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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 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 66.33M | 26.48M | 5.04M | 4.01M | 4.52M |
| Gross Profit | -3.57M | -11.32M | -7.17M | -5.41M | -4.03M |
| EBITDA | -19.65M | -19.49M | -3.11M | -5.98M | -4.56M |
| Net Income | -39.31M | -28.26M | -3.72M | -6.06M | -4.58M |
Balance Sheet | |||||
| Total Assets | 189.27M | 166.29M | 55.15M | 31.28M | 25.75M |
| Cash, Cash Equivalents and Short-Term Investments | 1.87M | 3.49M | 6.15M | 1.72M | 3.50M |
| Total Debt | 64.77M | 45.72M | 7.23M | 6.53M | 949.31K |
| Total Liabilities | 152.98M | 109.66M | 38.84M | 16.96M | 9.02M |
| Stockholders Equity | 36.29M | 56.63M | 16.30M | 14.32M | 16.73M |
Cash Flow | |||||
| Free Cash Flow | -19.20M | -27.24M | -8.77M | -9.56M | -5.87M |
| Operating Cash Flow | -16.92M | -12.70M | -1.39M | -3.11M | -3.82M |
| Investing Cash Flow | -11.38M | -18.90M | -10.96M | -6.44M | -2.03M |
| Financing Cash Flow | 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | AU$190.80M | 107.14 | 1.08% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | AU$404.94M | -35.80 | -27.95% | ― | ― | -43.08% | |
46 Neutral | AU$1.56B | -19.70 | -84.61% | ― | 149.43% | 1.20% | |
45 Neutral | AU$71.56M | -2.59 | -18.67% | ― | ― | 53.31% | |
44 Neutral | AU$148.13M | -30.00 | -39.06% | ― | ― | 25.00% |
EQ Resources Limited Corporate Events
EQ Resources Limited has issued 9,740,000 new fully paid ordinary shares following the exercise of options at an issue price of A$0.0675 per share. The company has confirmed that these shares were issued without a prospectus under the Corporations Act and that it remains compliant with its periodic and continuous disclosure obligations, with no undisclosed price-sensitive information.
The cleansing notice allows the newly issued shares to be traded on-market without further disclosure, supporting liquidity for investors and simplifying capital management. While modest in scale, the option exercise signals continued shareholder participation and provides additional funding capacity as EQ Resources advances its tungsten operations in Australia and Spain.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.24 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 applied to the Australian Securities Exchange for quotation of 9,740,000 new ordinary fully paid shares, issued on 26 February 2026. The additional securities arise from the exercise or conversion of existing options or other convertible instruments, modestly expanding the company’s free-float and potentially enhancing trading liquidity for shareholders.
The move formalizes the transition of these instruments into ordinary equity under ASX Listing Rule procedures, without detailing any accompanying operational changes or capital-raising proceeds. While limited in scope, the quotation of new shares incrementally adjusts EQ Resources’ capital structure and may slightly dilute existing holders while broadening the investor base.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.24 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 applied to the ASX for quotation of 2,568,014 new ordinary fully paid shares, with an issue date of 25 February 2026. The new securities arise from the exercise or conversion of existing options or other convertible instruments, modestly expanding the company’s issued capital base and potentially enhancing liquidity for shareholders.
The additional quotation of shares reflects ongoing capital structuring activity by EQ Resources, reinforcing its access to equity markets to support corporate and project needs. While the size of the issuance is relatively limited, it incrementally broadens the company’s free float, which may improve trading depth and flexibility for both existing and prospective investors.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.22 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 applied for quotation on the ASX of 2,127,634 new ordinary fully paid shares, issued on 24 February 2026. The application, lodged as an Appendix 2A, reflects the company’s routine capital management activities, potentially modestly increasing its free float and liquidity without disclosing additional operational changes.
The newly quoted securities arise from the exercise or conversion of existing options or other convertible instruments, rather than a separate public offering. This move incrementally expands EQ Resources’ issued capital base and may marginally adjust existing shareholders’ ownership percentages while aligning with standard ASX listing rule procedures.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on EQ Resources Limited stock, see the AU:EQR Stock Forecast page.
EQ Resources has arranged a three-year €15 million prepayment facility with commodities group Traxys Europe, to be repaid through set-off against monthly tungsten trioxide deliveries from its Barruecopardo mine in Spain. In parallel, it has signed a five-year marketing and distribution agreement with Traxys covering 3,500 tonnes of WO3, with an estimated value of about A$678 million at current prices.
Proceeds from the new facility will refinance €15 million of existing debt held by Spanish subsidiary Saloro S.L.U., while the remaining €5 million was cleared using cash generated in the December 2025 quarter. The refinancing aligns EQR’s debt profile with its production outlook and strengthens its position as a reliable long-term tungsten supplier amid heightened geopolitical concerns over critical mineral supply chains.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.23 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 issued 5,392,168 new fully paid ordinary shares following the exercise of options at an issue price of A$0.0675 per share, expanding its capital base without a prospectus under the Corporations Act provisions. The company has confirmed compliance with its continuous disclosure and financial reporting obligations and stated that there is no undisclosed price-sensitive information, signaling regulatory transparency for existing and prospective investors.
The cleansing notice accompanying this share issue allows the new securities to be traded on an unrestricted basis, which may support liquidity in EQ Resources’ stock while it continues to advance its tungsten projects in Australia and Spain. By confirming there is no excluded information and maintaining adherence to key reporting sections of the Corporations Act, EQ Resources seeks to reassure the market about governance standards as it executes its growth strategy in the critical minerals space.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 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 lodged an application with the ASX for the quotation of an additional 5,392,168 ordinary fully paid shares under its existing EQR code. The new shares were issued on 10 February 2026 following the exercise or conversion of options or other convertible securities, modestly increasing the company’s quoted equity base and potentially enhancing market liquidity for shareholders.
The application is filed as a new announcement dated 11 February 2026 under Appendix 2A of the ASX Listing Rules, confirming compliance with the exchange’s formal requirements for listing new securities. While the release offers limited operational detail, the incremental share issuance reflects ongoing capital management activity that may support the company’s future funding flexibility and investor access to its stock.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on EQ Resources Limited stock, see the AU:EQR Stock Forecast page.
EQ Resources has disclosed that it inadvertently breached ASX Listing Rule 7.1 through miscalculations of its placement capacity linked to share issues in September and December 2025. The errors stemmed from not counting shares issued to Cronimet Asia under a debt-to-equity conversion when assessing the 15% issuance limit applicable to subsequent equity placements.
As a result, the company exceeded its allowable placement capacity by more than 160 million shares across the two transactions, rendering a portion of previously ratified placement shares ineligible for ratification under ASX rules. While the validity of all issued shares is unaffected, EQ Resources has moved to tighten its internal controls and governance, including maintaining a central register of equity issues, to prevent future non-compliance and reassure regulators and investors.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 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 issued 5,024,075 new fully paid ordinary shares following the exercise of options at an issue price of $0.0675 per share. The company confirmed that these shares were issued without a prospectus under relevant Corporations Act provisions and that it remains compliant with its continuous disclosure and financial reporting obligations, with no undisclosed price-sensitive information identified at the time of the notice.
The cleansing notice supports secondary trading of the newly issued shares by assuring the market that EQ Resources has met its statutory disclosure requirements. This step reinforces transparency for investors as the company continues to advance its tungsten operations in Australia and Spain, aligning capital management with its strategy to be a leading global supplier in the critical minerals market.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 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 applied to the ASX for quotation of 5,024,075 ordinary fully paid shares, following the issue of these securities on 9 February 2026. The additional shares arise from the exercise of options or conversion of other securities, modestly increasing the company’s listed equity base and potentially enhancing liquidity for existing and new investors.
The application, lodged as a new announcement on 10 February 2026, reflects routine capital management activities rather than a change in strategic direction. While the transaction is relatively small in scale, it signals continued engagement with the capital markets and may incrementally broaden the shareholder register and tradable float of EQ Resources.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 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 disclosed a change in the holdings of director Stephen Robert Weir, who previously held a mix of fully paid ordinary shares and unlisted options in the company. The disclosure forms part of the company’s regular reporting obligations to the ASX regarding directors’ interests.
On 4 February 2026, Weir exercised a total of 3,740,741 unlisted options, converting them into the same number of fully paid ordinary shares at exercise prices of $0.0675 and $0.07 per share. Following these transactions, his direct holding increased to 6,820,105 fully paid ordinary shares, signalling a greater direct equity stake and potentially reinforcing market confidence in the company’s outlook among investors and other stakeholders.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on EQ Resources Limited stock, see the AU:EQR Stock Forecast page.
EQ Resources has issued 4,617,334 new fully paid ordinary shares following the exercise of options at an issue price of A$0.0675 per share. The shares were issued without a prospectus under the Corporations Act’s secondary trading provisions, with the company confirming ongoing compliance with financial reporting and continuous disclosure obligations and stating there is no undisclosed price-sensitive information, thereby facilitating on-market trading of the new stock without additional disclosure requirements.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 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 applied for quotation on the ASX of 4,617,334 new ordinary fully paid shares, with an issue date of 6 February 2026. The move reflects ongoing capital management activity, modestly expanding the company’s listed share base and potentially affecting liquidity and ownership dispersion for existing and new investors.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 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 applied to the ASX for quotation of 1,084,075 new fully paid ordinary shares, issued on 5 February 2026. The additional securities arise from the exercise or conversion of options or other convertible instruments, modestly increasing the company’s quoted share capital and potentially signalling ongoing investor engagement with its equity, though the announcement contains no further operational or strategic detail on the impact of this issuance.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 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 issued 7,554,755 fully paid ordinary shares following the exercise of options at various strike prices, and has confirmed that these shares were issued without a prospectus under the relevant provisions of the Corporations Act. The company has attested to its ongoing compliance with key financial reporting and continuous disclosure obligations and stated that there is no undisclosed price-sensitive information, a move that clears the way for secondary trading of the new shares and underpins transparency for existing and prospective investors.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 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 applied for quotation on the ASX of a total of 7,554,755 new fully paid ordinary shares, issued in two tranches of 4,554,755 shares on 4 February 2026 and 3,000,000 shares on 5 February 2026. The new shares, resulting from the exercise or conversion of existing options or other convertible securities, will expand the company’s quoted capital base, potentially enhancing liquidity for shareholders and reflecting the uptake of previously issued equity-linked instruments.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 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 disclosed a change in the securities interests of director Oliver Kleinhempel, in line with ASX listing rules requiring prompt notification of director dealings. Kleinhempel has exercised 312,500 unlisted options at $0.065 each, converting them into fully paid ordinary shares, which increases his direct shareholding to 23,457,211 ordinary shares while reducing his unlisted options by the same amount; this move marginally lifts insider equity ownership and may be interpreted by investors as a signal of confidence in the company’s prospects.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 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 disclosed a change in the holdings of director Zhui Pei Yeo, following the exercise of company options into ordinary shares. The director converted 312,500 unlisted options, exercisable at $0.065, into an equivalent number of fully paid ordinary shares, increasing his direct shareholding to 114,782,082 ordinary shares while reducing his unlisted options by the same amount. The transaction, which involves no change in overall exposure but shifts from options to equity, modestly increases insider ownership in the company and may be viewed by investors as a signal of confidence in the firm’s prospects.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 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 issued 4,660,927 fully paid ordinary shares following the exercise of options, comprising 1,000,000 shares at an issue price of $0.0512 and 3,660,927 shares at an issue price of $0.0675. The company confirmed that these shares were issued without a prospectus or other disclosure document under the Corporations Act, and has lodged a cleansing notice to ensure the new securities can be traded on an unrestricted basis while affirming its ongoing compliance with financial reporting and continuous disclosure obligations and the absence of any undisclosed price-sensitive information, clarifying the regulatory status of the new share issue for investors.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 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 applied to the ASX for quotation of 4,660,927 new ordinary fully paid shares, issued on 30 January 2026. The application, lodged as an Appendix 2A, reflects the conversion or exercise of existing options or other convertible securities, modestly increasing the company’s quoted share capital and potentially affecting ownership dilution and liquidity for current and prospective shareholders.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 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 issued 6,142,575 fully paid ordinary shares following the exercise of options at various strike prices, with the new shares issued without a prospectus in reliance on provisions of the Corporations Act. The company confirmed it is compliant with its continuous disclosure and financial reporting obligations and stated there is no undisclosed price-sensitive information, meaning the new securities can trade freely and providing comfort to investors about transparency and regulatory adherence.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 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 applied to the ASX for quotation of 6,142,575 new fully paid ordinary shares (ASX code: EQR), following the issue of these securities on 29 January 2026. The move increases the company’s quoted share capital and reflects the conversion or exercise of existing options or other convertible securities, a step that may modestly enhance liquidity in EQR’s stock and slightly dilute existing shareholders while providing additional equity to support its ongoing corporate activities.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 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 issued 15,532,431 fully paid ordinary shares following the exercise of options, with tranches priced at 5.2 cents and 6.75 cents per share, and has confirmed that the issuance was conducted without a prospectus under relevant provisions of the Corporations Act. The company stated it is fully compliant with its continuous disclosure and reporting obligations and that there is no undisclosed price-sensitive information related to this share issue, signalling regulatory transparency and providing assurance to investors regarding the integrity of the capital raising process.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.17 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 applied to the ASX for quotation of 15,532,431 new ordinary fully paid shares under its issuer code EQR. The additional securities, issued on 28 January 2026 following the exercise or conversion of existing options or other convertible securities, will increase the company’s quoted share capital and may provide additional liquidity for shareholders while modestly diluting existing holdings.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.17 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 invited shareholders and investors to a webinar on 2 February 2026, where its managing director and chief financial officer will brief the market on December quarter performance and provide a 2026 outlook for its Australian and Spanish tungsten operations. The update will cover the global tungsten market, production progress and future plans at Barruecopardo and Mt Carbine, as well as balance sheet strength, cash generation and financial performance, signalling the company’s intention to engage more closely with stakeholders and highlight its operational momentum and financial position across key assets.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on EQ Resources Limited stock, see the AU:EQR Stock Forecast page.
EQ Resources has issued 299,333 fully paid ordinary shares at an issue price of $0.0675 per share following the exercise of options, and has confirmed that these shares were issued without a prospectus in accordance with relevant exemptions under the Corporations Act. The company stated it is in compliance with its continuous disclosure and financial reporting obligations and that there is no undisclosed price-sensitive information, signalling regulatory transparency around the small equity issuance while it continues to pursue growth in its tungsten operations and broader critical minerals strategy.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.15 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 applied to the Australian Securities Exchange for quotation of 299,333 new ordinary fully paid shares (ASX code: EQR), issued on 23 January 2026. The additional shares arise from the exercise or conversion of existing options or other convertible securities, marginally increasing the company’s free float and share capital, and reflecting ongoing utilisation of its equity-based instruments by investors or holders of convertible securities.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.15 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 applied to the ASX for quotation of 4,248,919 new fully paid ordinary shares, following the exercise or conversion of existing options or other convertible securities. The additional shares, issued on 22 January 2026 under the company’s ticker EQR, will expand the total number of quoted securities on issue, modestly increasing the company’s free float and potentially improving liquidity for shareholders.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.13 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 issued 1,090,000 new fully paid ordinary shares at $0.0675 each following the exercise of options, and has confirmed that the shares were issued without a disclosure document under the Corporations Act’s capital raising provisions. In lodging a cleansing notice, the company stated it is compliant with its financial reporting and continuous disclosure obligations and that there is no undisclosed price-sensitive information, a step that facilitates secondary trading of the new shares and underscores regulatory compliance as EQ Resources continues to advance its tungsten-focused growth strategy.
The most recent analyst rating on (AU:EQR) stock is a Sell with a A$0.11 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 applied to the ASX for quotation of 1,090,000 new fully paid ordinary shares, following the exercise or conversion of existing options or other convertible securities. The additional shares, issued on 21 January 2026, modestly expand the company’s equity base and increase the pool of tradable securities, potentially improving liquidity for investors and reflecting ongoing equity-based activity within the company’s capital structure.
The most recent analyst rating on (AU:EQR) stock is a Sell with a A$0.11 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 28.5 million listed options (ASX code EQRAA), each exercisable at A$0.10 and expiring on 18 January 2026, have lapsed unexercised. The expiry of these options without conversion modestly reduces the company’s potential future share dilution, simplifying its capital structure but also eliminating a source of potential future equity funding for the company and its investors.
The most recent analyst rating on (AU:EQR) stock is a Sell with a A$0.10 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 issued 49,603,704 new fully paid ordinary shares following the exercise of options, with the bulk of the shares priced at $0.10 and a smaller tranche at $0.0675. The issuance, conducted without a prospectus under the Corporations Act disclosure exemptions, is supported by the company’s confirmation that it is up to date with its financial reporting and continuous disclosure obligations and that there is no undisclosed price-sensitive information, effectively cleansing the new shares for secondary trading and reinforcing regulatory compliance for investors.
The most recent analyst rating on (AU:EQR) stock is a Sell with a A$0.10 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 applied to the ASX for quotation of 49,603,704 new fully paid ordinary shares, which will trade under the code EQR. The securities, issued on 20 January 2026, arise from the exercise or conversion of existing options or other convertible securities, expanding the company’s quoted share base and potentially affecting its capital structure and liquidity for investors.
The most recent analyst rating on (AU:EQR) stock is a Sell with a A$0.10 price target. To see the full list of analyst forecasts on EQ Resources Limited stock, see the AU:EQR Stock Forecast page.
EQ Resources reported a strong December quarter, driven by surging tungsten prices and record operational performance at its Barruecopardo and Mt Carbine mines. Global tungsten market tightness continued, with ammonium paratungstate prices nearly 50% higher quarter-on-quarter and Chinese prices remaining above European levels, underscoring a structural supply deficit. Barruecopardo delivered record mining, crushing and sorting volumes and its second-highest quarterly concentrate output of 32,408 mtu, generating about A$14 million in free operating cash flow and supporting higher realised prices and lower unit costs across the group. At Mt Carbine, record blasting and mining advanced the South Wall cutback and ramp development, keeping the operation on track to access the higher-grade Iolanthe vein in the next quarter, a key step for future production and margins. The company also strengthened its balance sheet through a A$34 million equity raising and the planned conversion of pre-royalty debt to equity, while refinancing and reducing Spanish debt, cutting current liabilities by A$24.45 million. Group operating cash flow turned positive at A$1.15 million, cash receipts from sales rose 49% to A$21.8 million, and EQ Resources ended the quarter with A$22 million in cash and additional undrawn facilities, positioning the company to fund growth projects and improve financial resilience.
The most recent analyst rating on (AU:EQR) stock is a Sell with a A$0.10 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 issued 2,111,112 fully paid ordinary shares following the exercise of options at an issue price of A$0.0675 per share, confirming that the new shares were issued without a prospectus under the Corporations Act’s disclosure exemptions. The company stated it remains in compliance with its continuous disclosure and financial reporting obligations and declared there is no undisclosed price-sensitive information, a move that facilitates secondary trading of the new shares and underscores its adherence to regulatory requirements as it pursues growth in the critical minerals space.
The most recent analyst rating on (AU:EQR) stock is a Sell with a A$0.10 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 applied to the ASX for quotation of 2,111,112 new fully paid ordinary shares, listed under the code EQR. The new securities, issued on 16 January 2026 following the exercise or conversion of existing options or convertible securities, will expand the company’s quoted share capital, modestly increasing liquidity and potentially broadening its shareholder base once admitted to trading.
The most recent analyst rating on (AU:EQR) stock is a Sell with a A$0.10 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 issued 38,268,686 new fully paid ordinary shares following the exercise of options at prices of 4.88 cents and 6.75 cents per share, with the issuance completed without a disclosure document under the Corporations Act’s fundraising provisions. In conjunction with this share issue, the company confirmed its ongoing compliance with key financial reporting and continuous disclosure obligations and stated that there is no undisclosed materially price-sensitive information, a move that supports transparency for investors while modestly expanding its capital base for ongoing operations and growth initiatives in its tungsten portfolio.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.11 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 applied to list 38,268,686 new fully paid ordinary shares on the ASX, following the exercise of options or conversion of other securities. The additional quotation, effective from 14 January 2026, expands the company’s issued capital base and may enhance liquidity in its stock, although the announcement provides no further detail on the purpose or strategic context of the new shares.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.11 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 issued 763,000 new fully paid ordinary shares following the exercise of options at an issue price of $0.0675 per share, and has provided a cleansing notice under Section 708A of the Corporations Act to confirm the shares were issued without a prospectus. The company stated it is fully compliant with its continuous disclosure and reporting obligations and that there is no undisclosed price-sensitive information, clearing the way for these new shares to be freely tradable and reinforcing transparency for existing and new investors.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.10 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 applied for quotation on the ASX of 763,000 new ordinary fully paid shares, following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted capital, effective from 13 January 2026, reflects ongoing capital structuring activity but does not indicate any broader strategic shift, with limited immediate operational or industry implications disclosed for existing shareholders or other stakeholders.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.10 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 issued 1,125,000 fully paid ordinary shares at $0.0675 each following the exercise of options, and has confirmed that these shares were issued without a prospectus in reliance on provisions of the Corporations Act. The company attested to its compliance with continuous disclosure and financial reporting obligations and stated that there is no undisclosed price-sensitive information, a step that supports secondary trading of the new shares and underscores regulatory compliance as it continues to develop its global tungsten operations.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.09 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 applied to the ASX for quotation of 1,125,000 new ordinary fully paid shares, following the exercise or conversion of existing options or other convertible securities. The issuance, dated 9 January 2026, modestly increases the company’s quoted share capital and reflects ongoing utilisation of equity-based instruments, with potential implications for shareholder dilution and the company’s capital structure.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on EQ Resources Limited stock, see the AU:EQR Stock Forecast page.
EQ Resources has issued 8,416,161 new fully paid ordinary shares following the exercise of options, with tranches priced at 4.88 cents and 6.75 cents per share. The company has confirmed that the issuance was conducted without a prospectus under the Corporations Act, that it remains compliant with key financial reporting and continuous disclosure obligations, and that there is no undisclosed material information, providing reassurance to investors about its governance and regulatory standing.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.09 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 applied to the ASX for quotation of 8,416,161 new fully paid ordinary shares under its existing ticker EQR. The additional shares, issued on 8 January 2026, arise from the exercise or conversion of existing options or other convertible securities, modestly increasing the company’s quoted capital base and potentially enhancing liquidity for shareholders.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.09 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 issued 4,460,650 fully paid ordinary shares upon the exercise of options, at prices of $0.065 and $0.0675 per share, and has lodged the required cleansing notice confirming these shares were issued without a prospectus under relevant Corporations Act provisions. The company states it is compliant with its continuous disclosure and reporting obligations and that there is no undisclosed price-sensitive information, a move that supports secondary trading liquidity for the new shares and signals ongoing operational and regulatory stability for investors.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.09 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 applied to the ASX for quotation of 4,460,650 new fully paid ordinary shares, issued on 7 January 2026. The additional shares arise from the exercise or conversion of existing options or other convertible securities, modestly expanding the company’s listed capital base and potentially improving liquidity for investors, while signalling continued engagement with equity-based financing mechanisms.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.09 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 issued 2,284,260 fully paid ordinary shares following the exercise of options at an issue price of $0.0675 per share and has lodged a cleansing notice under Section 708A of the Corporations Act to enable the shares to be traded without a disclosure document. The company confirmed it is in compliance with its continuous disclosure and financial reporting obligations and that there is no undisclosed price-sensitive information, a move that maintains transparency for investors while modestly expanding its capital base in support of its tungsten-focused growth strategy.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.08 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 applied to the ASX for quotation of 2,284,260 new ordinary fully paid shares, with an issue date of 5 January 2026. The additional securities, arising from the exercise or conversion of existing instruments, will expand the company’s quoted share capital and may modestly increase liquidity for shareholders once trading in these new shares commences.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on EQ Resources Limited stock, see the AU:EQR Stock Forecast page.
EQ Resources reported a 33% quarter-on-quarter increase in tungsten production to 38,292 metric tonne units for the quarter ending 31 December 2025, underscoring operational momentum across its Australian and Spanish mining assets. The production uplift coincides with record tungsten prices, with benchmark ammonium paratungstate prices rising 42% over the quarter and continuing higher into early January 2026, a combination that is likely to significantly enhance revenue and reinforce the company’s position in the tight global tungsten market.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.08 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 disclosed a change in director Oliver Kleinhempel’s relevant interests in the company’s securities, as required under ASX listing rules. Kleinhempel’s holding has been restructured via an off-market transfer of fully paid ordinary shares from his indirect holding through Sonnenallee Investments Limited into his direct holding, increasing his direct shareholding to 23,144,711 shares while his options position remains unchanged. The transaction involves no new shares being issued and no consideration paid, indicating a change in the form of ownership rather than in the overall economic interest, with no dilutionary impact on other shareholders but improving transparency around the director’s direct versus indirect exposure to the company.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.08 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 issued 15 million fully paid ordinary shares following the exercise of an equivalent number of options at an issue price of A$0.0448 per share. The company confirmed the shares were issued without a disclosure document under the relevant Corporations Act provisions, that it remains compliant with its financial reporting and continuous disclosure obligations, and that there is no undisclosed price-sensitive information requiring release, effectively cleansing the new shares for trading and supporting its capital structure as it advances its tungsten projects.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.08 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 cessation of 3,750,000 EQRAP convertible notes, which were repaid or redeemed without being converted into equity on 15 December 2025. The move reduces the company’s outstanding convertible debt, potentially simplifying its capital structure and altering the balance between debt and equity for existing stakeholders.
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.
EQ Resources Limited has issued 131,868,132 fully paid ordinary shares to Cronimet Asia and 648,649 shares to senior adviser Andrew Goledzinowski through a debt-to-equity conversion and consultancy arrangement, respectively, at deemed issue prices between 3.5 and 3.7 cents per share. The new shares, issued without a prospectus under relevant Corporations Act provisions, reflect balance sheet strengthening via debt reduction and equity-based compensation while the company confirms ongoing compliance with its financial reporting and continuous disclosure obligations and the absence of undisclosed price-sensitive information.
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.
EQ Resources Limited has applied to the Australian Securities Exchange for quotation of 131,868,132 new fully paid ordinary shares issued on 18 December 2025. The shares have been allotted to Cronimet Asia Pte Ltd under a previously announced agreement to convert debt into equity, a move that reduces the company’s debt burden while expanding its share base and potentially strengthening its balance sheet and strategic relationship with a key creditor.
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.
EQ Resources Limited has applied to the ASX for quotation of 648,649 new ordinary fully paid shares issued on 18 December 2025 under a Senior Advisor Government Relations consultancy agreement in lieu of a cash payment. The move reflects the company’s use of equity-based compensation for advisory services, modestly expanding its share base and aligning the interests of strategic advisors with those of shareholders.
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.
EQ Resources Limited has issued 670 million fully paid ordinary shares at $0.05 each without disclosure to investors under specific provisions of the Corporations Act. This move is part of the company’s strategy to enhance its financial standing and support its ongoing projects, potentially impacting its market position and shareholder value positively.
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.
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.
EQ Resources Limited has announced a change in the interests of its director, Mr. Craig Richard Bradshaw. The company, which operates in the resources industry, focuses on extracting and processing mineral resources. The announcement details that Mr. Bradshaw has acquired 5,000,000 options exercisable at $0.05, following shareholder approval at the recent AGM. This change in director’s interest reflects a strategic move to align the interests of the company’s leadership with its long-term growth objectives.
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.
EQ Resources Limited has announced the issuance of 5,000,000 unquoted equity securities in the form of options expiring on October 13, 2028, with an exercise price of $0.05. This issuance is part of an employee incentive scheme and is not intended to be quoted on the ASX. The move is likely aimed at incentivizing employees and aligning their interests with the company’s long-term growth objectives, potentially impacting the company’s operational strategies and stakeholder engagement.
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.
EQ Resources Limited has entered into a binding term sheet with Traxys Europe S.A. for a €15 million prepayment facility, which will be repaid through monthly concentrate deliveries. This agreement includes a five-year offtake for 3,500 tonnes of WO3, valued at approximately A$400 million. The proceeds will be used to refinance existing debt of its subsidiary, Saloro S.L.U., thereby reducing its overall Spanish debt package and converting the balance into a three-year term debt facility. This strategic move strengthens EQR’s financial position and supports its operations at the Barruecopardo Mine, enhancing supply certainty for global customers.
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.
EQ Resources Limited has announced a proposed issue of 10 million ordinary fully paid securities, scheduled for issuance on January 30, 2026. This move is part of the company’s strategy to raise capital, potentially impacting its operational capacity and market position by enhancing its financial resources.
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.
EQ Resources Limited has announced a proposed issue of 145 million ordinary fully paid securities, scheduled for January 30, 2026. This move is part of a placement or other type of issue, and the company has applied for the quotation of these securities on the ASX, which could potentially enhance its market presence and provide additional capital for its operations.
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.
EQ Resources Limited has announced a proposed issue of 670,000,000 fully paid ordinary securities, with the issuance date set for December 12, 2025. This move is part of a placement or other type of issue, as per the ASX Listing Rules. The announcement signifies a strategic step for EQ Resources Limited, potentially impacting its market positioning and offering new opportunities for stakeholders.
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.
EQ Resources Limited has successfully raised $34 million through a share placement to advance its Mt Carbine mine and strengthen its financial position. The funds will be used to access the high-grade Iolanthe Vein, reduce debt, and support working capital, positioning the company to capitalize on strong tungsten market conditions.
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.
EQ Resources Limited has requested a trading halt on its securities on the Australian Securities Exchange 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 last until the announcement is made or normal trading resumes on December 5, 2025. The trading halt indicates a potentially impactful development for the company’s operations and its stakeholders.
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.