Announcement PDF Form 603 Corporations Act 2001 Section 671B Notice of initial substantial holder To Company Name/Scheme EQ RESOURCES LIMITED ACN/ARSN 115 009 106 1. Details of substantial holder (1) Name CRONIMET Australia Pty Ltd and its related bodies corporate listed in Annexure A ACN/ARSN (if applicable) 632 257 688 The holder became a substantial holder on 18/12/2025 2. Details of voting power The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows: Class of securities (4) Number of securities Person's votes (5) Voting power (6) Fully paid ordinary shares 259,191,789 259,191,789 5.64% 3. Details of relevant interests The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows: Holder of relevant interest Nature of relevant interest (7) Class and number of securities See Annexure A 4. Details of present registered holders The persons registered as holders of the securities referred to in paragraph 3 above are as follows: Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Class and number of securities See Annexure B 5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows: Holder of relevant interest Date of acquisition Consideration (9) Class and number of securities Cash Non-cash See Annexure B 18/12/2025 N/A The issuance of new EQ Resources Limited shares to Cronimet Asia Pe Ltd as per an agreement to convert debt to equity as announced 15 August 2025 131,868,132 fully paid ordinary shares 6. Associates The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows: Name and ACN/ARSN (if applicable) Nature of association Each of the CRONIMET Entities listed as “Associates” in Annexure A The CRONIMET Entities are associates of CRONIMET Australia Pty Ltd ACN 632 257 688 pursuant to section 12(2) of the Corporations Act 2001 (Cth). 7. Addresses The addresses of persons named in this form are as follows: Name Address See Annexure A Signature print name Bernhard Kunsmann capacity Director sign here date 20.01.2026 DIRECTIONS (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form. (2) See the definition of "associate" in section 9 of the Corporations Act 2001. (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. (4) The voting shares of a company constitute one class unless divided into separate classes. (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in. (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. (7) Include details of: (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies). See the definition of "relevant agreement" in section 9 of the Corporations Act 2001. (8) If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option) write "unknown". (9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired. Annexure A – CRONIMET Entities This is Annexure A of 2 pages referred to in the Form 603 – Notice of initial substantial holder dated 20.01.2026. Bernhard Kunsmann Director – CRONIMET Australia Pty Ltd Date: 20.01.2026 Holder of relevant interest Nature of relevant interest (7) Class and number of securities Address Registered Holder CRONIMET Asia Pte Ltd UEN 201217827C Relevant interest under paragraph 608(1)(a) of the Corporations Act 2001 (Cth). 259,191,789 fully paid ordinary shares 60 Paya Lebar Road, #09-40, Paya Lebar Square, 409051, Singapore CRONIMET Australia Pty Ltd ACN 632 257 688 Relevant interest under paragraph 608(1)(a) of the Corporations Act 2001 (Cth). 259,191,789 fully paid ordinary shares Level 1, 317 Queen Street, Brisbane, QLD 4000 Upstream Entities CRONIMET Holding GmbH Relevant interest under paragraph 608(3) Corporations Act 2001 (Cth). 259,191,789 fully paid ordinary shares Südbeckenstraße 22 76189 Karlsruhe, Germany Associates CRONIMET RSA (PTY) Ltd. N/A 259,191,789 fullypaid ordinary shares 6 Fuchs Street, Alrode Ext. 2, 1451 Alberton,SouthAfrica ERG Investments (R.S.A.)(P.T.Y.) Ltd. N/A 259,191,789 fullypaid ordinary shares 6 Fuchs Street, Alrode Ext. 2, 1451 Alberton, South Africa "Plant of Pure Iron" OJSC N/A 259,191,789 fullypaid ordinary shares 75 Artsakhi Ave. 0053 Yerevan, Armenia CRONIMET Shanghai Co., Ltd. (in Liquidation) N/A 259,191,789 fullypaid ordinary shares Unit 2705, Chonghing Finance Center, No.288 West Nanjing Road, 200003 Shanghai, China CRONIMET Singapore Pte. Ltd. N/A 259,191,789 fullypaid ordinary shares 60 Paya Lebar Road, #09-40, Paya Lebar Square, 409051, Singapore Battery Metals Pte. Ltd. N/A 259,191,789 fullypaid ordinary shares 59G Jalan Malu-Malu, 769674, Singapore CRONIMET Invest Russ ooo N/A 259,191,789 fullypaid ordinary shares uliza Kuznetsovskaja 21,196128 St. Petersburg, Russia CRONIMET Korea Ltd. N/A 259,191,789 fullypaid ordinary shares 8F, 427 Teheran-ro, WeWork Tower, Gangnam-gu, Seoul, South Korea CRONIMET Turkey Metal Ticaret A.S. N/A 259,191,789 fully paid ordinary shares Pelitli Mah. 4417. Sk. Hurda Fab. Sitesi Nr. 1, 41400 Gebze / Kocaeli, Turkey CRONIMET Ostrava, s.r.o N/A 259,191,789 fully paid ordinary shares Polanecká 1217/55, 721 00 Ostrava-Svinov, Czech Republic CRONIMET NORDIC OÜ N/A 259,191,789 fullypaid ordinary shares Jalaka 60B, 50109 Tartu, Estonia CRONIMET Finland Oy N/A 259,191,789 fullypaid ordinary shares Viinikankaari 19, 01530 Vantaa, Finland CRONIMET France SAS N/A 259,191,789 fullypaid ordinary shares 18 Avenue Félix Faure, 69007 Lyon, France ERG Edelstahl Recycling GmbH N/A 259,191,789 fullypaid ordinary shares Limesstr. 20, 63741 Aschaffenburg, Germany CRONIMET Envirotec GmbH N/A 259,191,789 fullypaid ordinary shares Säurestraße 3, 06749 Bitterfeld- Wolfen, Germany revomet GmbH N/A 259,191,789 fully paid ordinary shares Säurestraße 3, 06749 Bitterfeld- Wolfen, Germany revomet Bitterfeld GmbH N/A 259,191,789 fullypaid ordinary shares Säurestraße 3, 06749 Bitterfeld- Wolfen, Germany CRONIMET Raw Materials GmbH N/A 259,191,789 fullypaid ordinary shares Südbeckenstraße 22, 76189 Karlsruhe, Germany CRONIMET Dortmund GmbH N/A 259,191,789 fullypaid ordinary shares Kipperstraße 11, 44147 Dortmund, Germany CRONIMET Ferroleg. GmbH N/A 259,191,789 fullypaid ordinary shares Südbeckenstraße 22, 76189 Karlsruhe, Germany CRONIMET Services GmbH N/A 259,191,789 fullypaid ordinary shares Südbeckenstraße 22, 76189 Karlsruhe, Germany CRONIMET CREMETAL GmbH N/A 259,191,789 fullypaid ordinary shares Rheinhafenstr. 12, 76189 Karlsruhe, Germany CRONIMET North-East GmbH N/A 259,191,789 fullypaid ordinary shares Südbeckenstraße 22, 76189 Karlsruhe, Germany CRONIMET ALFA GmbH N/A 259,191,789 fullypaid ordinary shares Rupert Bodner Str. 25, DE 81245 München, Germany Metalloy Metalle-Legierungen GmbH N/A 259,191,789 fullypaid ordinary shares Oststraße 134, 22844 Norderstedt, Germany CRONIMET Great Britain Ltd. N/A 259,191,789 fullypaid ordinary shares Unit 14A, Cannock Wood Industrial Estate, Cannock Wood Street, Staffordshire WS120PL Cannock, Great Britain CRONIFER U.K. Ltd. N/A 259,191,789 fullypaid ordinary shares Hardwick View Road, Holmewood Industrial Estate, Holmewood, S42 5SA Chesterfield, Great Britain NICHEL LEGHE SpA (Vittuone) N/A 259,191,789 fullypaid ordinary shares Via M.L.King 12/14, 20010 Vittuone, Italia CRONIMET Latvia SIA N/A 259,191,789 fullypaid ordinary shares Sprīdīša iela 1, 1034 Riga, Latvia CRONIMET (Holland) b.v. N/A 259,191,789 fullypaid ordinary shares Vlasweg 7, 4782 Moerdijk, Netherlands CRONIMET PL Sp. Z.o.o. (Inowroclaw) N/A 259,191,789 fullypaid ordinary shares Klopot 10 A, 88 100 Inowroclaw, Poland CRONIMET HISPANIA, S. A. N/A 259,191,789 fullypaid ordinary shares Muelle AZ-2 del Dique de Zierbena nº 2 y 4, 48508 Zierbena, Hispania CRONIMET Fagersta AB N/A 259,191,789 fullypaid ordinary shares P.O. Box 123, 737 23 Fagersta, Schweden CRONIMET Norr AB (Luleå) N/A 259,191,789 fullypaid ordinary shares Terminalspåret 11, 954 32 Gammelstad, Sweden Lulea Industrifastighteter AB N/A 259,191,789 fullypaid ordinary shares Norra Industriområde 526, Östra Porten, 73740 Fagersta, Sweden CRONIMET Raw Materials Suisse AG N/A 259,191,789 fullypaid ordinary shares Hinterbergstr. 56, 6312 Zug, Switzerland CRONIMET S.A. N/A 259,191,789 fullypaid ordinary shares Riva Caccia 1 A, 6900 Lugano, Switzerland CRONIMET Corporation N/A 259,191,789 fullypaid ordinary shares 1 Pilarsky Way, 15001 Aliquippa, United States Unico Alloys and Metals Inc. N/A 259,191,789 fullypaid ordinary shares 1177 Joyce Avenue, 43219 Columbus, United States CRONIMET Holdings, Inc. N/A 259,191,789 fullypaid ordinary shares 1 Pilarsky Way, 16125 Aliquippa, United States CRONIMET Specialty Metals USA, Inc. N/A 259,191,789 fully paid ordinary shares 209 Reynolds Industrial Park Road, 15001 Greenville, United States CRONIMET Domestic International Sales Corp. N/A 259,191,789 fullypaid ordinary shares 1 Pilarsky Way, 15001 Aliquippa, United States CRONIMET Green Energy Inc. N/A 259,191,789 fullypaid ordinary shares C/O CRONIMET, 1 Pilarsky Way, 15001 Aliquippa, United States Millheim Phase 2 Solar Partners LLC N/A 259,191,789 fullypaid ordinary shares 1 Pilarsky Way, 15001 Aliquippa, United States CRONIMET Brasil Ltda. N/A 259,191,789 fullypaid ordinary shares Av. Engenheiro Roberto Zuccolo, 255 - Vila Leopoldina, CEP 05307 – 190 São Paulo, Brasil CRONIMET Invest Brasil Ltda. N/A 259,191,789 fullypaid ordinary shares Av. Engenheiro Roberto Zuccolo, 255 - Vila Leopoldina, CEP 05307 – 190 São Paulo, Brasil Annexure B – CRONIMET Entities’ relevant interest This is Annexure B of 2 pages referred to in the Form 603 – Notice of initial substantial holder dated 20.01.2026. Bernhard Kunsmann Director – CRONIMET Australia Pty Ltd Date: 20.01.2026 Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Class and number of securities Registered Holder CRONIMET Asia Pte Ltd UEN 201217827C CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares Upstream Entities CRONIMET Holding GmbH CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares Associates CRONIMET RSA (PTY) Ltd. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares ERG Investments (R.S.A.)(P.T.Y.) Ltd. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares "Plant of Pure Iron" OJSC CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Shanghai Co., Ltd. (in Liquidation) CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Singapore Pte. Ltd. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares Battery Metals Pte. Ltd. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Invest Russ ooo CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Korea Ltd. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Turkey Metal Ticaret A.S. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Ostrava, s.r.o CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET NORDIC OÜ CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Finland Oy CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET France SAS CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares ERG Edelstahl Recycling GmbH CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Envirotec GmbH CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares revomet GmbH CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares revomet Bitterfeld GmbH CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Raw Materials GmbH CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Dortmund GmbH CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Ferroleg. GmbH CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Services GmbH CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET CREMETAL GmbH CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET North-East GmbH CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET ALFA GmbH CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares Metalloy Metalle-Legierungen GmbH CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Great Britain Ltd. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIFER U.K. Ltd. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares NICHEL LEGHE SpA (Vittuone) CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Latvia SIA CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET (Holland) b.v. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET PL Sp. Z.o.o. (Inowroclaw) CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET HISPANIA, S. A. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Fagersta AB CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Norr AB (Luleå) CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares Lulea Industrifastighteter AB CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Raw Materials Suisse AG CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET S.A. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Corporation CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares Unico Alloys and Metals Inc. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Holdings, Inc. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Specialty Metals USA, Inc. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Domestic International Sales Corp. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Green Energy Inc. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares Millheim Phase 2 Solar Partners LLC CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Brasil Ltda. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares CRONIMET Invest Brasil Ltda. CRONIMET Australia Pty Ltd ACN 632 257 688 CRONIMET Australia Pty Ltd ACN 632 257 688 259,191,789 fullypaid ordinary shares