EQ Resources Limited has advanced its regional tungsten hub strategy with promising preliminary tests at its Wolfram Camp project in Far North Queensland. The company conducted extensive bulk sample testing on both an ore stockpile (WBS Parrot) and a composite waste stockpile (WBS Combined) using advanced X-Ray Technology (XRT) sorting. Results from the ore stockpile indicate an impressive 86% tungsten recovery from just 5–10% of the original feed mass, with a tungsten grade upgrade reaching up to 16 times improvement in one of the key size fractions. These tests, carried out in collaboration with TOMRA Sorting Solutions and the University of Queensland’s Sustainable Minerals Institute and supported by a A$250,000 grant from the Queensland METS Collaborative Projects Fund, underscore the technical viability of reprocessing historical material using modern sensor-based sorting methods. The announcement details that the WBS Parrot sample exhibited a head grade of 0.09% WO₃ along with effective de-bulking in the sortable size fractions, while the WBS Combined sample from the waste pile showed that 75% of the tungsten was concentrated in the fine fractions. The technology has previously proven successful at the company’s Mt Carbine and Barruecopardo operations, where recoveries have exceeded 90% in some cases, demonstrating significant operational savings by reducing mass for downstream processing. The ongoing testing and interpretation of results are expected to further refine the company’s processing strategy and contribute to the establishment of a regional tungsten hub that leverages existing infrastructure and supports local employment. The technical outcomes support a bullish outlook for EQ Resources Limited. Investors may be encouraged by the strong upgrade potential, high recovery rates, and the company’s track record of applying XRT sorting technology to unlock economic value from low-grade and historic stockpiles. The additional government grant and planned further testing also add to the positive sentiment, as these factors could help mitigate capital intensity and reduce environmental impact. Conversely, a bearish view might be warranted due to the preliminary nature of the results, inherent risks associated with scaling production, and the challenges of market dynamics in the tungsten sector. While the advanced sorting techniques are promising, further assay certifications and bulk sample evaluations are necessary to confirm long-term economic viability and overall project resilience.