EQ Resources Restarts Higher-Grade Mining at Barruecopardo
EQ Resources Limited (ASX: EQR) has resumed mining operations at its Barruecopardo tungsten mine in Spain after successfully removing approximately 1.9 million cubic metres of water that accumulated following a severe one-in-50-year rainfall event during Q3 FY2026. The restart of mining in the southern pit restores access to around 1.2 million tonnes of higher-grade ore averaging 0.186% tungsten. The company completed the first production blast on 8 July 2026, with the initial ore delivered to the processing plant on 10 July 2026, marking the return to normal mining activities.
The restart supports EQ Resources' strategy of strengthening tungsten production from its flagship operations in Australia and Spain while leveraging advanced processing capabilities. Management stated that the recommencement aligns with its objective of expanding high-quality critical mineral output and creating long-term shareholder value through operational growth and disciplined resource development. The company also confirmed that previously announced Mineral Resource and Ore Reserve estimates, along with the underlying technical assumptions, remain unchanged, providing continued confidence in the project's production outlook.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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EQ Resources Restarts Higher-Grade Mining at Barruecopardo
EQ Resources Limited (ASX: EQR) has resumed mining operations at its Barruecopardo tungsten mine in Spain after successfully removing approximately 1.9 million cubic metres of water that accumulated following a severe one-in-50-year rainfall event during Q3 FY2026. The restart of mining in the southern pit restores access to around 1.2 million tonnes of higher-grade ore averaging 0.186% tungsten. The company completed the first production blast on 8 July 2026, with the initial ore delivered to the processing plant on 10 July 2026, marking the return to normal mining activities.
The restart supports EQ Resources' strategy of strengthening tungsten production from its flagship operations in Australia and Spain while leveraging advanced processing capabilities. Management stated that the recommencement aligns with its objective of expanding high-quality critical mineral output and creating long-term shareholder value through operational growth and disciplined resource development. The company also confirmed that previously announced Mineral Resource and Ore Reserve estimates, along with the underlying technical assumptions, remain unchanged, providing continued confidence in the project's production outlook.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au