** Shares of EQ Resources EQR.AX rise 9.5% to A$0.046, their highest level since March 7
** Tungsten miner says it entered into five long-term offtake agreements covering the next 24 months production from both its tungsten operations in Australia and Spain
** Total value of these agreements is estimated to be $124 million, says EQR
** Adds that contracts have been executed with international tungsten consumers
** Stock rose as much as 14.3% earlier in the day, marking its biggest intraday gain since Feb. 5
** EQR up 9.5% YTD
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com))
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