EQ Resources Expands Queensland Tungsten Footprint

MT Newswires Live07-13 05:40

EQ Resources (ASX:EQR) completed the acquisition of Aus Critical Minerals and TTTP1, adding around 353 square kilometers to its tungsten-focused exploration landholding in Far North Queensland, according to an Australian bourse filing on July 10 after market hours.

The acquisition, completed for AU$900,000 in cash and 30 million company shares, expands the company's Mt Carbine tenure to 1,136 square kilometers from 783 square kilometers, with a further 824 square kilometers under application, and adds the granted Mt White mining lease, the filing said.

The company will begin exploring the new tenements in fiscal 2027 with mapping, structural analysis, geochemical and geophysical surveys, and phased scout drilling, the filing added.

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