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EQ Resources Limited (ASX:EQR)
ALERT: Price-sensitive ASX Announcement for EQR
Current share price for EQR : $0.285 0.239 (519.57%)+
Release
22 Oct 2025 9:28AM
Price at Release
$0.046
Full Release
Summary
EQ Resources Limited, a global tungsten producer with operations in Australia and Spain, announced a significant 39% increase in ore reserves at its Barruecopardo Mine in Spain. This increase extends the mine's life to 2034, based on an updated reserve estimate effective from 30 June 2025. The improvement results from a comprehensive program focused on enhancing mine performance and recovery rates, along with recent increases in tungsten prices. The updated ore reserve, validated by independent consultant Mining Sense Global SL, reflects ongoing optimization of mine plans and resource assessments since EQR acquired the mine in January 2024.
Key Points
- 39% increase in Barruecopardo Mine ore reserves.
- Updated reserve estimate effective 30 June 2025.
- Mine life extended to 2034.
- Significant performance and recovery improvements at the mine.
- Enhanced operational and cost performance.
- Recent rises in tungsten prices due to supply shortages.
- Continuous optimization of mine plans by EQR's technical team.
- Work validated by Mining Sense Global SL.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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