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Home CompaniesEQ Resources Ltd

EQ Resources Ltd

Basic Materials Other Industrial Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
0.28 AUD -0.03 ( 9.68%)
Last update at 2026-11-06T05:10:00Z
VOLUME
39818131
Market Cap
1609.32M

Momentum Score

…

EQ Resources Limited engages in the exploration, production, and sale of tungsten and mineral resources in Australia and Spain. The company also explores for gold deposits. Its flagship property is the Mt Carbine project comprising ML 4867 covering an area of approximately 358.5 hectares, as well as ML 4919 covering an area of 7.891 hectares located in Far North Queensland. The company was formerly known as Speciality Metals International Limited and changed its name to EQ Resources Limited in December 2020. EQ Resources Limited was incorporated in 2005 and is based in Mount Carbine, Australia.

Source: TradingView
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Day Price Range
0.28
Low
0.30
High
52 Week Price Range
0.04
Low
0.55
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Public filings indicate EQ Resources Ltd (ASX: EQR) is an Australian mineral exploration company focused on identifying and developing resource projects. Long-term growth drivers may include successful exploration outcomes, resource definition, favorable commodity prices and access to project financing, which could support value appreciation and provide leveraged exposure to commodity cycles.
Principal investment risks are those of early-stage explorers: exploration and development execution risk, volatile commodity prices, permitting and regulatory hurdles and the likelihood of equity dilution from future capital raisings.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.31
Dividend Yield
-
Revenue TTM
165.44M
Revenue Per Share
0.04
Gross Profit TTM
69.34M
Debt / Equity
0.24
ROE
7.47%
Net Debt
8.61M
ROCE
10.43%
Diluted EPS TTM
-

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 7.11M -39.31M -30.41M -6.02M -6.06M
Net income 7.11M -39.31M -28.26M -3.72M -6.06M
Selling general administrative - 3.20M 17.52M 7.68M 5.66M
Selling and marketing expenses - 9.75M - -5.57M -
Gross profit 29.92M -3.57M -11.32M -7.17M -5.41M
Reconciled depreciation - - 6.15M 1.42M 0.94M
Ebit 18.62M -28.30M -25.63M -9.65M -5.39M
Ebitda 36.05M -19.65M -19.49M -8.23M -4.45M
Depreciation and amortization 17.43M 8.65M 6.15M 1.42M 0.94M
Operating income 18.62M -16.52M -28.31M -9.65M -5.39M
Other operating expenses 146.82M 82.85M 48.84M 14.69M 11.22M
Interest expense 6.47M 5.60M 2.62M 1.49M 0.64M
Tax provision - 0.00M 0.00M 0.00M 0.00M
Interest income - 5.42M 0.06M 1.71M 1.04M
Net interest income - - -2.57M -1.46M -0.64M
Income tax expense - - -2.15M -2.31M 2.46M
Total revenue 165.44M 66.33M 26.48M 5.04M 4.01M
Total operating expenses 11.29M 12.95M 10.06M 2.49M 11.22M
Cost of revenue 135.52M 69.90M 38.79M 12.21M 9.42M
Total other income expense net -11.51M -22.79M -1.56M 3.63M 1.78M
Net income from continuing ops - - -28.26M -3.72M -6.06M
Net income applicable to common shares - -39.31M -28.26M -3.72M -6.06M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 255.44M 189.27M 166.29M 55.15M 31.28M
Intangible assets 0.12M - - - -
Other current assets 4.89M 5.82M 0.66M 0.82M 0.63M
Total liab 101.17M 152.98M 109.66M 38.84M 16.96M
Total stockholder equity 154.27M 36.29M 56.63M 16.30M 14.32M
Other current liab 26.06M 40.21M 11.66M 9.28M 5.23M
Common stock 198.31M 98.25M 68.34M 27.22M 22.19M
Capital stock - - - 27.22M 22.19M
Retained earnings -63.80M -75.68M -17.39M -14.44M -10.72M
Other liab - - - 11.82M 1.45M
Other assets - - 0.00M 12.70M 7.89M
Cash 28.18M 1.87M 3.49M 5.34M 1.72M
Total current liabilities 76.87M 127.85M 94.18M 24.19M 9.65M
Current deferred revenue 16.31M - 7.18M - 1.56M
Net debt 8.61M 62.90M 40.41M - 4.81M
Short term debt 15.12M 52.26M 43.35M 0.00M 0.67M
Short long term debt - - - 3.49M -
Short long term debt total 36.79M 64.77M 43.90M - 6.53M
Other stockholder equity - - - 3.52M 2.85M
Property plant equipment - - - 28.29M 17.82M
Total current assets 93.06M 31.08M 38.61M 11.60M 5.56M
Long term investments - - - 2.56M 0.01M
Net tangible assets - - - 16.30M 14.32M
Short term investments 0.48M - 0.84M 0.82M -
Net receivables 36.22M 3.86M 16.48M 3.93M 2.32M
Long term debt - - - 1.65M 4.53M
Inventory 23.28M 19.52M 17.15M 0.88M 0.88M
Accounts payable 19.39M 35.38M 31.99M 8.39M 3.75M
Accumulated other comprehensive income 19.76M 13.72M 5.68M - 2.85M
Non currrent assets other 25.49M 26.23M 23.08M 8.21M 7.89M
Non current assets total 162.38M 158.19M 127.67M 43.55M 25.72M
Capital lease obligations - - - 2.09M 2.00M
Long term debt total - - - 2.83M 5.86M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - - -18.90M -10.96M -6.44M
Change to liabilities - - - 5.44M 1.26M
Total cashflows from investing activities -23.43M -11.38M -18.90M -10.96M -6.44M
Net borrowings - - -14.04M 10.98M 8.10M
Total cash from financing activities 55.65M 26.76M 21.56M 16.01M 7.79M
Change to operating activities - - - -0.32M 0.10M
Net income 7.11M -39.31M -28.26M -3.72M -6.06M
Change in cash 26.31M -1.62M -1.85M 3.61M -1.78M
Begin period cash flow 1.87M 3.49M 5.34M 1.72M 3.50M
End period cash flow 28.18M 1.87M 3.49M 5.34M 1.72M
Total cash from operating activities -5.59M -16.92M -12.70M -1.39M -3.11M
Issuance of capital stock - - 36.77M 4.81M -
Depreciation 17.43M 13.73M 7.17M 1.42M 0.94M
Other cashflows from investing activities -3.58M -6.62M -0.04M -3.58M 0.00M
Change to inventory -5.27M - - - -
Change to account receivables -38.70M 2.10M -7.07M -6.35M -0.70M
Sale purchase of stock - 25.70M 36.77M 4.81M 0.00M
Other cashflows from financing activities 9.14M 14.15M -1.60M 20.98M 2.40M
Change to netincome - - - 1.06M 0.82M
Capital expenditures 12.07M 2.28M 14.54M 7.38M 6.45M
Change in working capital -53.36M -13.27M 3.21M -1.23M 0.65M
Stock based compensation - 3.74M - 0.67M 0.41M
Other non cash items 23.22M 18.20M 5.18M 5.88M 2.69M
Free cash flow -17.67M -19.20M -27.24M -8.77M -9.56M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
EQR
EQ Resources Ltd		 -0.03
9.68%		 0.28 - 0.03 9.73 9.42 8.84 47.15
BHP
BHP Group Ltd		 -1.38
2.34%		 57.62 20.70 15.82 5.10 4.00 3.51 6.71
RIO
Rio Tinto Ltd		 -3.11
2.03%		 149.93 14.04 12.02 4.03 2.49 2.85 6.74
GLC
Glencore Plc		 -0.52
5.20%		 9.48 15.15 11.30 0.38 1.95 0.40 7.60
FMG
Fortescue Ltd		 -0.31
2.00%		 15.18 11.31 13.61 2.81 1.51 1.87 4.32

Profile*

EQ Resources Ltd

EQ Resources Limited engages in the exploration, production, and sale of tungsten and mineral resources in Australia and Spain. The company also explores for gold deposits. Its flagship property is the Mt Carbine project comprising ML 4867 covering an area of approximately 358.5 hectares, as well as ML 4919 covering an area of 7.891 hectares located in Far North Queensland. The company was formerly known as Speciality Metals International Limited and changed its name to EQ Resources Limited in December 2020. EQ Resources Limited was incorporated in 2005 and is based in Mount Carbine, Australia.

6888 Mulligan Highway, Mount Carbine, QLD, Australia, 4871

61 7 4094 3072

https://www.eqresources.com.au

259

Name Title Year Born
Mr. Kevin Bruce MacNeill Chief Exec. Officer NA
Ms. Natasha Troughton Fin. & Admin. Mang. NA
Mr. Anthony Lloyd Bainbridge Chief Geologist 1962
Ms. Melanie Jaye Leydin B.Bus, C.A., CA Joint Company Sec. 1973
Ms. Patricia Vanni de Oliveira Joint Company Sec. NA
Mr. Kong Seng Yong CPA Financial Controller 1976
Mr. Kevin Bruce MacNeill Chief Executive Officer NA
Ms. Natasha Troughton Finance & Administration Manager NA
Ms. Melanie Jaye Leydin B.Bus, C.A. Company Secretary 1973
Mr. Kevin Bruce MacNeill Chief Executive Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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