EQ Resources Limited (ASX:EQR)

Transforming Australia's premier tungsten assets into a leading critical minerals producer.

About Us

EQ Resources Limited (EQR) is a leading tungsten mining company dedicated to sustainable mining and processing practices. With a commitment to resourcing the new economy for a better tomorrow, EQR focuses on expanding its world-class tungsten assets at Mt Carbine in Far North Queensland (Australia) and at Barruecopardo in the Salamanca Province (Spain).

The Company evaluates corporate and exploration opportunities, leverages advanced mineral processing technology, and unexploited resources across multiple jurisdictions to establish itself as a globally leading supplier of the critical mineral, tungsten.

Company Overview

Incorporated in 2005 and headquartered in Mount Carbine, Queensland, EQ Resources Limited (ASX: EQR) focuses on the development of its Mt Carbine Tungsten Project, which includes mining leases ML 4867 and ML 4919. The company utilises advanced technology and resource-efficient methods to extract tungsten from historical stockpiles and unexploited resources. EQR also holds gold exploration licenses in New South Wales, including the Panama Hat and Crow Mountain projects. The company is dedicated to expanding its production profile and contributing to the supply of critical minerals for industrial applications.

Board & Management

Oliver Kleinhempel

Oliver Kleinhempel

Chair & Non-Executive Director

Oliver was appointed Non-executive Director on 12 August 2019 . Oliver has held various executive management positions in the project development, finance and commodity trading sectors, and with organisations including Outotec, Ferrostaal Group and CRONIMET. He is currently an executive director of CRONIMET Holding GmbH, Germany.

Stephen Layton

Stephen Layton

Non-Executive Director

Stephen was appointed Non-executive Director on 14 November 2017 and has over 35 years’ experience in equity capital markets in the UK and Australia. Stephen has held both principal and director roles in his extensive career and has a depth of knowledge in capital raisings, ASX listings and corporate advisory matters. Stephen is currently also a non-executive director of ASX-listed companies, Mithril Silver and Gold Limited and Pursuit Minerals Limited.

 Zhui Pei Yeo

Zhui Pei Yeo

Non-Executive Director

Zhui Pei was appointed Non-executive Director on 12 August 2019. Zhui Pei has held executive, management and supervisory roles and has a wide range of experience from project planning to resource management to commercial negotiations. He has been working at a leading system integrator in the telecommunications industry in South-East Asia and is currently also an executive director of a steel-product manufacturer.

Richard Morrow

Richard Morrow

Non-Executive Director

Richard has more than 30 years' experience as a sharebroker in Melbourne and in London, with a particular interest in the resources space. He is a long-serving steering committee member of the Melbourne Mining Club, Australia’s foremost networking organisation for the Australian resources sector.

Richard’s investment experience includes a role as director of Lowell Resources Fund Management, manager of the ASX-listed Lowell Resources Fund. He is a Fellow of the AusIMM and an honorary member of the AusIMM Investment Advisory Committee.

Stephen Weir

Stephen Weir

Non-Executive Director

Stephen was appointed Non-executive Director on 19 January 2024, representing Oaktree Capital Management. Stephen has an extensive background in mining and finance and was recently CEO of ASX listed company, Magnetite Mines Ltd. His prior experience including senior corporate advisory, project finance, and construction management roles provides valuable expertise in support of EQR's growth strategy.

Stephen is also a member of the Australian Institute of Company Directors and the GBA Capital Advisory Board, a Sydney based resources specialist stockbroker.

 Kevin MacNeill

Kevin MacNeill

Chief Executive Officer

B Tech Mineral (Mineral Processing and Civil Construction); Dip Canadian Securities Course, Stockbroker’s Licence.

Kevin was appointed the Company’s full time CEO in 2020 after having been involved since 2019. Kevin’s +35-year career has been dedicated to the development and operation of resource projects, from discovery, through feasibility to full scale operation. He has held various senior executive appointments including President of Etruscan Diamonds (part of TSX-listed Etruscan Resources), Founder & Managing Director of Specialized Metallurgical Projects Pty Ltd which was majority acquired by the CRONIMET Group where he was the MD of CRONIMET Mining Processing SA Pty Ltd , focusing on the development of mining projects using sensor based sorting and fine gravity separation technologies for the re-purposing of historic waste dumps and development of low grade resources into economic projects. During his career, Kevin has had a strong project development history securing over $150M in equity and $200M in debt.

As CEO, Kevin is focused on the project outputs for both the Mt Carbine tungsten mine, Australia and the Barruecopardo tungsten mine, Spain operating through EQR's Spanish subsidiary, Saloro. Additionally, Kevin oversees the assessment of the Company’s project portfolio to develop a strategic roadmap that provides accretive value for the Company's developments as a leading Western tungsten producer.

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