Environmental Authority to Resume Open Pit Mining Secured
Filed with ASX · · 3 pages · English
Summary by 6ix AI
EQ Resources Limited has secured an Environmental Authority to resume open pit mining at the Mt Carbine Tungsten Mine, which is Australia's only primary tungsten producer. The company plans to start mining from the Andy White Open Pit, with expectations of higher-grade ore compared to current stockpiles. Upgrades to the processing plant are underway to significantly increase tungsten concentrate production. The company aims to become a major tungsten producer, addressing the supply chain challenges posed by dominant global players.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from EQ Resources
- Drilling confirms high-grade mineralised system
- Iron Duke Discovery and Potential Pit Extension
- Drilling Targeting New Discoveries and Potential Expansion
- Strong BFS Update Delivers 59% Increase in NPV
- Quarterly Activities and Cash Flow Report September 2022
Later from EQ Resources
- EQ Resources gets approval to start tungsten mining at Mt Carbine
- Mt Carbine Mining Leases Renewed For 19 Years
- 64% Increase of Mt Carbine Indicated Resources (In-Situ)
- Response to ASX Price Query Letter
- Quarterly Activities and Cash Flow Report March 2023
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