Barruecopardo Tungsten Mine Key Facts
| Location | Barruecopardo, Salamanca Province, Spain |
| Ownership | 100% EQR-owned (via Saloro S.L.U.) |
| Status | In Production |
| Commodity | Tungsten concentrate (scheelite) |
| Mineral Resource | 20.22Mt @ 0.193% WO₃ (as at 30 June 2026) |
| Contained Tungsten | 3.894 million mtu WO₃ |
| Ore Reserve | 12.16Mt @ 0.13% WO₃ (as at 30 June 2026) |
| Mining Lease | Valid to 1 November 2041 |
| FY26 Production | 90,666 mtu WO₃ |
| September 2026 Quarter | 34,088 mtu WO₃ (record quarter, up 123% QoQ) |
| Targeted Production | >160,000 mtu p.a. (aspirational production target only) |
| Exploration Tenure | 8 adjacent exploration tenements |
| Processing | Crushing, XRT ore sorting and gravity separation |
Mineral Resource as at 30 June 2026, reported under the JORC Code (2012) in the EQ Resources Limited 2026 Annual Report (released to ASX on 30 September 2026). FY26 production from the 2026 Annual Report; September 2026 quarter production from the 6 October 2026 quarterly update. Targeted production is an aspirational target only and is not a formal production target, guidance or forecast.
Forward-looking statements: this page contains forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. Please read our Terms and conditions.
Growth Focus
Optimising plant performance and recoveries
Building on expanded XRT sorting and processing capability
Improving ore access and feed grade consistency
Supporting more stable production from the open pit
36-hole, ~12,155m resource definition and expansion drilling program
Testing depth and northern and southern extensions
Growing resources, reserves and mine life
Converting drilling and technical work into a stronger long-term operating base
Advancing the Iberian regional platform
Exploration across 8 adjacent tenements surrounding Barruecopardo
Mineral Resources as at 30 June 2026 (JORC Code 2012)
| Classification (In-Situ) | Tonnes (Mt) | Grade (% WO₃) | WO₃ (mtu) |
|---|---|---|---|
| Measured | 6.85 | 0.177% | 1,214,272 |
| Indicated | 9.52 | 0.177% | 1,682,554 |
| Inferred | 3.85 | 0.259% | 997,546 |
| Total | 20.22 | 0.193% | 3,894,372 |
Barruecopardo Mineral Resources as at 30 June 2026, from the EQ Resources Limited 2026 Annual Report. Totals may not add up due to rounding.
Ore Reserves as at 30 June 2026 (JORC Code 2012)
| Category | Tonnes (Mt) | Grade (% WO₃) | WO₃ (mtu) |
|---|---|---|---|
| Open Cut – Proved | 2.40 | 0.14% | 329,842 |
| Open Cut – Probable | 9.21 | 0.14% | 1,254,807 |
| Open Cut – Total | 11.61 | 0.14% | 1,584,649 |
| Ore Stockpile – Proved | 0.05 | 0.10% | 5,048 |
| Open Cut & Ore Stockpile – Total | 11.66 | 0.14% | 1,589,697 |
| Marginal Stockpile – Proved | 0.18 | 0.05% | 9,155 |
| Scalping Stockpile – Proved | 0.32 | 0.06% | 18,652 |
| Total Ore Reserve | 12.16 | 0.13% | 1,617,504 |
Barruecopardo Ore Reserves as at 30 June 2026, from the EQ Resources Limited 2026 Annual Report. Totals may not add up due to rounding.
The information on this page relating to Mineral Resources and Ore Reserves is extracted from the Annual Mineral Resources and Ore Reserves Statements in the EQ Resources Limited 2026 Annual Report, released to ASX on 30 September 2026. The Mineral Resources are based on information prepared by Mr Jörg Pohl (Competent Person, EurGeol) and the Ore Reserves on information prepared by Mr Jesús María Montero González (Competent Person, FAusIMM) and reviewed by Mr Hugh Thompson (FAusIMM). EQR confirms that it is not aware of any new information or data that materially affects the information included in that announcement and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. EQR confirms that the form and context in which the Competent Persons' findings are presented have not been materially modified from that announcement.