EQ Resources Ltd. has achieved a record consolidated monthly revenue of AU$51 million for July, propelled by substantially higher operational output across its primary mining hubs in Australia and Spain.
The global tungsten supplier delivered a total monthly output of 14,255 metric tonne units (mtu), representing a 36 per cent surge compared to June performance.
The result marks the company’s highest monthly production volume since November 2024.
Total consolidated sales reached 14,756 mtu for the month, supported by a record average realised price of US$2,386 per mtu.
The company’s European operation, the Barruecopardo tungsten mine in Spain, served as the primary growth driver for the group.
Production at Barruecopardo jumped 48 per cent month-on-month to reach 9,667 mtu, its highest monthly output since December 2025.
Sales volumes from the Spanish asset reached 11,074 mtu, generating a record AU$39 million in monthly revenue at an average realised price of US$2,449 per mtu.
Simultaneously, EQ Resources’ flagship Australian asset, the Mt Carbine tungsten mine in Far North Queensland, maintained positive operational momentum.
Mt Carbine recorded a 16 per cent production increase over June levels to yield 4,588 mtu for the month.
Sales volumes at the Australian site totalled 3,682 mtu, generating a record AU$12 million in monthly revenue at an average realised price of US$2,195 per mtu.
Tungsten is classified as a critical mineral due to its vital applications in manufacturing, industrial engineering, defence equipment, and clean technologies.
With active production established across both Australia and Western Europe, EQ Resources continues to strengthen its position as a leading supplier of secure tungsten concentrate.
The July operational record underscores the company’s capability to capitalise on favourable global commodity pricing while expanding production scale across its international portfolio.
