The sampling indicates that the mineralised zones contain an average of 8-12% quartz, while the mineralised zones have 6-8%. Within the quartz, when isolating the scheelite-bearing components, the geology team noticed that 40-70% of the quartz is mineralised. In lowergrade ore, only 30-40% of the quartz is mineralised. Once the targeted zone has been mined, it may be preferable to shift to narrow vein mining underground, as the wider zones will no longer be present. Drilling has revealed known mineralisation over a vertical range from a height of 420m RL down to 110m RL in the deeper holes. The larger veins remain open at depth and along strike. Simplified map of the Vein System with the veins being mined in FY2024 in the Open Pit. Cross-cut above shows the shape of the major orebody over 200m of the pit in 50m Sections. The ore coalesces between 225-375m RL and grade increases in this area. resourcing the new economy for a bette mpling indicates that the mineralised zones contain an average of 8-12% quartz, while the mineralized zon the quartz, when isolating the scheelite-bearing components, the geology team noticed that 40-70% o lized. In lower-grade ore, only 30-40% of the quartz is mineralized. Once the targeted zone has been m ble to shift to narrow vein mining from underground, as the wider zones will no longer be present. Drillin mineralisation over a vertical range from a height of 420m down to 110m in the deeper holes. The large t depth and along strike. Figure XX – shows the shape of the major orebody over 200m of the pit on 50m Sections. The ore coalesces be 375m RL and grade increases in this area. ampling indicates that the mineralised zones contain an average of 8-12% quartz, while the mineralized zon n the quartz, when isolating the scheelite-bearing components, the geology team noticed that 40-70% o alized. In lower-grade ore, only 30-40% of the quartz is mineralized. Once the targeted zone has been mi able to shift to narrow vein mining from underground, as the wider zones will no longer be present. Drilling n mineralisation over a vertical range from a height of 420m down to 110m in the deeper holes. The large at depth and along strike. Figure XX – shows the shape of the major orebody over 200m of the pit on 50m Sections. The ore coalesces be 375m RL and grade increases in this area. EQ Resources Limited Annual Report 2024 25
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