Early Works Expansion Funding ahead of BFS
Filed with ASX · · 4 pages · English
Summary by 6ix AI
Eq Resources Limited has secured funding for early works related to the expansion of the Mt Carbine tungsten mine, ahead of the release of its Bankable Feasibility Study. The company raised funds through the issuance of convertible notes, which will be used to enhance production capabilities and support ongoing resource investigations. The expansion aims to increase production from a low-grade ore stockpile and reinitiate open pit mining operations. An updated resource estimate will be released soon, which will support the feasibility study and ongoing development plans.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Earlier from EQ Resources
- Mt Carbine Hits Bonanza Grades Under Open Pit
- Quarterly Activities and Cash Flow Report June 2021
- EQR Drilling at Mt Carbine Hits Iron Duke Extensions
- Mt Carbine - More High Grade Intercepts
- EQR Hits High-Grade Tungsten Zones Below Open Pit
Later from EQ Resources
- Mineral Resource Update Drives Mt Carbine BFS Optimization
- Quarterly Activities and Cash Flow Report September 2021
- Mt. Carbine BFS Delivers Strong Early Cash Flow
- Mt. Carbine BFS Webinar Presentation
- Federal Government Co-Invests in High-Tech Ore-Sorting
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