EQ Resources Limited Annual Report 2024

ANNUAL Report June 2024 Notes to the Consolidated Financial Statements 34 The capitalised borrowing costs represent those costs directly attributable to securing this funding package and will be amortised over the period in which the first stage royalty of $10 million will be repaid. The unexpired interest component will be recognised over the life of mine in line with each of the scheduled periodic repayments to Regal Resources Royalties Fund. A discounted cash flow method using a discount rate of 5.455% (2021: n/a) was used to capture the net present value of the revenues for the life of mine as determined in the May 2023 Update of the BFS. 3 Deferred acquisition costs represent those costs directly attributable to the acquisition of Saloro on 18 January 2024. These costs will be amortised over the life of mine. 7. AUDITOR’S REMUNERATION 2024 $ 2023 $ Audit-related services Amounts paid or payable: - Nexia Melbourne Audit Pty Ltd 176,245 88,680 - Deloitte, Spain 25,671 - Taxation services Amounts paid or payable: - Nexia Melbourne Pty Ltd 27,634 16,700 - Deloitte, Spain 65,793 - 295,343 105,380 8. TRADE AND OTHER RECEIVABLES 2024 $ 2023 $ Trade receivables 6,733,194 2,495,980 Less: Allowance for doubtful debts (10,634) (549) 6,722,560 2,495,431 Other taxation 3,516,956 808,648 Other receivables - related entities 5,531,580 - Other receivables – other persons/corporation 710,988 629,533 Total trade & other receivables 16,482,084 3,933,612 Prepayments 656,636 634,064 Trade Receivables Average credit period on sales of product is 30 days. No interest is charged on outstanding trade receivables. The collectability of trade receivables is assessed continuously, and individual receivables are written off when management deems them unrecoverable. A provision has been made for those receivables whose recovery was deemed doubtful as at reporting date. Other Receivables – Related Entities Receivables from related entities represent the Company’s 50% portion of loans provided to the unincorporated joint venture since its inception. These loans are unsecured and non-interest bearing and are recorded as a current asset pending the acquisition by EQR of CR Australia’s joint venture interest in the Mt Carbine Retreatment Joint Venture (refer ASX Announcement “EQR Executes Definitive Agreement to Acquire Mt Carbine Retreatment Joint Venture Interest from Cronimet” dated 5 July 2024). Notes to the Consolidated Financial Statements continued 100 EQ Resources Limited Annual Report 2024

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