EQ Resources Limited Annual Report 2024

Structure of the Ore Body Structure has always been considered a significant factor in the mining process at Mt Carbine, influencing both ore body dislocation and pit wall stability. Over the past 12 months, it has become evident that the dominant structural feature in the pit is the Christmas Fault, which has destroyed approximately 15 meters of the ore body in the western part of the pit. This early fault is believed to have acted as a barrier to quartz mineralisation, causing quartz veins to accumulate against the fault without extending into it. However, these veins reappear on the other side of the fault in their expected locations. 23 Figure XX – shows the shape of the major orebody over 200m of the pit on 50m Sections. The ore coalesces between 225375m RL and grade increases in this area. Structure of the Ore body Structure has always been considered a significant factor in the mining process at Mt Carbine, influencing both ore body dislocation and pit wall stability. Over the past 12 months, it has become evident that the dominant structural feature in the pit is the Christmas Fault, which has destroyed approximately 15 meters of the ore body in the western part of the pit. This early fault is believed to have acted as a barrier to quartz mineralisation, causing quartz veins to accumulate against the fault without extending into it. However, these veins reappear on the other side of the fault in their expected locations. Left: Figure XX Major Structural Components causing ore body configuration (Jogs); Right: Recent drilling before blasting on 365355 levels Left: Major structural components causing ore body configuration (Jogs); Right: Recent drilling before blasting on 365-355m RL levels. Operating and Financial Review continued 26 EQ Resources Limited Annual Report 2024

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