• The Board approved a $39m expansion project at Mt Carbine.
• Expected to increase processing capacity from 1 mtpa to 2 mtpa.
• Project aims to boost production by 500 WO3 tonnes per annum.

EQ Resources Ltd has announced the Board's approval for the Mt Carbine Expansion Project, valued at A$39 million. This project aims to enhance the mine's processing capacity from approximately 1 million tonnes per annum to 2 million tonnes per annum, streamlining operations and improving material handling efficiency. The expansion is expected to increase tungsten production by 500 WO3 tonnes annually, leveraging low-grade stockpiles and potential future ore sources. The project is planned for commissioning in Q3 FY2027, funded through current and future cash flows. The initiative aligns with the company's strategy to maximize value from existing operations and develop a regional tungsten hub, enhancing Mt Carbine's position as a key player in the tungsten market.

The expansion project is expected to improve plant efficiency and reduce operating costs, positioning Mt Carbine as a more cost-competitive tungsten producer.