EQR.ASX: Quarterly Activities Report for Quarter Ended 30 June 2026
Key points
- Record A$22.5 million operating cash flow generated
- Production increased by 176% at Mt Carbine
- Tungsten prices increased by 559% year-on-year
- Mt Carbine expansion project approved
- Administrative error identified with potential revenue increase of US$12.2 million
Full summary
EQ Resources Ltd reported significant operational and financial achievements for the quarter ended 30 June 2026. The company generated a record A$22.5 million in operating cash flow, with cash on hand at A$28 million and A$17 million in accounts receivable. Production at Mt Carbine increased by 176% to 13,050 metric tonnes units (mtu), driven by higher-grade ore from the Iolanthe vein system. Tungsten prices also surged, with a 559% increase year-on-year. The company approved a A$39 million expansion project at Mt Carbine, targeting full commissioning in Q3 FY2027. Additionally, an administrative error was identified that could potentially increase revenue by US$12.2 million.
Outlook
EQ Resources Ltd anticipates continued growth in production and revenue, supported by the Mt Carbine expansion project and favorable tungsten market conditions.
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