EQR ACHIEVES RECORD REVENUE ON HIGHER PRODUCTION
Released
Released
Announcement PDF
resourcing the new economy for a better tomorrow
REGISTERED OFFICE: Level 7A, 410 Queen Street, Brisbane QLD 4000, Australia
PRINCIPAL PLACE OF BUSINESS: 6888 Mulligan Highway, Mt Carbine Qld 4871
POSTAL ADDRESS: PO Box 1496, Mareeba Qld 4880
ABN: 77 115 009 106 (ASX: EQR)
T: (07) 4094 3072 | F: (07) 4094 3036 | W: eqresources.com.au
5 August 2026
EQR ACHIEVES RECORD REVENUE ON HIGHER PRODUCTION
EQ Resources Ltd is a global tungsten producer with mining activities in Australia and Spain.
EQ Resources Limited (“EQR” or “the Company”) (ASX: EQR) is pleased to provide the following production,
sales and revenue update for July 2026:
Group
• Consolidated production totalled 14,255 mtu for the month, representing an increase of 36% from June
2026 and the highest monthly production since November 2024.
• Consolidated sales volumes totalled 14,756 mtu, generating record revenue of A$51 million for the
month, with a record average realised price of US$2,386 per mtu.
Barruecopardo
• Production totalled 9,667 mtu for the month, representing an increase of 48% from June 2026 and the
highest monthly production since December 2025.
• Sales volumes totalled 11,074 mtu, generating a record A$39 million in revenue for the month.
• Average realised price of US$2,449 per mtu.
Mt Carbine
• Production totalled 4,588 mtu for the month, representing an increase of 16% from June 2026.
• Sales volumes totalled 3,682 mtu, generating a record A$12 million in revenue for the month.
• Average realised price of US$2,195 per mtu.
Released on the authority of the Board by: Further Enquiries:
Craig Bradshaw Rosalyn MacNeill
Managing Director ir@eqresources.com.au
About the Company
EQ Resources Limited is a leading global tungsten mining company dedicated to sustainable mining and processing
practices. The Company is listed on the Australian Securities Exchange, with a focus on expanding its world-class
tungsten assets at Mt Carbine in North Queensland (Australia) and at Barruecopardo in the Salamanca Province (Spain).
resourcing the new economy for a better tomorrow
Page 2
The Company leverages advanced minerals processing technology and unexploited resources across multiple
jurisdictions, with the aim of being a globally leading supplier of the critical mineral, tungsten. The Company aims to
create shareholder value through the exploration and development of its current project portfolio whilst continuing to
evaluate corporate and exploration opportunities within the new economy and critical minerals sector globally.
Forward-looking Statements
This announcement may contain forward-looking statements. Often, but not always, forward-looking statements can
generally be identified by the use of forward-looking words such as ‘may’, ‘will’, ‘expect’, ‘intend’, ‘plan’, ‘estimate’,
‘anticipate’, ‘continue’, and ‘guidance’, or other similar words and may include, without limitation, statements regarding
plans, strategies and objectives of management, anticipated production or construction commencement dates and
expected costs or production outputs. Forward-looking statements inherently involve known and unknown risks,
uncertainties and other factors that may cause the Company’s actual results, performance and achievements to differ
materially from any future results, performance or achievements. Relevant factors may include, but are not limited to,
changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and
demand for production inputs, the speculative nature of exploration and project development, including the risks of
obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks,
changes to the regulatory framework within which the Company operates or may in the future operate, environmental
conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and
litigation. Forward-looking statements are based on the Company and its management’s good faith assumptions relating
to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and
operations in the future. The Company does not give any assurance that the assumptions on which forward-looking
statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any
material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the
Company’s control. Although the Company attempts and has attempted to identify factors that would cause actual actions,
events or results to differ materially from those disclosed in forward-looking statements, there may be other factors that
could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and
many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue
reliance on forward-looking statements. Forward-looking statements in these materials speak only at the date of issue.
Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this
information the Company does not undertake any obligation to publicly update or revise any of the forward-looking
statements or to advise of any change in events, conditions or circumstances on which any such statement is based.
Neither the Australian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the
Australian Securities Exchange) accepts responsibility for the adequacy or accuracy of this announcement.
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