Thorough preparation and a swift response to Tropical Cyclone Jasper played a pivotal role in minimising risks and reducing damage at the Mt Carbine site. Despite confronting extreme winds, unprecedented rainfall, floods, and power disruptions, our proactive measures and quick actions limited cyclone-related downtime to just 10 days. This rapid recovery demonstrated the resilience of the team at Mt Carbine and the robustness of the operations under severe weather conditions. While production targets were impacted by flooded roads that restricted site access, new policies were implemented and temporary accommodations for staff were organised to ensure full operational hours as best as possible and to maintain safety as a priority. Left: Open Pit on the 1st of January; Right: Open Pit at the end of February. Cyclone Jasper was the wettest tropical cyclone in Australian history, with an estimated cost of $1 billion for the Cairns region. The pit filled up with nearly 1.5 millions litres of water, making access to good grade ore impossible until complete dewatering. The drilling, blasting and mining operations were moved to the top level to continue stripping while the pumps were emptying the pit 24/7. The wet season was prolonged this year which meant the dewatering was not completed until the 25th of February. - 5,000 10,000 15,000 20,000 25,000 - 50,000 100,000 150,000 200,000 250,000 300,000 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 mtus Tonnes Mt Carbine Mine Performance FY2024 Ore Extracted Tungsten Produced* - Gravity Plant (mtu) Ore (Monthly t) * 50% EQR 50% Cronimet. EQ Resources Limited Annual Report 2024 29
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