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Tungsten

Mar 31, 2021
EQ Resources starts Mount Carbine drill program

EQ Resources starts Mount Carbine drill program

EQ Resources has kick-started a feasibility study for expanding production from the Mount Carbine tungsten mine with a drilling program near the site’s historical open pit. Contractor DDH1 Drilling is carrying out the six-hole drill program at the Far North Queensland site. EQ Resources says its geology team is targeting the identification and potential for… ...

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Mar 15, 2021
EQ Resources raises capital for Mount Carbine growth

EQ Resources raises capital for Mount Carbine growth

EQ Resources is raising $6.5 million in a share placement to fast-track the expansion of its Mount Carbine tungsten operations and the site’s underground mine development. It comes after the company last month announced it was making a bid for Northern Australia Infrastructure Facility (NAIF) funding to take its Mount Carbine tungsten operations in Far… ...

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Feb 08, 2021
Tungsten firm on hunt for expansion funds

Tungsten firm on hunt for expansion funds

Mount Carbine tungsten mine owner EQ Resources has engaged Rock Financial Advisory to secure funding to expand the Far North Queensland operation. EQ Resources expects to start approaching commercial and government financiers for debt funding within the next two weeks. EQ Resources, in joint venture with CRONIMET Group, has shipped concentrate to tungsten manufacturers in… ...

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Feb 06, 2021
Look north to turn the tungsten tide

Look north to turn the tungsten tide

Tungsten hit national headlines this week when King Island Scheelite secured a $10 million government loan to redevelop its Dolphin tungsten project in Tasmania, with the move heralded as a chance to break China’s stranglehold on a key commodity. But at the other end of the country, EQ Resources is already exporting tungsten from its… ...

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Jan 13, 2021
Progress on underground plans at Mount Carbine

Progress on underground plans at Mount Carbine

Mount Carbine owner EQ Resources is advancing preparations to reopen the 430m long historical decline at the Far North Queensland tungsten mine. The company says it has received the green light from the Department of Environment and Science to allow underground sampling and exploration. “This is another positive step towards our aim of being a… ...

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Nov 17, 2020
Explorer hits ‘jackpot’ with gold-rich discovery

Explorer hits ‘jackpot’ with gold-rich discovery

Transition Resources says it has ‘hit the jackpot’ near Cloncurry, identifying a multi-billion-tonne, gold-rich mineral system in its tenements. Recent drilling confirmed the system was capable of hosting high-grade gold and new economy metals such as tungsten, cobalt, and highly sought-after heavy rare earth elements, Transition Resources founder David Wilson said. He described the ne...

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Nov 14, 2020
Mount Carbine shortlisted for environmental award

Mount Carbine shortlisted for environmental award

Mount Carbine operator Speciality Metals has been named as a finalist in the environmental category of this year’s Association of Mining and Exploration Companies (AMEC) awards. The company is exploiting a 12-million-tonne waste rock dump from historical mining operations at the Far North Queensland tungsten site and also has a retreatment operation underway, extracting tungsten… ...

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Sep 07, 2020
Sorting trials positive for FNQ tungsten growth

Sorting trials positive for FNQ tungsten growth

Speciality Metals International says it is receiving excellent early results from the use of XRT ore sorting technology on stockpiles at Mount Carbine in Far North Queensland. The test work program is supported by a $220,000 grant under the Queensland METS Collaborative Projects Fund. The company says the results support its plan to exploit historical… ...

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Jul 24, 2020
Mount Carbine sorting work wins research funding

Mount Carbine sorting work wins research funding

A mine waste transformation project in Far North Queensland has won a grant of $220,000 under the Queensland METS Collaborative Projects Fund. The work is happening at Speciality Metals International’s Mount Carbine tungsten operation. Joint venture partners Speciality Metals and Cronimet have been trialling sensor-based ore sorting to extract +10mm to 40mm high-grade tungsten particles̷...

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