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Resources we maximize tungsten recovery ,” Kevin points out . “ Our collaboration with governments and other industry partners strengthens our supply chains , whilst ongoing research and implementation of advanced mining technologies will continue to improve extraction processes and minimize waste materials . This approach positions EQR as a vital supplier to end users , especially in light of China tightening their export controls and the United States rising import tariffs on tungsten products .”
EQR operates in Tier 1 jurisdictions with established mining histories , providing stability and strategic advantages . By targeting downstream processing capabilities through acquisitions and strategic partnerships , EQR aims to further strengthen its supply chain and enhance shareholder value . Kevin expands : “ While we are focused on exploring and developing our current portfolio , we are also evaluating corporate and exploration opportunities in the critical minerals sector . By maximizing production efficiency and strengthening strategic partnerships , we aim to create long-term value for our shareholders .”
Robust roadmap
With 2024 quickly coming to a close , the long-term strategies are already beginning to pay off . Kevin explains : “ We achieved record monthly production at both operations in August 2024 , thanks to improved ore grades and equipment upgrades . Moving forward , we aim to sustain this momentum . We also want to continue to reduce operational costs following our transition to owner-operator mining at Mount Carbine . As well as this , we continue to explore new investment opportunities to solidify our market position .”
EQR is building on this success with some exciting projects that Kevin draws attention to . “ We have been awarded a 488-squarekilometer exploration permit for the Wolfram Camp tin-tungsten field in North Queensland
within a prominent tungsten cluster . The site has the potential to be developed into a critical mineral hub due to its proximity to current Mount Carbine operations and other historical tungsten operations .
“ EQR has secured 250,000 dollars ’ worth of funding through Queensland ’ s mining equipment , technology and services collaborative project fund . This funding will support advanced XRT ore sorting trials aimed at assessing the redevelopment potential of the historic Wolfram Camp tungsten mine . This collaborative project involves partnerships with Tomra Ore Sorting and the University of Queensland ’ s Sustainable Minerals Institute .”
Looking further afield Kevin outlines the company ’ s bold ambitions for the future . “ EQR aspires to solidify its positioning as the leading independent tungsten producer in the western world , with expanded production capabilities and a strong commitment to sustainability and innovation . Our roadmap includes strategic investments , partnerships , the continued implementation of advanced technologies , as well as a strong focus on sustainable practices to achieve this vision .” ■
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