Amended Constitution
Released
Released
Announcement PDF
resourcing the new economy for a better tomorrow
29th November 2023
AMENDED CONSTITUTION
EQ Resources Limited (ASX: EQR) is the 100% owner of the Mt Carbine Tungsten Mine near Cairns,
Australia’s leading primary tungsten producer provides the market with its amended Constitution approved by
shareholders at its Annual General Meeting held on Wednesday, 29 November 2023.
-EndsThis announcement has been authorised for release by the Company Secretary.
Released on behalf of the Board by:
Further Enquiries:
Melanie Leydin
Company Secretary
EQ Resources Limited
Peter Taylor
Investor Relations
0412 036 231
peter@nwrcommuniciations.com.au
About the Company
EQ Resources Limited is an ASX-listed company transforming its world-class tungsten assets at Mt Carbine in North
Queensland; leveraging advanced technology, historical stockpiles and unexploited resource with the aim of being the preeminent tungsten producer in Australia. The Company also holds gold exploration licences in New South Wales. The
Company aims to create shareholder value through the exploration and development of its current portfolio whilst
continuing to evaluate corporate and exploration opportunities within the new economy and critical minerals sector.
Follow us:
REGISTERED OFFICE: Level 4, 100 Albert Road, South Melbourne, VIC 3205
PRINCIPAL PLACE OF BUSINESS: 6888 Mulligan Highway, Mt Carbine Qld 4871
POSTAL ADDRESS: PO Box 1496, Mareeba Qld 4880
ABN: 77 115 009 106 (ASX: EQR)
T: (07) 4094 3072 | F: (07) 4094 3036 | W: eqresources.com.au
Constitution
EQ Resources Limited
ACN 115 009 106
Adopted by special resolution on 17 June 2019 and updated on 29 November 2023
Table of contents
1
Definitions and interpretation .................................................................................. 1
1.1
1.2
1.3
2
Definitions .......................................................................................................................1
Interpretation ...................................................................................................................2
Electronic signatures ......................................................................................................2
Shares and variation of rights ................................................................................. 3
2.1
2.2
2.3
2.4
2.5
2.6
2.7
2.8
2.9
2.10
2.11
2.12
2.13
Nature of Company.........................................................................................................3
Issue of shares ...............................................................................................................3
Number of shareholders .................................................................................................3
Price on issue .................................................................................................................3
Issue of classes of shares ..............................................................................................3
Non-variation of rights .....................................................................................................3
Variation of rights ............................................................................................................3
Redeemable preference shares .....................................................................................4
Holder’s right to participate in profits and property .............................................................. 4
Holder’s other rights ................................................................................................................. 4
Voting ..............................................................................................................................4
Redemption of redeemable preference shares ..............................................................4
Restricted Securities .......................................................................................................4
3
Brokerage and commission ..................................................................................... 5
4
Shares held on trust or jointly ................................................................................. 5
4.1
4.2
Non-recognition of interests ............................................................................................5
Joint holders of shares ....................................................................................................5
5
Certificates ................................................................................................................ 5
6
Lien ............................................................................................................................ 6
6.1
6.2
6.3
6.4
6.5
6.6
6.7
6.8
6.9
6.10
6.11
6.12
7
Calls on shares ......................................................................................................... 8
7.1
7.2
7.3
7.4
7.5
7.6
7.7
7.8
7.9
7.10
7.11
7.12
8
Lien on share ..................................................................................................................6
Lien on loans under employee incentive schemes .........................................................6
Lien on distributions ........................................................................................................6
Exemption from clause 6.1 or 6.2 ...................................................................................6
Extinguishment of lien.....................................................................................................6
Company’s rights to recover payments ................................................................................. 7
Reimbursement is a debt due .........................................................................................7
Sale under lien ................................................................................................................7
Limitations on sale under lien .........................................................................................7
Transfer on sale under lien .............................................................................................7
Irregularity or invalidity ....................................................................................................7
Proceeds of sale .............................................................................................................7
Payments due on fixed dates .........................................................................................8
Calls ................................................................................................................................8
Notification of call ............................................................................................................8
Non-receipt of notice.......................................................................................................8
Revocation of call ...........................................................................................................8
Deemed time of call ........................................................................................................8
Liability of joint holders ...................................................................................................8
Interest on outstanding sums..........................................................................................8
Differentiation between holders ......................................................................................8
Pre-payment of calls .......................................................................................................8
Suspension of privileges .................................................................................................9
Recovery of amounts due ...............................................................................................9
Alteration of capital .................................................................................................. 9
8.1
8.2
Power ..............................................................................................................................9
Reduction of capital ........................................................................................................9
Approved by shareholders on 26 November 2020
Constitution of Speciality Metals International Limited
9
Transfer of securities ............................................................................................... 9
9.1
9.2
9.3
9.4
9.5
9.6
9.7
Participation in computerised or electronic systems.......................................................9
Form of transfers ......................................................................................................... 10
Registration procedure ................................................................................................ 10
Transfers and certificates ............................................................................................ 10
Directors’ powers to apply a Holding Lock and decline to register .................................. 10
Non-interference with registration ................................................................................ 11
Instruments of transfer retained ................................................................................... 11
10
Closure of register.................................................................................................. 11
11
Transmission of shares ......................................................................................... 11
11.1
11.2
11.3
12
Forfeiture of shares ................................................................................................ 12
12.1
12.2
12.3
12.4
12.5
12.6
12.7
12.8
12.9
12.10
13
Annual General Meetings ............................................................................................ 14
Power to convene ........................................................................................................ 14
Power to postpone ....................................................................................................... 14
Business at postponed meeting .................................................................................. 14
Notice ........................................................................................................................... 14
Notice period and content ............................................................................................ 14
Circular resolution ........................................................................................................ 14
Omissions .................................................................................................................... 14
Proceedings at general meetings.......................................................................... 14
14.1
14.2
14.3
14.4
14.5
14.6
14.7
14.8
14.9
14.10
14.11
14.12
14.13
14.14
14.15
14.16
14.17
14.18
14.19
15
Procedure for forfeiture ................................................................................................ 12
Application to dividends ............................................................................................... 12
Rights of sale ............................................................................................................... 13
Surrender instead of forfeiture ..................................................................................... 13
Cessation as a member ............................................................................................... 13
Evidence of forfeiture ................................................................................................... 13
Manner of forfeiture ..................................................................................................... 13
Residue on sale ........................................................................................................... 13
Certificates ................................................................................................................... 13
Application to further calls............................................................................................ 13
General meetings ................................................................................................... 14
13.1
13.2
13.3
13.4
13.5
13.6
13.7
13.8
14
Recognised interests ................................................................................................... 11
Transmission ............................................................................................................... 12
Personal representatives and joint holders ................................................................. 12
Use of technology ........................................................................................................ 14
Quorum ........................................................................................................................ 15
Effect of no quorum ..................................................................................................... 15
Chairperson ................................................................................................................. 15
Vacancy in chairperson ............................................................................................... 15
Adjournment ................................................................................................................ 15
Notice where a meeting is adjourned for 30 days ....................................................... 15
Form of notice for adjourned meeting.......................................................................... 15
Voting on show of hands ............................................................................................. 15
Poll ............................................................................................................................... 16
Chairperson’s vote.................................................................................................................. 16
Proxy holders and representatives voting rights.......................................................... 16
Votes of joint holders ................................................................................................... 16
Incapacity ..................................................................................................................... 16
Disentitlement to vote .................................................................................................. 17
Objection to voter ......................................................................................................... 17
Decisions ..................................................................................................................... 17
Admission to general meetings ................................................................................... 17
Auditor's right to be heard ............................................................................................ 17
Proxy ....................................................................................................................... 17
15.1
15.2
Appointment of proxy ................................................................................................... 17
Form of proxy ............................................................................................................... 18
15.3
Evidence of proxy appointment forms, powers of attorney and other appointments .. 19
15.4
15.5
15.6
15.7
15.8
15.9
16
Direct voting ........................................................................................................... 20
16.1
16.2
16.3
17
Minimum and maximum number of Directors on incorporation ....................................21
Change to numbers of Directors ...................................................................................21
Eligibility ........................................................................................................................21
Period of office ..............................................................................................................21
Retirement by rotation ..................................................................................................21
Retiring Director to remain in office until successors appointed ...................................22
Casual vacancy ............................................................................................................22
Removal by members ...................................................................................................22
Appointment by members .............................................................................................22
Directors’ fees and remuneration ......................................................................................... 22
Directors’ expenses ................................................................................................................ 23
Special remuneration ....................................................................................................23
Increase in fees.............................................................................................................23
No share qualification ...................................................................................................23
Vacation of office ..........................................................................................................23
Powers and duties of Board .................................................................................. 23
18.1
18.2
18.3
18.4
19
General .........................................................................................................................20
Treatment of direct votes ..............................................................................................20
Multiple votes ................................................................................................................21
Appointment, removal and remuneration of Directors ........................................ 21
17.1
17.2
17.3
17.4
17.5
17.6
17.7
17.8
17.9
17.10
17.11
17.12
17.13
17.14
17.15
18
Corporate representatives ............................................................................................19
Proxy to be received by Company ................................................................................19
Power to demand poll ...................................................................................................20
Revocation of proxy ......................................................................................................20
Validity of votes of proxy ...............................................................................................20
No liability......................................................................................................................20
General power of management ....................................................................................23
Borrowing powers .........................................................................................................23
Options..........................................................................................................................23
Negotiable instruments .................................................................................................24
Proceedings of Directors ....................................................................................... 24
19.1
19.2
19.3
19.4
19.5
19.6
19.7
19.8
19.9
19.10
19.11
19.12
19.13
19.14
19.15
19.16
19.17
19.18
19.19
19.20
19.21
19.22
19.23
19.24
19.25
Board to regulate as quorum ........................................................................................24
Convening of meetings .................................................................................................24
Written resolution ..........................................................................................................24
Deemed date of passing resolution ..............................................................................24
Use of technology .........................................................................................................24
Decisions of the Board ..................................................................................................24
Minutes of meeting of Directors ....................................................................................24
Chair must sign minutes ...............................................................................................25
Appointment of alternate Director .................................................................................25
Ending of appointment of alternate Director .................................................................25
Authority to act where vacancy .....................................................................................25
Chairperson ..................................................................................................................25
Substitute chairperson ..................................................................................................25
Committee of Directors .................................................................................................25
Regulation of committee of Directors............................................................................26
Determination by majority vote .....................................................................................26
Casting vote for chairperson of a committee ................................................................26
Defects in appointments ...............................................................................................26
Disqualification ..............................................................................................................26
Director’s personal interests.................................................................................................. 26
Declaration of interests .................................................................................................26
Interests obtained post contract....................................................................................26
Interested Director not included in quorum ...................................................................26
Failure to disclose .........................................................................................................27
Directors of related corporations...................................................................................27
19.26
19.27
Interested Director may attest seal .............................................................................. 27
Director’s guarantee ............................................................................................................... 27
19.28
19.29
20
Executive Directors ................................................................................................ 27
20.1
20.2
20.3
20.4
20.5
21
Managing Director ....................................................................................................... 27
Executive Directors ...................................................................................................... 28
Cessation of appointment ............................................................................................ 28
Remuneration .............................................................................................................. 28
Powers of managing director ....................................................................................... 28
Secretary ................................................................................................................. 28
21.1
21.2
21.3
22
Partnership/other interests........................................................................................... 27
Directors aware of interest ........................................................................................... 27
Appointment of Secretary ............................................................................................ 28
Suspension and removal of Secretary ......................................................................... 28
Powers, duties and authorities of Secretary ................................................................ 28
Seal .......................................................................................................................... 28
22.1
22.2
22.3
22.4
Board may elect to adopt a Seal ................................................................................. 28
Safe custody of Seal .................................................................................................... 28
Authority to use Seal.................................................................................................... 29
Where no seal is adopted ............................................................................................ 29
23
Minutes.................................................................................................................... 29
24
Records ................................................................................................................... 29
24.1
24.2
25
Powers of attorney ................................................................................................. 30
25.1
25.2
26
Powers of attorney ....................................................................................................... 30
Limits on power ............................................................................................................ 30
Dividends and reserves ......................................................................................... 30
26.1
26.2
26.3
26.4
26.5
26.6
26.7
26.8
26.9
26.10
27
Records........................................................................................................................ 29
Keeping records ........................................................................................................... 29
Payment of dividend .................................................................................................... 30
No interest on dividends .............................................................................................. 30
Reserved profits ........................................................................................................... 30
Entitlement to dividends............................................................................................... 30
Amounts advanced on shares ..................................................................................... 31
Deduction from dividends of money owing .................................................................. 31
Distribution of specific assets ...................................................................................... 31
Board to settle differences ........................................................................................... 31
Payments in respect of shares .................................................................................... 31
Authority to capitalise profits ........................................................................................ 32
Share plans ............................................................................................................. 32
27.1
27.2
Implementing share plans ............................................................................................ 32
Board’s powers and varying, suspending or terminating share plans ............................ 33
28
Unclaimed Money ................................................................................................... 33
29
Notices and service ................................................................................................ 33
29.1
29.2
29.3
29.4
29.5
29.6
29.7
30
Winding up .............................................................................................................. 34
30.1
30.2
31
Methods of service ....................................................................................................... 33
Post .............................................................................................................................. 34
Fax or other electronic means ..................................................................................... 34
Evidence of service ...................................................................................................... 34
Notice Requirements ................................................................................................... 34
Joint holders ................................................................................................................ 34
Persons entitled to shares ........................................................................................... 34
Division of property among members .......................................................................... 34
Vesting property on trustees ........................................................................................ 35
Officers’ indemnity and insurance .................................................................................. 35
31.1
31.2
Indemnity ..................................................................................................................... 35
Insurance ............................................................
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