Health and Safety The acquisition of Saloro by EQR initiated the integration of the Health and Safety (HSE) departments of both companies, sharing the high safety standards that EQR had implemented in its Mt Carbine operations. During the second half of FY2024, coinciding with the arrival of EQR, a great effort has been made for Saloro and EQR to share work procedures, knowledge and collaboration in safety matters with regular workshops and meetings between HSE departments to share best practises and safety procedures. Saloro has continued with its policy of alcohol and drug controls, a procedure established since the beginning of the construction work and commissioning of the facilities. All workers support this initiative, aware that the Company must guarantee the safety of its employees and offer to its staff optimal working conditions. During FY2024 a total of 25,113 alcohol tests and 402 drug tests were conducted. Saloro has diligently maintained compliance with mining sector regulations by conducting mandatory training. Workers were keen to upskill, undertaking additional courses designed to enhance responsiveness to various workplace risks. In FY2024, the Company placed a special emphasis on training the workforce regarding the hazards associated with respirable silica, in response to the recent important regulatory updates. To effectively implement this training, the Company engaged external companies and undertook detailed organisation of the courses, ensuring the team is both well-prepared and compliant with the latest safety standards. The following training has been conducted: − 26 Initial mining training − 41 Respirable Crystalline Silica (theory) − 35 Respirable Crystalline Silica (Practise) − 17 First Aid Course − 20 Safety in Mining − 2 Chemical product training − Site wide training for the use of Automatic Defibrillator (AED) Saloro conducts comprehensive control activities to mitigate risks associated with its operations. This includes performing at least three annual measurements of silica content in the respirable dust fraction, along with the installation of irrigation and dust collection systems at critical points. Additionally, timely training is provided to workers, and personal protective equipment (PPE) is distributed and monitored to ensure proper use for each specific job. Furthermore, routine checks are conducted on the environmental conditions within the workplace, covering aspects such as noise, vibrations, lighting, and radiation. Safety equipment, including first aid kits, fire extinguishers, fall arrest harnesses, and ladders, is also inspected monthly to maintain high safety standards. Open Cut Mining Operations During this fiscal year, the mining operations faced a variety of challenges, each presenting unique obstacles but also opportunities for growth and improvement. Through strategic management and the dedicated efforts of the team, the team at Saloro have successfully navigated these challenges, ensuring continued operational success and resilience. Below, are the details of the most significant events of 2024 that have shaped the operations, highlighting the achievements and the proactive steps taken to enhance productivity and sustainability. Extension of the contract with mining operator Peal Hispania Since September 2020, PEAL Hispania has been a key partner in production work at the Barruecopardo mine. The recent two-year extension of their contract, valid through September 2025, underscores the enduring commitment of PEAL Hispania to the project at Barruecopardo. This long-standing relationship provides stability and continuous improvement in the operations, reflecting a mutual dedication to the success and growth of the mine. Rainiest year in the mine area since 2019 While this has been the rainiest year since 2019, the project has proven to be well-prepared to handle these conditions. Operating and Financial Review continued Saloro/Barruecopardo Operations 50 EQ Resources Limited Annual Report 2024
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