Announcement PDF Docusign Envelope ID: BAFBC318-18BC-4B4A-A71F-3C9C86A9ED36 Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder To: Company Name/Scheme EQ Resources Limited (EQR) ACN/ARSN 115 009 106 1. Details of substantial holder (1) 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) Name ACN (if applicable) There was a change in the interests of the substantial holder on: 29 May 2025 The previous notice was given to the company on 15 August 2024 The previous notice was dated 15 August 2024 2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows: Previous notice Present notice Class of Securities (4) Fully paid ordinary EQR shares (Shares) 3. Person's votes Voting power (5) Person's votes Voting power (5) 309,666,667 13.84% 334,666,667 12.64% (based on 2,647,699,601 Shares on issue) Changes in relevant interests Particulars of each change in, or change in the nature of, a relevant interest or the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows: Date of change Person whose relevant interest changed Nature of change (6) Consideration given in relation to change (7) Class and number of securities affected Person's votes affected 29 Oct 2024 OCM Dilution as a result of the issuance of Shares under the Equity Incentive Plan N/A N/A N/A 29 Oct 2024 Each Oaktree Substantial Holder As above. Taken under section 608(3)(b) of the Corporations Act 2001 (Cth) (Corporations Act) to have a relevant interest by reason of being an associate of EQR. N/A N/A N/A Docusign Envelope ID: BAFBC318-18BC-4B4A-A71F-3C9C86A9ED36 Date of change Person whose relevant interest changed Nature of change (6) Consideration given in relation to change (7) Class and number of securities affected Person's votes affected 24 Dec 2024 OCM Dilution as a result of the issuance of Shares under the placement announced by EQR on 13 December 2024 N/A N/A N/A 24 Dec 2024 Each Oaktree Substantial Holder As above. Taken under section 608(3)(b) of the Corporations Act 2001 (Cth) (Corporations Act) to have a relevant interest by reason of being an associate of EQR. N/A N/A N/A 7 Feb 2025 OCM Acquisition of Shares by subscribing for Shares under the placement announced by EQR on 13 December 2024. $0.04 per Share 25,000,000 Shares 25,000,000 7 Feb 2025 Each Oaktree Substantial Holder As above. Taken under section 608(3)(b) of the Corporations Act 2001 (Cth) (Corporations Act) to have a relevant interest by reason of being an associate of EQR. As above As above As above 27 May 2025 OCM Dilution as a result of the issuance of Shares under the placement announced by EQR on 22 May 2025 N/A N/A N/A 27 May 2025 Each Oaktree Substantial Holder As above. Taken under section 608(3)(b) of the Corporations Act 2001 (Cth) (Corporations Act) to have a relevant interest by reason of being an associate of EQR. N/A N/A N/A 28 May 2025 OCM Dilution as a result of the issuance of Shares to a loan provider to extinguish the outstanding loan amount and interest as announced by EQR on 22 May 2025 N/A N/A N/A 28 May 2025 Each Oaktree Substantial Holder As above. Taken under section 608(3)(b) of the Corporations Act 2001 (Cth) (Corporations Act) to have a relevant interest by reason of being an associate of EQR. N/A N/A N/A 29 May 2025 OCM Dilution as a result of the issuance of Shares under the placement N/A N/A N/A Docusign Envelope ID: BAFBC318-18BC-4B4A-A71F-3C9C86A9ED36 Date of change Person whose relevant interest changed Nature of change (6) Consideration given in relation to change (7) Class and number of securities affected Person's votes affected N/A N/A N/A announced by EQR on 22 May 2025 29 May 2025 4. Each Oaktree Substantial Holder As above. Taken under section 608(3)(b) of the Corporations Act 2001 (Cth) (Corporations Act) to have a relevant interest by reason of being an associate of EQR. Present relevant interests Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows: Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6) Class and number of securities Person's votes OCM OCM OCM Relevant interest held under section 608(1)(a) of the Corporations Act. 334,666,667 Shares 334,666,667 Each Oaktree Substantial Holder OCM OCM 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. 334,666,667 Shares 334,666,667 5. Changes in association The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows: Name and ACN (if applicable) Nature of association N/A N/A 6. 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 and Nicolas Sansonnet capacity date Managers 2 June 2025 Docusign Envelope ID: BAFBC318-18BC-4B4A-A71F-3C9C86A9ED36 Annexure A This is Annexure A referred to in Form 604, Notice of change of interests of substantial holder. 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 Oaktree Capital Holdings, LLC Oaktree Capital Group Holdings, L.P. Oaktree Capital Group Holdings GP, LLC Signature print name sign here 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 Martin Eckel and Nicolas Sansonnet capacity date Managers 2 June 2025