• Leading producer of critical and strategic tungsten mineral
• Scalable, producing operations in Australia and Spain
• Long-term spot-priced offtake agreements with Western supply chains

EQ Resources is a leading producer of tungsten, a critical and strategic mineral, with scalable operations in Australia and Spain. The company's two principal operations are the Mt Carbine Tungsten Mine in Queensland, Australia, and the Barruecopardo Tungsten Mine in Salamanca, Spain. EQ Resources has extensive experience in developing, operating, and marketing tungsten within its board and management team. The company is strategically positioned as a significant producer of tungsten outside of restricted countries, supplying Europe, North America, and Asian markets through long-term spot-priced offtake agreements. EQ Resources is focused on expanding its operations, with priority initiatives including processing the high-grade Iolanthe Vein at Mt Carbine, installing and commissioning equipment to double the crushing circuit, and commencing resource infill and expansion drilling programs at both the Mt Carbine and Barruecopardo operations. The company also has exploration opportunities at the Wolfram Camp near Mt Carbine, which has the potential to provide high-grade ore to the Mt Carbine processing facility. EQ Resources is well-positioned to capitalize on the structural supply deficit in the global tungsten market, driven by tightening supply and increasing demand from sectors such as defense, aerospace, and clean energy.

EQ Resources is targeting production of over 3,350 tonnes per annum, comprising more than 1,750 tonnes per annum from Mt Carbine and over 1,600 tonnes per annum from Barruecopardo.

EQ Resources is focused on expanding its operations and resource base to capitalize on the structural supply deficit in the global tungsten market. The company is well-positioned as a leading Western non-China supplier of tungsten concentrate, supported by government policy alignment and strategic partnerships.