Announcement PDF Form 603 Corporations Act 2001 Section 671B Notice of initial substantial holder To Name/Scheme Company ACN/ARSN 1. EQ Resources Limited (EQR) 115 009 106 Details of substantial holder (1) Name OCM Luxembourg Tungsten Holdings S.á r.l (OCM) and each persons listed in Annexure A (being each an entity that is either the ultimate controller of OCM or is an entity which is interposed on a control basis between OCM and that ultimate controller, with such entity being an Oaktree Substantial Holder) ACN (if applicable) The holder became a substantial holder on 2. 18 January 2024 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) Ordinary shares 3. Number of securities 278,000,000 Persons' votes(5) 278,000,000 Voting power (6) 15.0043% 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 4. Nature of relevant interest (7) Class and number of securities OCM Relevant interest held under section 608(1)(a) of the Corporations Act 2001 (Cth) (Corporations Act) as OCM is the registered holder of ordinary shares. 278,000,000 ordinary shares Each Oaktree Substantial Holder Each person listed in Annexure A is taken to have the same relevant interest in EQR as OCM's relevant interest by virtue of section 608(3) of the Corporations Act. 278,000,000 ordinary shares 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 OCM and each Oaktree Substantial Holder OCM OCM 278,000,000 ordinary shares 5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the 4 months prior to the day that the substantial holder became a substantial holder is as follows: Holder of relevant interest Date of acquisition OCM and each Oaktree Substantial Holder 6. 18 January 2024 Consideration (9) Cash Non-cash A$25,020,000 N/A Class and number of securities 278,000,000 ordinary shares Associates The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows: 7. Name and ACN/ARSN (if applicable) Nature of association OCM and each Oaktree Substantial Holder The entities are all associates of each other by virtue of 12(2)(a) of the Corporations Act. Addresses The addresses of persons named in this form are as follows: Name Address OCM 333 South Grand Avenue, 28th Foor, Los Angeles, California 90071, United States of America See Annexure A See Annexure A Signature print name sign here Martin Eckel Hugo Neuman capacity date Managers 18/01 / 2024 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 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 benefit, 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  Oaktree Substantial Holders This is Annexure A of 1 page referred to in the Form 603 (Notice of initial substantial holder) Signature print name Martin Eckel sign here Name OCM Luxembourg EPF III S.á r.l. Oaktree European Principal Fund III Ltd. Oaktree European Principal Fund III, L.P. Oaktree Capital Management, L.P. Oaktree Capital Management GP LLC Atlas OCM Holdings LLC Oaktree Capital Group Holdings, L.P. Oaktree Capital Group Holdings GP, LLC Hugo Neuman capacity date Managers 18 / 01 / 2024 Address 26A, boulevard Royal L-2449 Luxembourg Walkers Corporate Limited, Cayman Corporate Centre 27 Hospital Road, George Town, Grand Cayman KY19008, Cayman Islands 333 South Grand Avenue, 28th Foor, Los Angeles, California 90071, United States of America 333 South Grand Avenue, 28th Foor, Los Angeles, California 90071, United States of America 333 South Grand Avenue, 28th Foor, Los Angeles, California 90071, United States of America 333 South Grand Avenue, 28th Foor, Los Angeles, California 90071, United States of America 333 South Grand Avenue, 28th Foor, Los Angeles, California 90071, United States of America 333 South Grand Avenue, 28th Foor, Los Angeles, California 90071, United States of America