Australian Regional Exploration Brownfields - Ruby Vein Outline Located 150 meters north of the planned open cut at Mt Carbine, the Ruby Veins outcrop at an elevation of 430-460m RL at the top of Mt Carbine. Historically, these veins were partially mined by artisanal miners and appeared as three narrow veins, 5-10 cm wide, displaying good wolframite mineralisation in certain areas. A shallow investigative RC drilling program targeted the top 30 meters of the veins to explore for wider zones. The drilling revealed vein zones with widths of 1-2 meters and grades of up to 1.2% WO3, which is considered significant at the 480m RL level. Compared to the nearby, well-drilled Johnson Vein, where the main mineralised zone occurs at 250-275m RL, hitting such grades at this higher level is regarded as an important discovery by the geology team. Ruby Vein section & plan showing thin veins at high level in the system. Shallow 50-meter holes hit 12 meters of grades up to 1.2% WO3. EQ Resources Limited Annual Report 2024 45
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