EQ Resources Boosts Saloro Sorting Capacity by 50% to 150 Tonnes per Hour
EQ Resources has successfully commissioned a third XRT ore sorter at its Saloro tungsten operation, increasing sorting capacity by 50% and improving processing efficiency. An updated ore reserve estimate is expected in early Q4 2025, reflecting operational gains and stronger tungsten prices.
- Third XRT ore sorter commissioned, boosting capacity to 150 tonnes per hour
- Ore sorting removes approximately 60% of waste rock early, cutting processing costs
- Saloro ore reserve update underway, results due early Q4 2025
- Positive impact from recent tungsten price improvements factored into reserve update
- Discussions ongoing for US EXIM funding to support further capacity expansion
Operational Expansion at Saloro
EQ Resources Limited (ASX, EQR) has announced a significant milestone at its Saloro tungsten operation with the successful commissioning and ramp-up of a third XRT ore sorter. This addition increases the ore sorting capacity by 50%, from 100 to 150 tonnes per hour, marking a notable enhancement in the plant’s throughput capabilities.
The XRT ore sorting technology plays a crucial role early in the processing flowsheet by removing approximately 60% of barren waste rock. This debulking step not only improves the efficiency of the downstream gravity processing plant but also reduces operational costs by concentrating higher-grade material for further processing.
Efficiency Gains and Cost Optimisation
Since its initial deployment, the XRT sorting circuit has proven to be a highly effective method for improving plant performance. By eliminating low-grade and waste material upfront, the operation benefits from a more streamlined processing flow, which translates into lower energy consumption and reduced wear on processing equipment.
EQ Resources’ Executive Chairman, Oliver Kleinhempel, highlighted the positive environmental and commercial impacts of the technology, emphasizing the company’s commitment to sustainable mining practices. The ongoing improvements at Saloro reflect a broader strategy to optimise costs while enhancing production growth.
Upcoming Ore Reserve Update
Alongside the operational upgrade, EQ Resources has commenced a periodic update of its Saloro Ore Reserve. This review incorporates the benefits of the expanded ore sorting capacity and the recent positive movements in tungsten prices. The company currently references a tungsten price of $450 per metric tonne unit (mtu), which is a conservative estimate compared to the Fastmarkets APT quotation of $520/mtu.
The updated ore reserve figures are expected to be released at the beginning of the fourth quarter of calendar year 2025. Investors will be keen to see how the enhanced processing efficiency and improved market conditions translate into the company’s resource base and future production potential.
Funding and Future Growth Prospects
EQ Resources is also progressing discussions with US EXIM and other interested parties to secure funding that would support further expansion of the XRT sorting capacity at its Mt Carbine operation in Queensland. If successful, this could double the sorting capacity, further strengthening the company’s position in the global tungsten market.
With five XRT units now in operation across its Australian and Spanish assets, EQ Resources is leveraging advanced technology to maintain its competitive edge and deliver shareholder value through sustainable and efficient mining practices.
Bottom Line?
The upcoming ore reserve update and funding developments will be key to assessing EQ Resources’ growth trajectory in the evolving tungsten market.
Questions in the middle?
- How significantly will the ore reserve update impact EQ Resources’ valuation and production forecasts?
- What are the timelines and terms for the potential US EXIM funding to expand sorting capacity further?
- How will ongoing tungsten price volatility affect the company’s operational and financial outlook?