ANNUAL REPORT June 2026 Remuneration Report - Audited S.R. Weir There is a written agreement with Mr Weir, appointed Nominee Director for Oaktree Capital Management, L.P. (“Oaktree”). Mr Weir’s compensation was covered by Oaktree during the 2026 financial year. Z.P. Yeo There is a written agreement with Mr Yeo dated 12 August 2019 in his role as Non-executive Director of the Company. This position continues until Mr Yeo ceases to hold office as director and may be terminated at any time by written notice of resignation. Executives J. Kort There is a written agreement with Mr Kort dated 1 June 2025 in his role as Chief Financial Officer. The Company or Mr Kort may terminate the contract by giving three month’s written notice. V. Trout There is a written agreement with Mrs Trout dated 7 March 2026 in her role as General Counsel & Company Secretary. The Company or Mrs Trout may terminate the contract by giving three month’s written notice. FY2027 Remuneration Structure The Company’s recent growth has increased the scope, complexity and accountability of its Executive leadership roles. As such, an independent consultant was engaged to benchmark current remuneration structures of similar sized ASX listed entities to inform the FY2027 Executive remuneration structure. Executive remuneration to be structured as follows: Fixed remuneration (FR) Base salary, superannuation and other fixed benefits Short Term Incentive (STI) An annual cash incentive based on performance targets. Long Term Incentive (LTI) Performance rights linked to relative and absolute returns, with awards vesting after a three-year period. All Executives will be subject to the following STI framework with the ability to achieve between 0% (performance below threshold measured) to 150% (performance greater than stretch measures) of the target: Measure Percentage Indicative anchor Safety (TRIFR/ critical control performance) 30% Improvement vs FY2026 baseline; zero fatalities (threshold) Group Production (t WO3) 30% Performance against production targets set by the Board. Unit operating cost (US$/mtu) 15% Performance against cost targets set by the Board. ESG, people and culture 10% Environmental compliance, community/ stakeholder outcomes, leadership and culture, talent development and succession capability. Individual 15% Role specific strategic initiatives. 40 EQ Resources Limited Annual Report 2026 Directors’ Report continued
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