EQ Resources' Mount Carbine Mine Set for Recovery -- Market Talk

Dow Jones

May 23, 2025

2338 GMT - Morgans views recent setbacks at EQ Resources' Mount Carbine tungsten mine in Queensland state as a blip. Production fell by more than 50% in the three months through December due to the availability of process water, according to analyst Chris Brown. Then, seasonal wet weather stymied efforts to bring in consumables, including explosives, from Townsville, and production fell further. "Our expectation is for a return to normal operating conditions for the balance of 2025," says Morgans. "We expect a major turn-around for Mt Carbine, returning to previous mining rates, and benefiting from an increased head grade." Morgans, which rates EQ Resources as a "speculative buy," expects the operation will be cash flow positive. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 22, 2025 19:38 ET (23:38 GMT)

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Production fell by more than 50% in the three months through December due to the availability of process water, according to analyst Chris Brown. Then, seasonal wet weather stymied efforts to bring in consumables, including explosives, from Townsville, and production fell further. \"Our expectation is for a return to normal operating conditions for the balance of 2025,\" says Morgans. \"We expect a major turn-around for Mt Carbine, returning to previous mining rates, and benefiting from an increased head grade.\" Morgans, which rates EQ Resources as a \"speculative buy,\" expects the operation will be cash flow positive. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2025 19:38 ET (23:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EQ Resources' Mount Carbine Mine Set for Recovery -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEQ Resources' Mount Carbine Mine Set for Recovery -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-23 07:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  2338 GMT - Morgans views recent setbacks at EQ Resources' Mount Carbine tungsten mine in Queensland state as a blip. Production fell by more than 50% in the three months through December due to the availability of process water, according to analyst Chris Brown. Then, seasonal wet weather stymied efforts to bring in consumables, including explosives, from Townsville, and production fell further. \"Our expectation is for a return to normal operating conditions for the balance of 2025,\" says Morgans. \"We expect a major turn-around for Mt Carbine, returning to previous mining rates, and benefiting from an increased head grade.\" Morgans, which rates EQ Resources as a \"speculative buy,\" expects the operation will be cash flow positive. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2025 19:38 ET (23:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EQ","symbol_name":"Equillium Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2537737169","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537737169","pubTimestamp":1747957080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2338 GMT - Morgans views recent setbacks at EQ Resources' Mount Carbine tungsten mine in Queensland state as a blip. Production fell by more than 50% in the three months through December due to the availability of process water, according to analyst Chris Brown. Then, seasonal wet weather stymied efforts to bring in consumables, including explosives, from Townsville, and production fell further. \"Our expectation is for a return to normal operating conditions for the balance of 2025,\" says Morgans. \"We expect a major turn-around for Mt Carbine, returning to previous mining rates, and benefiting from an increased head grade.\" Morgans, which rates EQ Resources as a \"speculative buy,\" expects the operation will be cash flow positive. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EQ":"Equillium Inc.","BK4568":"美国抗疫概念","BK4139":"生物科技","EQR.AU":"EQ RESOURCES LTD","BK7095":"多种金属与采矿"},"translate_title":"EQ Resources的Mount Carbine矿即将恢复——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EQ":1,"EQR.AU":0.9},"content_text":"2338 GMT - Morgans views recent setbacks at EQ Resources' Mount Carbine tungsten mine in Queensland state as a blip. Production fell by more than 50% in the three months through December due to the availability of process water, according to analyst Chris Brown. Then, seasonal wet weather stymied efforts to bring in consumables, including explosives, from Townsville, and production fell further. \"Our expectation is for a return to normal operating conditions for the balance of 2025,\" says Morgans. \"We expect a major turn-around for Mt Carbine, returning to previous mining rates, and benefiting from an increased head grade.\" Morgans, which rates EQ Resources as a \"speculative buy,\" expects the operation will be cash flow positive. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 22, 2025 19:38 ET (23:38 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}