Added to YB: 2026-05-13
Pitch date: 2026-05-11
EQR.AX [neutral]
EQ Resources Limited
Author Info
The Pale Blue Dot is an ex-investment banker with more than a decade of experience in M&A advisory, capital raising and equity derivatives. Sign up for the newsletter.
Company Info
EQ Resources Limited explores for and produces tungsten and mineral resources in Australia. The company also explores for gold deposits.
Market Cap
AUD 1.3B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
651.50
P/E
-38.62
EV/Sales
17.82
Sector
Metals and Mining
Category
turnaround
Updates On Select Portfolio Holdings - EQ Resources Limited
EQR.AX (holding update): Q1 production disappointed at Mt Carbine & Barruecopardo due to rain delays to high-grade Iolanthe vein access. Poor mgmt communication on weather impact despite Feb/Apr claims of being 'on' Iolanthe w/ 'million dollar' revenue days. Worth ~$1bn at $1000/mtu APT (300k mtu/yr, 10x EBITDA). Allied Critical Metals secured $1000/mtu floor offtake. Current APT ~$3000/mtu. Iran war+AI memory chip demand (3D NAND tungsten usage rising) support prices. Holding despite execution concerns given strategic tungsten scarcity+Western producer premium.
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