QIC Approves A$20M Funding for Mt Carbine Expansion
Filed with ASX · · 5 pages · English
Summary by 6ix AI
Eq Resources Limited has announced that the Queensland Investment Corporation has approved a funding facility for the expansion of the Mt Carbine Tungsten Mine. This funding aims to enhance the mine's operations and secure a stable supply of tungsten amid increasing global demand. The company plans to utilize the funds for both drilling and trial mining activities to extend the mine's life and production capabilities.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
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Earlier from EQ Resources
- Quarterly Activities and Cash Flow Report March 2024
- Mt Carbine Drilling reveals high-grade zones in stage 2 pit
- Mt Carbine Hits Quarterly Production Record
- Equipment received for doubling of thoroughput capacity
- Saloro XRT Sorting Performance Update
Later from EQ Resources
- Mt Carbine Tungsten Mine receives $2.17m R&D Tax Refund
- EQR Completes A$9.5M Placement
- Mt Carbine Infill Drilling Reveals High Grade Ore In Cutback
- Mt Carbine & Saloro Operations Hit New Production Records
- Final Agreement to Acquire Mt Carbine JV from Cronimet
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