EQ Resources generated record group revenue of A$51 million in July 2026, supported by a 36% increase in consolidated tungsten production. The company produced 14,255 metric tonne units (mtu) during the month, up from 10,481 mtu in June 2026. This figure marks the highest monthly output since November 2024, although it remains below the company's historical peak of 20,721 mtu set in October 2024.

Group sales volumes reached 14,756 mtu, achieving a record average realised price of US$2,386 per mtu.

The output gains were distributed across both of the company’s operating assets. At the Barruecopardo project in Spain, production reached 9,667 mtu for July, representing a 48% increase over the previous month’s output. This performance resulted in record monthly revenue of A$39 million for the project, with an average realised price of US$2,449 per mtu.

The Mt Carbine operation in Queensland also contributed to the record group financial performance. Production at the site reached 4,588 mtu, a 16% increase compared to June 2026. This output generated A$12 million in revenue, also setting a record for the individual project, with an average realised price of US$2,195 per mtu.

The increase in production across the portfolio reflects a shift in monthly output levels compared to the figures reported in June. The growth in volume at both sites, paired with the record realised pricing, underpinned the consolidated financial result for the period.

Read the full announcement: EQR ACHIEVES RECORD REVENUE ON HIGHER PRODUCTION