid ordinary shares at an issue price of $0.035 each, without disclosure to investors, as per the Corporations Act. This move aligns with the company’s compliance with relevant provisions of the Corporations Act, and it aims to enhance its financial position and shareholder value as it continues to develop its project portfolio and explore new opportunities in the critical minerals sector.
EQ Resources Limited has announced the quotation of 249,585,714 fully paid ordinary securities on the Australian Securities Exchange (ASX) as part of a previously announced transaction. This move is expected to enhance the company’s capital structure and provide additional resources for its ongoing and future mining projects, potentially strengthening its position in the industry and offering new opportunities for stakeholders.
EQ Resources Limited has secured a US$7.5 million royalty funding package from Oaktree Capital Management to support capital projects at its Saloro subsidiary in Spain and strengthen its working capital. Additionally, Cronimet Asia Pte Ltd has agreed to convert US$3 million of its initial offtake prepayment to equity, enhancing future cash flows and demonstrating continued support for EQ Resources’ strategic initiatives.