EQTEC (LSE:EQT) has completed a detailed assessment of historical exploration records at its Green Rock Copper-Gold Project in Western Australia, highlighting high-grade surface mineralisation associated with key geological structures. Historical sampling reported grades reaching up to 46.7% copper and 5.31 g/t gold. The review has outlined several priority prospects and informed the design of the project’s first modern, systematic exploration programme, scheduled to begin after the wet season. Planned work will focus on field validation, geophysical surveys targeting malachite-hosted copper-gold mineralisation, and testing broader structural models across the licence area.
The project is contained within a single 31.5 km² exploration licence in the Ashburton Mineral Field, located near established mining infrastructure. EQTEC said the presence of overlapping copper and gold anomalies, combined with limited historical drilling, suggests considerable potential for future resource definition and value creation. An initial site visit is expected to refine exploration targets and support the company’s strategy of expanding into high-grade metals alongside its core energy transition activities.
EQTEC’s investment outlook remains constrained by weak financial performance, including ongoing losses, leverage pressures and negative cash flow generation. Technical indicators also reflect a continuing downward share price trend, while valuation metrics offer limited support given a negative P/E ratio and the absence of dividend yield data.
More about EQTEC plc
EQTEC plc, listed on AIM under the ticker EQT, positions itself as a technology-driven energy transition company that is expanding into mineral exploration. The group recently secured its first Australian copper-gold asset through the Green Rock Project in Western Australia’s Ashburton Basin, placing it within a Tier 1 mining jurisdiction alongside established operations.
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