Ann: EQR to Acquire 100% interest in Tungsten Metals Group, page-31

And another building block is tactically placed in the EQ Resources domain.
Are we recognising a strategic pattern here ?

2 producing mines in 2 hemispheres plus Wolfram Camp coming into play
And now the best ferro tungsten plant ex-China being brought into the fold
EQR have established solid relationships with multiple Govts - Qld, Aust Comm, USA, etc via critical mineral alliances in many countries
And now we have added Vietnam

I'm tipping the next building block to fall into place will be financial support from one (or perhaps more) of these Govts in the form of a grant

Ultimately, the aggregated MRE is there, production is happening, and feedstock can now be directed to Vietnam to utilise the new and under utilised plant and meet the needs of the FeW customers around the world

After that, the next block/s could likely be one that fits into their "cluster" strategy - either Iberian or Qld or elsewhere ???

The objective ? - To position themselves in the path of the freight train of demand coming our way when China cuts back or bans tungsten exports - or alternatively to wait until the USA IRA ban kicks in in 2026. Their timing couldnt be any better

They now have raw concentrate to sell and are about to launch into the Ferro-tungsten world - if they could find the right vertical solution to produce downstream APT, then they will be a well rounded tungsten company. I'm sure that Masan Hi-Tech can provide them with plenty of technical assistance to achieve just that.

As our new friend zedted said " In my eyes this is one of the more exciting companies on the ASX right now."