Australia's EQ Resources gains on board approval to expand Mt Carbine project
03/06/2026 03:03
BUZZ-Australia's EQ Resources gains on board approval to expand Mt Carbine project ** Shares of EQ Resources EQR.AX climb 10.5% to A$0.2375, set for their best session since May 13, if current trends hold
** The tungsten miner's board approves progression of the Mt Carbine Expansion Project at co's Mt Carbine Tungsten Mine in Far North Queensland
** Project expected to be fully commissioned in Q3 FY2027, co adds
** Board approval enables the co to progress its development plans at Mt Carbine, including increased processing capacity and associated infrastructure works
** Stock up 186.1% this year, including the day's move
(Reporting by Sherin Sunny in Bengaluru)
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