EQ Resources Limited Annual Report 2024

Gravity Plant The Gravity processing operations at the site have successfully transitioned from primarily processing material from the LGS at 0.0745% WO3, based on historic assays, to processing tungsten-rich ore at 0.15 - 0.22% WO3 sourced from open pit operations and has led to significant positive outcomes. The operations team has effectively enhanced the performance of the Ore Sorter Plant and the recovery rates of ore processed through the Gravity Plant, resulting in a higher-grade feed to the plant and a substantial increase in concentrate production. The high-grade Ore Sorter Product processed at the Gravity Plant through the High-Grade circuit increased from 3,000 tonnes monthly average for FY2023 to 4,000 tonnes monthly average for FY2024, greatly increasing the Gravity Plant’s feed grade. The High-Grade Crushing Circuit at the Gravity Plant. Operating and Financial Review continued 40 EQ Resources Limited Annual Report 2024

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