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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 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 55.43M | 26.48M | 5.04M | 4.01M | 4.52M | 735.48K | Gross Profit |
| -12.92M | -4.36M | -7.17M | -5.41M | -4.03M | -1.87M | EBIT |
| -31.46M | -29.58M | -9.65M | -5.39M | -4.54M | -3.01M | EBITDA |
| -26.00M | -19.49M | -1.08M | -4.53M | -4.56M | -2.79M | Net Income Common Stockholders |
| -44.13M | -28.26M | -3.72M | -6.06M | -4.58M | -3.02M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 2.01M | 3.49M | 6.15M | 1.72M | 3.50M | 2.99M | Total Assets |
| 188.00M | 166.29M | 55.15M | 31.28M | 25.75M | 21.42M | Total Debt |
| 58.28M | 45.72M | 7.23M | 6.53M | 949.31K | 1.17M | Net Debt |
| 56.27M | 42.23M | 1.90M | 4.81M | -2.56M | -1.82M | Total Liabilities |
| 139.89M | 109.66M | 38.84M | 16.96M | 9.02M | 6.48M | Stockholders Equity |
| 48.11M | 56.63M | 16.30M | 14.32M | 16.73M | 14.94M |
| Cash Flow | Free Cash Flow | ||||
| -25.82M | -27.24M | -8.77M | -9.56M | -5.87M | -5.48M | Operating Cash Flow |
| -14.65M | -12.70M | -1.39M | -3.11M | -3.82M | -2.95M | Investing Cash Flow |
| -20.22M | -18.90M | -10.96M | -6.44M | -2.03M | -2.53M | Financing Cash Flow |
| 27.89M | 21.56M | 16.01M | 7.79M | 6.39M | 8.25M |
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 |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$1.60B | 20.27 | 35.27% | ― | 148.01% | ― | |
51 Neutral | $2.04B | -1.23 | -21.09% | 3.96% | 2.90% | -30.45% | |
44 Neutral | AU$96.37M | ― | -141.59% | ― | 562.03% | -336.00% | |
| $11.50M | ― | -53.93% | ― | ― | ― | ||
| $319.67M | 5.01 | 27.43% | ― | ― | ― | ||
| $44.40M | ― | ― | ― | ― |
EQ Resources Limited Corporate Events
EQ Resources Limited experienced a minor administrative error when an announcement about its regional tungsten hub strategy was mistakenly lodged under the wrong ASX code. This error, caused by joint representation in the Company Secretary’s office, led to a brief delay of approximately 20 minutes in the announcement’s release. The issue has since been corrected, ensuring the proper dissemination of information to stakeholders.
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.
EQ Resources Limited has extended the closing date of its Share Purchase Plan (SPP) by five business days to June 17, 2025, allowing more time for shareholders to participate. This decision follows feedback from shareholders experiencing delays in receiving documentation and needing additional time to consider their investment. The extension aims to make the offer more accessible, with eligible shareholders able to subscribe for up to $30,000 of ordinary shares at a discounted price, enhancing shareholder value and participation.
EQ Resources Limited has appointed Andrew Goledzinowski, a former Australian senior diplomat, as Senior Advisor Government Relations, effective from July 2025. This strategic appointment is expected to enhance the company’s government relations across Australia, Europe, Vietnam, and the US, potentially strengthening its industry positioning and stakeholder relationships, particularly in the critical minerals sector.
EQ Resources Limited has announced a change in the interests of its substantial holder, OCM Luxembourg Tungsten Holdings S.á r.l, and associated entities, due to various share issuances. This change has resulted in a dilution of OCM’s voting power from 13.84% to 12.64%. The adjustments in shareholding are attributed to the issuance of shares under the company’s Equity Incentive Plan and placements announced in December 2024 and May 2025. These changes reflect strategic financial maneuvers by EQ Resources Limited to manage its capital structure and obligations, potentially impacting its market positioning and stakeholder interests.
EQ Resources Limited has announced a change in its registered office address to a new location in Melbourne, Victoria. This move is part of the company’s ongoing efforts to streamline its operations and enhance its corporate presence. The change in address is not expected to impact the company’s operations or communication channels, as all other contact details remain unchanged.
EQ Resources Limited has issued 317,039,823 fully paid ordinary shares at an issue price of $0.035 without disclosure to investors under the Corporations Act. This move is part of the company’s strategy to enhance its financial standing and support its ongoing projects in the critical minerals sector, potentially impacting its market position and shareholder value.
EQ Resources Limited has announced the quotation of 62,967,142 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of May 29, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the company’s financial flexibility and operational capacity.
EQ Resources Limited has announced the quotation of 29,372,673 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of May 28, 2025. This move is part of previously announced transactions and is expected to enhance the company’s capital structure, potentially impacting its market presence and providing opportunities for stakeholders.
EQ Resources Limited has announced the opening of a Share Purchase Plan (SPP) to raise up to $3 million, offering shares at a price of $0.035 each, which is the same as their recent $18.8 million placement. This initiative allows existing shareholders in Australia, New Zealand, and Singapore to acquire new shares under the same terms as the placement, with proceeds intended for capital projects, debt reduction, and working capital. The SPP, which is not underwritten, provides an opportunity for shareholders to invest without brokerage or transaction costs, potentially impacting the company’s financial stability and growth prospects.
EQ Resources Limited has announced the quotation of 224,700,008 fully paid ordinary securities on the Australian Securities Exchange (ASX), as part of a transaction previously disclosed to the market. This move is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the availability of its shares for trading.
EQ Resources Limited announced the issuance of 28,087,501 unlisted options exercisable at $0.0675, set to expire on May 29, 2027. This move is part of a previously announced transaction, potentially impacting the company’s financial strategy and offering stakeholders insights into its future operational plans.
EQ Resources Limited addressed a late filing of an Appendix 3Y notice regarding a change in director’s interest, attributing the delay to an administrative oversight. The company has policies to ensure compliance with ASX Listing Rules and plans to reinforce these with refresher training for directors, demonstrating its commitment to continuous disclosure obligations.
EQ Resources Limited has announced a proposed issue of 249,585,714 ordinary fully paid securities, with the issuance date set for July 7, 2025. This move is part of the company’s strategy to enhance its financial standing and operational capacity, potentially impacting its market positioning and offering new opportunities for stakeholders.
EQ Resources Limited announced a proposed issue of 85,714,286 ordinary fully paid securities under a securities purchase plan. This move is aimed at raising capital and potentially enhancing the company’s market position by expanding its financial resources, thereby impacting its operational capacity and offering growth opportunities for stakeholders.
EQ Resources Limited has announced a proposed issue of 34,285,715 ordinary fully paid securities, with the issue date set for May 27, 2025. This move is part of a placement or other type of issue, which may impact the company’s operations by potentially increasing its capital base and enhancing its market position.
EQ Resources Limited has announced a proposed issue of securities, including unlisted options and ordinary fully paid shares, as part of a placement or other type of issue. This move is aimed at enhancing the company’s financial position and supporting its strategic initiatives, potentially impacting its market presence and offering new opportunities for stakeholders.
EQ Resources Limited, listed on the Australian Securities Exchange (ASX), has announced that the suspension of its securities trading will be lifted immediately. This follows the company’s announcement of a capital raising, which is expected to impact its financial operations and market position positively.
EQ Resources Limited has announced a significant equity raise of $18.8 million through a share placement, with an additional $1.2 million from a loan conversion into equity. The placement has garnered strong interest from institutional and sophisticated investors, including a major contribution from Oaktree Capital Management, subject to regulatory and shareholder approvals. The funds will be used for capital projects, debt reduction, and working capital, enhancing EQR’s financial position and operational capabilities.
EQ Resources Limited has requested a voluntary suspension of its securities from the Australian Securities Exchange pending an announcement regarding a capital raising. This move is intended to help the company manage its continuous disclosure obligations and is expected to be resolved by the commencement of normal trading on May 22, 2025. The suspension reflects the company’s strategic efforts to strengthen its financial position, which could have implications for its market operations and stakeholders.
EQ Resources Limited has announced that Oaktree Capital Management will extend financing guarantees for its Spanish subsidiary, Saloro S.L.U., until the end of 2025. This extension supports the Barruecopardo Tungsten Mine, Europe’s largest tungsten mine, amid record production levels and positive financial performance. The company is in discussions with Spanish banks to restructure future credit facilities as Oaktree’s credit support phases out, aiming to secure multi-year term facilities to support its operations and reduce outstanding loans.
EQ Resources Limited announced a change in the director’s interest, with Mr. Craig Richard Bradshaw acquiring 250,000 fully paid ordinary shares through an on-market purchase. This acquisition reflects a significant personal investment by the director, potentially signaling confidence in the company’s future prospects and stability, which may positively influence stakeholder perceptions and market positioning.
EQ Resources Limited has appointed Jonathan Kort as Chief Financial Officer, effective June 1, 2025. With over 20 years of experience in the mining industry, Kort’s expertise in strategic and business development is expected to support EQR’s growth plans and strengthen its leadership team. His appointment is seen as a crucial step in implementing the company’s future growth strategies, following earlier management changes.
EQ Resources Limited reported a robust performance for the quarter ending March 31, 2025, with significant advancements in their Saloro and Mt Carbine operations. The company increased ore production and throughput efficiency, despite challenges such as wet-season conditions and supply disruptions. Saloro operations saw improvements in crushing-plant throughput and screening efficiency, while Mt Carbine achieved record blasting volumes and transitioned to an in-house drilling model. The company is also exploring funding options for plant upgrades to further enhance processing capacity, with potential implications for cost reduction and production scalability.
EQ Resources Limited announced the cessation of 6,000,000 securities due to the expiry of options or other convertible securities without exercise or conversion. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategy and future growth prospects.
EQ Resources Limited has announced the appointment of Mr. Craig Richard Bradshaw as a new director, effective May 1, 2025. This appointment is part of the company’s ongoing efforts to strengthen its leadership team, potentially impacting its strategic direction and operations positively. The announcement does not specify any immediate changes in securities or contracts associated with the new director.
EQ Resources Limited has appointed Craig Bradshaw, a veteran in the tungsten industry, as a Non-Executive Director on its Board of Directors, effective 1 May 2025. This strategic move is expected to enhance the company’s growth as a significant player in the tungsten market, leveraging Bradshaw’s extensive industry experience and contacts. His appointment is anticipated to bring operational excellence and strategic insight to the leadership team, aiding in the execution of key operational development programs in a dynamic market environment.
EQ Resources Limited has announced key leadership changes to enhance its strategic initiatives. Oliver Kleinhempel, previously Non-Executive Chairman, has been appointed as Executive Chairman on an interim basis, while David Laulau joins as General Manager of Mt Carbine Mining Operations. These appointments aim to strengthen the company’s leadership team and support its strategic goals, including the transition of CEO Kevin MacNeill to Chief Technical Officer.
EQ Resources Ltd has signed five long-term offtake agreements worth an estimated US$124 million, covering the next 24 months of tungsten production from its operations in Australia and Spain. These agreements, executed with top international tungsten consumers, are significant amidst China’s recent export restrictions on tungsten products, ensuring stable sales and revenue generation for EQR and positioning the company as a key Western supplier in a market experiencing rising tungsten prices.
EQ Resources Limited has requested a trading halt on its securities on the Australian Securities Exchange pending an announcement about offtake agreements. This halt is intended to help the company manage its continuous disclosure obligations, with the expectation that the announcement will be made before the resumption of normal trading on March 20, 2025.
EQ Resources Limited, listed on the Australian Securities Exchange under the code EQR, has released its half-year report for December 2024. The report provides an overview of the company’s corporate directory, including its board of directors and registered office details. This release is crucial for stakeholders as it outlines the company’s current operational framework and governance structure, which are essential for maintaining transparency and investor confidence.