EQR eq resources limited

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4.1¢

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-152

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JandJ

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22/02/25

12:23

Post #: 77977069
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Originally posted by plonka: ↑

JandJ I haven't seen you on the EQR threads before so you may find the following tidbit interesting. The story goes that Cronimet had great success with XRT sorters and believed they could apply the technology to tungsten deposits with great outcomes. They searched globally for a deposit that had the characteristics they were chasing and which they thought they could make a good go of. They found Mt Carbine back in the SEI days and sent Kevin and a wad of cash and took it and stood up the LGS XRT trials and slowly built from there. Now they are a major shareholder and Kevin is still working his magic. Saloro in Spain was another site they thought they could get good results from based on implementing XRT sorters. Wolfram camp they believe is amenable to XRT sorting as it shares similar characteristics to Mt Carbine but they are only getting started there.

I guess the tldr of it is EQR today is what it is due to XRT sorting.

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Thanks for that - Ore sorters also in use at VTX gold mine (take a look, they work well) and proposed for AW1's storm copper project.

But obviously they wont work in, for example, an ore where the gold is fine and widely spread over the whole ore body (that was the type of ore at Mt Morgan, I recall from memory)

Thanks again for history, always good to know. I'm here for the price appreciation of tungsten, into USA by current off-take agreements.

Cheers.

EQR Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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