EQR.ASX: EQR to Increase Mt Carbine Exploration Tenure by 45%

EQR to Increase Mt Carbine Exploration Tenure by 45%

Stock	EQ Resources Ltd (EQR.ASX)
Release Time	7 Jul 2026, 9:01 a.m.
Price Sensitive	Yes

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EQR to Increase Mt Carbine Exploration Tenure by 45%

Key Points

EQR acquires 100% of Aus Critical Minerals and TTTP1
Adds 353 kmÂ² of tungsten-focused tenure in Mareeba district
Increases Mt Carbine tenure to 1,136 kmÂ², with 824km2 under application
Includes Mt White mining lease with surface tungsten stockpiles

Full Summary

EQ Resources Ltd (EQR) has signed agreements to acquire 100% of Aus Critical Minerals Pty Ltd and TTTP1 Pty Ltd, increasing its Mt Carbine tungsten exploration tenure by 45%. The acquisition adds approximately 353 kmÂ² of tungsten-focused land in the Mareeba district of Far North Queensland, bringing EQR's total tenure to approximately 1,136 kmÂ² with a further 824 kmÂ² under application. The package includes the granted Mt White mining lease (ML 20728), located approximately 67 km from the Mt Carbine processing facility, with surface tungsten stockpiles identified for further assessment. The acquisition aligns with EQR's regional hub-and-spoke strategy, providing a broader pipeline of exploration targets and potential future satellite feed optionality around the Mt Carbine processing hub.

Outlook

EQR aims to unlock the value of its broader regional position through systematic mapping, structural analysis, geochemical and geophysical follow-up, and staged scout drilling where warranted.