EQ Resources Q1 FY2026 Production and Financial Update
Key points
- Highest quarterly production since Q1 FY2024, producing 13,050 mtu for the quarter
- Record 1.1 mt of material moved for the quarter, representing a 29% increase (QoQ)
- Available cash on hand at 30 June 2026 of A$28 m, representing an 82% increase (QoQ)
- Record sales for the quarter totalled A$79 m, representing a 140% increase (QoQ)
- Production totalled 118,946 mtu for the year ending 30 June 2026, representing a decrease of 29% (YoY)
Full summary
EQ Resources Ltd, a global tungsten producer, reported a strong quarter ending June 30, 2026. The company achieved its highest quarterly production since Q1 FY2024, producing 13,050 mtu, a 175% increase QoQ. Material moved reached a record 1.1 mt for the quarter, up 29% QoQ. Cash on hand increased to A$28 m, up 82% QoQ. Sales reached a record A$79 m, up 140% QoQ. For the year, production decreased 29% YoY to 118,946 mtu, while sales increased 142% YoY to A$160 m. Cash held at 30 June 2026 was A$28 m, up 1,384% YoY.
Guidance
Record sales for the quarter totalled A$79 m, representing a 140% increase (QoQ)
Outlook
EQ Resources aims to create shareholder value through exploration and development of its project portfolio and evaluation of corporate opportunities.
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