ANNUAL Report June 2024 Directors’ Report 6 ▪ Feed preparation improvement trials for the ore sorter plants – leading to improved performance in terms of recovery and sorter product grade; and ▪ Preparation work for increased capacity by testing high-capacity / energy-efficient equipment. Refer ASX announcement “Mt Carbine Tungsten Mine Receives $2.17M R&D Tax Refund” dated 10 May 2024. (i) Infill drilling campaigns completed at the Mt Carbine Andrew White Open Cut revealled additional highgrade ore. Refer ASX announcements “Mt Carbine Infill Drilling Reveals Additional High-Grade Ore in Stage II Waste Cutback Area” dated 3 June 2024; “Mt Carbine Drilling Reveals High-Grade Zones in Stage 2 Pit” dated 30 April 2024; and “Mt Carbine Major Drilling Campaign Update” dated 30 January 2024. (j) Record production increases achieved throughout the second half of the 2024 financial year at both the Mt Carbine and Barruecopardo operations. Refer ASX announcements “Mt Carbine and Saloro Operations Hit New Production Records” dated 25 June 2024 and “Mt Carbine Hits Quarterly Production Record” dated 11 April 2024. Directors' Interests in Shares, Options and Performance Rights Director Shares Directly and Indirectly Held Options Directly and Indirectly Held Performance Rights Directly and Indirectly Held O. Kleinhempel 20,033,600 312,500 - S. Layton 55,431,559 312,500 - R.D. Morrow 6,991,471 312,500 - Z.P. Yeo 73,482,310 312,500 - Directors’ interests in shares, options and performance rights as at 30 June 2023 are set out under Section (e) of the Remuneration Report. Company Secretary Melanie Leydin Ms Leydin has over 25 years experience in the accounting profession and over 15 years as a Company Secretary with extensive experience in relation to Public Company responsibilities. Ms Leydin holds a Bachelor of Business majoring in Accounting and Corporate Law, is a member of the Institute of Chartered Accountants, Fellow of the Governance Institute of Australia and Registered Company Auditor. Ms Leydin graduated from Swinburne University in 1997, became a Chartered Accountant in 1999, and since February 2000 has been the Principal of Leydin Freyer Corp Pty Ltd. Following Leydin Freyer’s acquisition by Vistra Australia in November 2021, Ms Leydin now holds the position of Australian Managing Director of Vistra Australia, which provides outsourced Company Secretarial and accounting services to public and private companies across a host of industries. Directors’ Report continued 72 EQ Resources Limited Annual Report 2024
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