Quarry Operations After good sales from the continued relationship with Boral Asphalt reseal projects in the first half of the year, the prolonged wet season limited the extent of infrastructure projects that could progress. Culminating in Cyclone Jasper in December, and the crippling flooding that affected the Far North Queensland region thereafter, the quarry team was pleased to be the only quarry in the district that did not spend many weeks underwater! This did result in vital emergency repairs being able to be supplied with material to open local roads to the stranded public, whether by supply to councils or supply to other quarries. Significant landslips occurred during this event and some locations have been in caretaker mode until plans for rehabilitation have gone through process. Disaster Recovery Funding is now filtering through to local councils and enabling local roads projects to come to the fore. Mt Carbine Quarry is currently supplying to the restructuring of the Alexander Range north of the Daintree River which commenced in June 2024 and has continued through July and August, and have provided material tenders for the Captain Cook Highway Jasper Landslip Project (yet to be awarded). Aligned with the Queensland Government strategy of repurposing waste rock from mining projects, the Mt Carbine operations beneficially re-uses clean mine waste to make a diverse array of products, including road bases, drainage aggregates, bituminous sealing aggregates, and robust armour rock to name only a few. The increased mine & blast operations of the past year have not only increased tungsten production but has also given greater opportunity for extraction of the large armour rocks required for slope stabilisation, as well as rock fill for Gabion Walls and Mattresses. EQ Resources Limited Annual Report 2024 43
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