XLOOKUP not evaluating itself

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I have copied over 2 Excel tables from one Excel sheet to a new sheet. Now, within those tables there are existing formulas using XLOOKUP function which currently reference the older sheet table. As soon as I update the XLOOKUP function with the current sheet tables, instead of showing me the result it just shows me the XLOOKUP formula like this on every row:

=XLOOKUP([@ResourceID],Resources[ResourceID],Resources[Resource Name],"",0,1)

The same XLOOKUP works fine when it references the old Excel sheet table like shown below. It evaluates good and displays the right values.

=XLOOKUP([@ResourceID],WorkforcePlanningModelV4.xlsx!Resources[ResourceID],WorkforcePlanningModelV4.xlsx!Resources[Resource Name],"",0,1)

Why does the updated XLOOKUP fail to evaluate?

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