Eq Resources Limited · ASX:EQR
Eq Resources — Shareholder Meeting (November 2023)
25 slides from Eq Resources's shareholder meeting presentation, Nov 29, 2023
Slide 1: EQ Resources Limited Annual General Meeting
EQ RESOURCES LIMITED Annual General Meeting 29th November 2023 ASX : EQR 1
Slide 2: Disclaimer
Disclaimer Competent Person's Statement • The information in this presentation partly relates to the outcomes of the Mt Carbine Bankable Feasibility Study Update (May 2023), made available through the Company’s website www.eqresources.com.au/. • The Company confirms that it is not aware of any new i
Slide 3: A Globally Significant Tungsten Raw Materials Supplier
A Globally Significant Tungsten Raw Materials Supplier 3
Slide 4: Corporate Overview
Corporate Overview Key Statistics Share Price Performance Share Price A$0.067 per share 11 13 12 4 14 12-month range A$0.04 - A$0.088 per share 2 6 10 7 9 Shares on Issue 1.57B 8 3 5 Market Capitalisation A$107 million Top 20 Shareholders 58% (~10% Board/Management) 1 1 Feasibility Study Resource Dr
Slide 5: A Globally Significant Tungsten Raw Materials Supplier
A Globally Significant Tungsten Raw Materials Supplier Established Australia’s largest primary tungsten producer, consistently accelerating production. Recent acquisition of WO3 Production Saloro (Barruecopardo Mine) makes EQR the largest western supplier of tungsten raw materials. Secured Long-Term
Slide 6: Last 12 Month Priorities – Status Update
Last 12 Month Priorities – Status Update Drill Mt Carbine exploration targets and increase open pit optimisation tonnage, drill inferred resource to indicated (Phase 1 2022 Drilling Program) – Completed Drilling of Western Extension & exploration targets (Phase 2 2022 Drilling Program) – Complet
Slide 7: Corporate Priorities of Coming 12 Months
Corporate Priorities of Coming 12 Months • Global Expansion and Collaboration: Emphasis on becoming an important global supplier of tungsten concentrate, expanding beyond Australia into operations in Spain with Barruecopardo. • People, Safety, and Community Engagement: Building and training a workfo
Slide 8: Tungsten – A Material of Global Critical Significance
Tungsten – A Material of Global Critical Significance Tungsten is classified as a 'critical mineral’ by the US, UK, EU, Japan, South Korea, India and Australia: - Due to its economic importance - Supply dependency with >80% China market share - Inability to be substituted in many end-use application
Slide 9: Tungsten Market Overview
Tungsten Market Overview • Decades of continuously increasing dependency on China resulted in a market where today 90% of tungsten raw materials originate from China and other non-transparent or conflicted sources – including Russia, North-Korea and Central Africa • Contrary to the “disturbing” supp
Slide 10: What We Care About
What We Care About Responsible and Sustainable Critical Mineral Production BENEFICIAL REUSE CORE VALUES 10
Slide 11: Health & Safety Performance
Health & Safety Performance Pro-active HSE culture through upskilling of employees No lost time injuries record achieved at 600 days prior to reset. Safety and Management team continue to actively working to promote a Think First, pro-active safety culture. Pro-active indicators of risk assessments,
Slide 12: ESG Commitment & Development Highlights
ESG Commitment & Development Highlights EQR is working towards GRI's Disclosure Standards for voluntary reporting, currently aligning 'in reference to' these standards. Additionally, EQR has completed the ICMM Self-Assessment to evaluate alignment with their Performance Expectations. Environmental S
Slide 13: Recognition For Our Sustainability Efforts
Recognition For Our Sustainability Efforts Responsible and Sustainable Critical Mineral Production 13
Slide 14: Mt Carbine Open Pit Operations
Mt Carbine Open Pit Operations Mt Carbine Open Pit Operations The build and commissioning of the Golding Hitachi 1900 Excavator has been completed without incident, and this machine is now fully operational. Due to local roads, the machine was at shipping format on arrival. Supervision of the build
Slide 15: Mt Carbine Production
Mt Carbine Production Quarter on Quarter Ramp Up, Including Q2 FY2024 Forecast WO3 Concentrate Production 50% Equivalent (kg) 600,000 500,000 400,000 300,000 200,000 100,000 - Q3 FY2023 Q4 FY2023 Q1 FY2024 Q2 FY2024 Forecast Gravity Plant WO3 Concentrate Production 50% Equivalent last four Quarters.
Slide 16: Solidly Developing Mt Carbine Economics Since 2021
Solidly Developing Mt Carbine Economics Since 2021 Continuous Value Generation Through Targeted Exploration, Value Engineering and Technology Deployment Comparison of Mt Carbine Project Economics (excl. Underground Feasibility Work) Parameter Unit Initial BFS BFS Pit Optimisation BFS Pit Optimisatio
Slide 17: Ongoing Blast Master
Ongoing Blast Master Current bottom level of the pit floor divided by blasts, sorted by grade. 17
Slide 18: Planned New UG Development to Access Iron Duke Resources
Planned New UG Development to Access Iron Duke Resources EQ026: 5.95m @ 0.94% WO3 EQ029: 9.76m @ 0.46% WO3 from 140.84m, incl. 2.25m @ 1.90% WO3 from 140.84m EQ029 EQ026 18
Slide 19: Barruecopardo
Saloro as Latest Member of EQR Group Europe’s Largest Tungsten Mine, With Outstanding ESG Credentials, Additional Ramp-Potential and Regional Exploration Upside Iberian Peninsula has historically been one of Processing Plant the leading Tungsten producing regions globally: World-class Tungsten Clust
Slide 20: EQR & Saloro's Global Significance
EQR & Saloro’s Global Significance Arguably the two best producing tungsten assets today, with similar characteristics: – Both in Tier 1 jurisdictions – Similar mineralogy: Both are hosted in sheeted quartz – Complementary geology: Granite (Barruecopardo) and Metasediments (Mt Carbine) – Identical m
Slide 21: Saloro Transaction Summary – Key Terms
Saloro Transaction Summary – Key Terms – EQR through its wholly-owned subsidiary, European Tungsten Pty Ltd, agreed to acquire 100% of Saloro for a nominal consideration of EUR1 – European Tungsten also acquired the benefit of all of the intercompany loans owed by Saloro to the Oaktree Group (which
Slide 22: Wolfram Camp – Preferred Tenderer EPM
Wolfram Camp – EQR Awarded Preferred Tenderer EPM Opportunity & Strategic Rationale Historical Operations Perfectly situated within a Critical Minerals Hub (W, Sn) Wolfram Camp in Far North Queensland: Tungsten Cluster W atershed Mt Carbine Opportunity Strategic Rationale • Two Primary Exploration Z
Slide 23: Strategic Partners Endorsement Through Funding & Grants
Strategic Partners Endorsement Through Funding & Grants Strong Support for Critical Minerals Projects in Australia Queensland METS Collaborative Projects Fund (METS Ignited) ASX Announcement 24 July 2020: Government Support for Mt Carbine Mine Waste Transformation Initiative Advanced Manufacturing G
Slide 24: Inflection Point of Value
Inflection Point of Value INCREASING MARKET CAP & NPV INCREASING SHARE PRICE 350 0.08 307 0.07 300 0.07 0.06 250 209 0.05 $AU Millions 0.05 $AUD 200 0.04 150 131 0.03 ~100 100 0.03 100 33% 0.02 50 50 20 24% 0.01 15% 0 0.00 01/07/2021 01/07/2022 03/07/2023 2021 2022 2023 2021 2022 2023 JULY yearly .
Slide 25: Follow us on
Site Contact: Investor Relations: Kevin MacNeill Peter Taylor Chief Executive Officer NWR Communications T: +61 438 542 260 T: +61 412 036 231 E: kmacneill@eqresources.com.au E: peter@nwrcommunications.com.au Registered Office: Mt Carbine Office: Level 4, 100 Albert Road 6888 Mulligan Highway, South