Announcement PDF EQ RESOURCES LIMITED Critical Mineral Producer : Stand M84 IMARC 2023: Recommercialisation of the Mt Carbine Tungsten Mine, QLD Australia DOWNLOAD PRESENTATION Kevin MacNeill, CEO October 31st 2023 ASX : EQR Disclaimer Competent Person's Statement • The information in this presentation partly relates to the outcomes of the Mt Carbine Bankable Feasibility Study Update (May 2023), made available through the Company’s website www.eqresources.com.au/. • The Company confirms that it is not aware of any new information that materially affects the information included in the corresponding market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements. General Disclaimer • The material contained in this document is a presentation of general information about the Company's activities current as at the date of this presentation. It is provided in summary and does not purport to be complete. You should not rely upon it as advice for investment purposes, as it does not take into account your investment objectives, financial position or needs. These factors should be considered, with or without professional advice, when deciding if an investment is appropriate. • This document may contain forward-looking statements with respect to the financial condition, results of operations, and business strategy of the Company. These forward-looking statements are based on estimates, projections and assumptions made by the Company about circumstances and events that have not yet taken place. Although the Company believes the forwardlooking statements to be reasonable, they are not certain. Forward-looking statements involve known and unknown risks, uncertainties and other factors that are in some cases beyond the Company's control, and which may cause actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements (and from past results). • The Company makes no representation or warranty as to the accuracy of any forward-looking statements in this document and undue reliance should not be placed upon such statements. • Forward-looking statements may be identified by words such as “aim”, “anticipate”, “assume”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “should”, “will”, or “would” or the negative of such terms or other similar expressions that are predictions of or otherwise indicate future events or trends. The forward-looking statements included in this document speak only as of the date of this document. The Company does not intend to update the forward-looking statements in this document in the future. 2 A Globally Significant Tungsten Raw Materials Supplier Tungsten Uses Critical Alloy Element, Unsubstitutable in Many Applications Aviation Aerospace Automotive Heavy Machinery Heavy Industry Tools & Construction Medical Military EV Battery Development Green Energy Science & Tech Micro Electronics 4 Supply Risk Tungsten – A Material of Global Critical Significance Read More on Tungsten’s Global Critical Significance: Click Economic Importance 5 Mt Carbine Open-Cut & Modernisation Project Overview Australia’s Largest Primary Tungsten Producer • 2019 EQR began recommissioning of the Historical Mt Carbine Mine • Situated in Far North Queensland’s Critical Mineral Province • Located 130 km north of the port of Cairns • Mineral Hub Potential: Significant deposits defined in region. • Watershed Tungsten Project • Wolfram Camp Project Perfectly situated within a Critical Minerals Hub (W, Sn) in Far North Queensland: Watershed Wolfram Camp 6 2019 - 2021 Mt Carbine Tungsten Mine and Quarrying Operations, QLD, Australia. July 2021 7 2019 - 2023 Mt Carbine Tungsten Mine and Quarrying Operations, Low-Grade Stockpile 8 2023 Mt Carbine Tungsten Mine and Quarrying Operations, QLD, Australia. June 2023 9 2023 Mt Carbine Tungsten Mine and Quarrying Operations, QLD, Australia. June 2023 10 Technologically Driven, Economically Proven Overcoming Western World Difficulties Using Sensor Based Sorting • TOMRA’s XRT sorter makes mining in Australia economically viable • Significant OPEX cost saving • 10x upgrade in material grade • Technology & program optimised for Mt Carbine • Utilising technically upskilled workforce. • Environmentally friendly 11 Beneficial Reuse Circular Economy Driven 12 Circular Economy : Mt Carbine Quarrying • Continued development of ‘green / recycled aggregates’ business as an additional revenue stream. • Turns clean waste rock into vital construction materials for Far North Queensland. • Opening opportunities in the local and regional market as demand for recycled products increases. • Beneficial Reuse of waste product promotes Circular Economy commitment in-line with QLD Government initiatives. 13 Wolfram Camp 2023 Wolfram Camp Historical Operations, QLD, Australia 14 Wolfram Camp – EQR Awarded Preferred Tenderer EPM Tender Proposal Overview • EQR is planning a similar approach as it did with Mt Carbine. • Stage 1 – Mapping & Sample Collection • EQR Snr Geologist with field team supported by learnings at Mt Carbine. • Stage 2 - Drilling and geophysics work, (large scale) sample collection and sorting test work • Wolfram Camp prior theory saw a greisen capping on altered granite, EQR to test theory of veins extending at depth. • Focus on drilling at depth and localised areas surrounding historic Wolfram Camp pit • Likely to complete drilling around Bamford Hill (adit through mountain, a few historic drill holes with good showings). • Stage 3 – Drilling and scoping study • Stage 4 – Drilling and Resource evaluation • Stage 5 – Feasibility Study 15 Recognition For Our Sustainability Efforts Responsible and Sustainable Critical Mineral Production 16 Strategic Partners Endorsement Through Funding & Grants Strong Support for Critical Minerals Projects in Australia Queensland METS Collaborative Projects Fund (METS Ignited) ASX Announcement 24 July 2020: Government Support for Mt Carbine Mine Waste Transformation Initiative Advanced Manufacturing Growth Center (AMGC) ASX Announcement 25 January 2022: Federal Government Co-Invests in High-Tech Ore Sorting Critical Minerals Accelerator Initiative (CMAI) ASX Announcement 19 September 2022: Federal Government Funding for Mt Carbine Reconfirmed 17 Successful Recommercialisation A Globally Significant Tungsten Raw Materials Supplier WO3 140 Jobs Created Critical Mineral Production & Sales Revenue Generation -Company -Government 18 Successful Recommercialisation A Globally Significant Tungsten Raw Materials Supplier Local Economic Growth Genuine ESG Commitment Upskilling of local workforce 19 Site Contact: Investor Relations: Kevin MacNeill Chief Executive Officer T: +61 438 542 260 E: kmacneill@eqresources.com.au Peter Taylor NWR Communications T: +61 412 036 231 E: peter@nwrcommunications.com.au Registered Office: Mt Carbine Office: Level 4, 100 Albert Road South Melbourne, VIC 3205 Australia E: info@eqresources.com.au 6888 Mulligan Highway, Mt Carbine Qld 4871 PO Box 1496, Mareeba Qld 4880 www.eqresources.com.au Follow us on