EQ Resources Limited Annual Report 2021

Using orientated core for the drilling and with over 99% core recovery, the Company was for the first time able to complete a detailed 3D-model of orientated quartz veins that better define the geological model. During the recent drill program, Hole EQ012 was extended deeper (further Local Grid North) to intersect part of the inferred Iron Duke formation and allowed a re-interpretation of the zone as being additional parallel zones to the pit mineralization. Three new ‘vein packages’ were defined in this area named the Dazzler, Talis and Crowne zones and each zone represents several King Veins clustered together. The zones here, are also separated by wider zones of barren metasedimentary host rocks. Plan of 16 diamond holes completed in 2021 Operating and Financial Review continued 12 EQ Resources Limited Annual Report 2021