EQ Resources Launches $39M Expansion at Mount Carbine Tungsten Mine
EQ Resources has initiated a $39 million expansion at the Mount Carbine tungsten mine in Queensland, aiming to double crushing capacity from 1Mtpa to 2Mtpa. This project is expected to be fully operational by mid-2027, facilitating increased production in response to rising tungsten prices.
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EQ Resources (ASX: EQR) has approved a $39 million expansion at its Mount Carbine tungsten mine in Queensland, intending to alleviate processing bottlenecks and enhance crushing capacity to 2Mtpa by mid-2027. The expansion is projected to increase tungsten trioxide output by approximately 500 tonnes annually, initially utilizing low-grade stockpiles.
The project aims to support a regional hub-and-spoke model involving Wolfram Camp and other opportunities, thereby establishing a comprehensive Queensland tungsten basin. Full plant acceptance and performance testing are scheduled for March 2027, pending procurement and operational factors. The expansion will be funded through existing cash reserves and future operating cash flows.
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