Added to YB: 2026-07-24
Pitch date: 2026-07-22
EQR.AX [neutral]
EQ Resources Limited
Author Info
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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 1.4B
Pitch Price
AUD 0.27
Price Target
N/A
Dividend
N/A
EV/EBITDA
711.57
P/E
-41.59
EV/Sales
19.47
Sector
Metals and Mining
Category
growth
Australia's biggest tycoon buys 17% of EQR
EQR.AX (update): Billionaire Andrew Forrest (Fortescue founder) buys 16.8% stake (862M shares) from Oaktree in $189.7M AUD off-market block trade—no dilution, gains board seat. Largest Western tungsten producer (Mt Carbine, Barruecopardo) as China controls 85% supply. Catalysts: IRA/CRMA subsidies, offtake contracts, potential Nasdaq dual-listing for valuation uplift.
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