At Bamford Hill, there is an extensive breccia pipe that is locally well mineralised, with grades exceeding 0.5%. Although the size potential has yet to be fully determined, and historical drilling has been limited, mapping suggests that the breccia pipe extends vertically over 250 meters. Detailed reconnaissance mapping, coupled with Induced Polarization surveys, is planned for Bamford Hill to enhance understanding of its scale and mineralisation potential. Orebody Resource Classification Tonnes (kt) Grade (% WO3) WO3 (mtu) Greisen Indicated 442 0.15 66,300 Inferred 1,829 0.15 274,350 Pipe Material Indicated 77 0.69 53,130 Inferred 602 0.69 415,380 Total 2,950 0.279 823,050 Wolfram Camp Resources. Source: 2015 Technical Report Almonty Industries (NI 43-101) NSW Exploration Tenements Sozo Resources has successfully completed the Stage 1 Farm-In Conditions and has chosen to proceed to Stage 2 of the Farm-In. This decision grants Sozo the exclusive right to acquire a 49% legal and beneficial interest in the Joint Venture gold property. To secure this interest, Sozo must invest $750,000 in exploration activities, with the expenditure deadline set for August 3rd, 2024. Panama Hat At the Telephone Gold Prospect, recent drilling efforts included 7 RC holes and 7 AC holes, aiming to test gold mineralisation along NW-SE striking structures and a satellite soil anomaly. While the drilling confirmed the presence of these structures, the gold assays were modest, with the best result being 2 meters at 0.59 g/t Au. The anticipated shallow gold oxide resource was not found, leading to a shift in exploration focus. The AC drilling, which targeted a soil anomaly, also yielded disappointing results with the highest gold assay at 40ppb. The absence of arsenic, a common gold pathfinder, suggested the anomaly might be transported rather than in situ. Consequently, further drilling at the Telephone Line Prospect was deemed unjustified, redirecting exploration efforts to the Panama Hat and Willyong Tank Prospects. At the Panama Hat Prospect, a newly interpreted NW-SE linking structure between major shear zones has been identified as a promising exploration target. Future efforts will focus on these structural intersections, building on insights from previous drilling campaigns. EQ Resources Limited Annual Report 2024 47
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