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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 |
|---|---|---|---|---|---|---|---|
63 Neutral | AU$218.79M | 122.86 | 1.08% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$223.48M | -19.35 | -27.95% | ― | ― | -43.08% | |
50 Neutral | AU$90.41M | -3.40 | -18.67% | ― | ― | 53.31% | |
44 Neutral | AU$438.45M | -6.06 | -84.61% | ― | 149.43% | 1.20% | |
44 Neutral | AU$160.47M | -33.33 | -39.06% | ― | ― | 25.00% |
EQ Resources Limited Corporate Events
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.
EQ Resources Limited announced the results of its Annual General Meeting held on November 27, 2025. All resolutions, including the adoption of the remuneration report, re-election of Mr. Stephen Layton, election of Mr. Craig Bradshaw, issuance of options to Mr. Bradshaw, and approval of a 10% placement facility, were carried with significant majority votes. These outcomes reflect strong shareholder support and are expected to positively impact the company’s governance and strategic growth initiatives.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.05 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 updated its Annual Report for 2025, reflecting new geological, metallurgical, and operational work at its Mt Carbine and Barruecopardo tungsten mines. The updates, based on studies by qualified professionals, confirm that all material assumptions and technical parameters remain current, ensuring the company’s continued focus on maintaining robust production targets and financial forecasts.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.05 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, a prominent tungsten producer, is actively working on refinancing its €20 million Spanish debt, with €15 million due in December 2025 and €5 million in January 2026. The company has received term sheets for refinancing, including a repayment plan involving €3.5 million from available cash and new term facilities for the remaining balance. Discussions with Spanish lenders are progressing well, supported by Oaktree Capital Management’s Letters of Guarantee, ensuring continuity while new financing arrangements are finalized.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.05 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 132,879,398 fully paid ordinary shares at an issue price of $0.032 following shareholder approval. This move, compliant with the Corporations Act, aims to support the company’s growth in the tungsten mining sector, enhancing its position as a key player 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 the quotation of 132,879,398 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 21, 2025. This move is part of previously announced transactions and is expected to enhance the company’s financial flexibility and market presence.
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 webinar scheduled for November 20, 2025, to update shareholders and investors on recent milestones at its Mt Carbine and Barruecopardo Tungsten Mines. The webinar will cover topics such as the global tungsten market, operations updates, exploration pipeline, debt refinancing, and governance. This announcement reflects the company’s ongoing efforts to enhance its operations and maintain its position as a leading tungsten supplier, potentially impacting its market presence and stakeholder interests.
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 issued 766,461 fully paid ordinary shares at a price of $0.036 each without disclosure to investors, as permitted under the Corporations Act. This move aligns with the company’s compliance with relevant legal provisions and supports its strategic focus on expanding its tungsten assets, enhancing its position in the critical minerals sector.
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 application for the quotation of 766,461 ordinary fully paid securities on the ASX, issued as consideration for a consultancy agreement. This move is part of the company’s strategy to optimize its financial operations and enhance its market presence, potentially impacting its stakeholders by increasing liquidity and market capitalization.
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 the cessation of 19,451,674 securities due to the expiry of options or other convertible securities without exercise or conversion as of November 7, 2025. This development may impact the company’s capital structure and could have implications for its financial strategy and stakeholder interests.
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 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.