Eq Resources Limited · ASX:EQR
Eq Resources — NWR Sydney Resources Lunch 2024
22 slides from Eq Resources's conference presentation, March 2024
Slide 1: EQ Resources Limited - NWR Sydney Resources Lunch
EQ RESOURCES LIMITED NWR Sydney Resources Lunch DOWNLOAD PRESENTATION March 2024 ASX : EQR
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: Corporate Update
Corporate Update Key Statistics 2023 - To Date (Share Price Performance & Key Announcements) Share Price (30-day VWOP) A$0.053 per share Shares on Issue 1.85B 3 Market Capitalisation A$ 98.25 million 2 1 5 Top 20 Shareholders >60% (9% Board/Management) 4 6 Board & Management Non-Executive Chairman O
Slide 4: Tungsten Uses & Market Outlook
Tungsten Uses & Market Outlook Critical Mineral, Unique Properties, Unsubstitutable in Many Applications “Purple tungsten oxide helps prolong “Reduced costs, increased efficiency “Tungsten demand to increase due to its lithium battery life.” key to wider use of tungsten filament.” key role in chip i
Slide 5: Tungsten – A Material of Global Critical Significance
Tungsten – A Material of Global Critical Significance at 3420OC highest melting Supply Risk point of all metals as carbide compound hardest element after diamond Economic Importance 5
Slide 6: EQR's Global Significance & Saloro Synergies
EQR’s Global Significance & Saloro Synergies Tier 1 jurisdiction producing tungsten assets, with similar characteristics: The combination of EQR’s Mt Carbine Tungsten Mine and Saloro’s – Both in Tier 1 jurisdictions Barruecopardo Tungsten Mine establishes the largest independent tungsten raw materia
Slide 7: EQR's Operating Assets
EQR’s Operating Assets Mount Carbine & Processing Plants Mt Carbine Open Pit History: Discovery 1895 #1 Closed 1982 Restart 2020 Barruecopardo History: & Processing Plants Mt Carbine Open Pit Discovery 1900 #1 Closed 1982 Restart 2019 7
Slide 8: Vertical Integration Opportunities
Vertical Integration Opportunities Tungsten Cluster - Australia • Current EQR management team specialises in development of mines and supply of concentrates. • EQR has 2 producing mines, has rights to explore and develop Wolfram Camp with high potential assets nearby. • Mineral process plants locate
Slide 9: Vertical Integration Opportunities
Vertical Integration Opportunities Mt Carbine - Australia EQR Group Concentrate Production In Operation Barrecupardo - Spain In Operation Target 3,000 - 5,000t WO3 p.a. Wolfram Camp / Bamford Hill (up to 50% of Western Exploration Phase Mine Supply) Additional Asset? Potential Partnerships, Structur
Slide 10: Mt Carbine Tungsten Mine and Quarrying Operations
Mt Carbine Tungsten Mine and Quarrying Operations Transforming an Historical Mine to Australia’s Largest Primary Tungsten Producer and a Key Resource Producer (Quarry Materials) 10
Slide 11: Reflection of Last 6-months
Reflection of Last 6-months 11
Slide 12: Mt Carbine - Open Pit Mining Stages
Mt Carbine - Open Pit Mining Stages Current Plans – OC mining to 2029 + 3 years LGS • Refining pit – Extend 50m Southeast • Pit Stage I – Complete in May, 2024 • Pit Stage II – 3 years end Q1, 2027 • Pit Stage III – 2 years to Q1, 2029 + LGS to 2032 Yellow (Stage I Pit) Blue (Stage II Pit) Green (St
Slide 13: Mt Carbine - Exploration & Underground Potential
Mt Carbine - Exploration & Underground Potential Existing decline Planned development 13
Slide 14: Mt Carbine - Expanded Crushing & Screening
Mt Carbine - Expanded Crushing & Screening Key Equipment Arrived On Site 14
Slide 15: Barruecopardo - Saloro As Latest Member Of EQR Group
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 the Processing Plant leading Tungsten producing regions globally: World-class Tungsten Clust
Slide 16: Saloro - Barruecopardo Processing Plant
Saloro - Barruecopardo Processing Plant 24/7 Operation, near Barruecopardo Village and in close proximity to Natural Park Processing Plant World-class Dry section (outside) • Producing 0 - 5 mm Wet section (inside) • Precon screen • JIG´s 1 – 5 mm • Spirals • Hydrosizers Barruecopardo • Flotation Op
Slide 17: Saloro XRT Sorter Infrastructure
Saloro XRT Sorter Infrastructure Sensor Based Sorting: Technologically Driven, Economically Proven Construction of facility completed in Q2 2023 • 1st TOMRA XRT Installed and operated Q3 2023 • 2nd TOMRA XRT Installed and operated Q1 2024 17
Slide 18: Wolfram Camp - Preferred Tenderer EPM
Wolfram Camp - EQR Awarded Preferred Tenderer EPM Opportunity & Strategic Rationale Perfectly situated within a Critical Historical Operations Minerals Hub (W, Sn) Wolfram Camp in Far North Queensland: Tungsten Cluster - Australia W atershed Opportunity Strategic Rationale • Two Primary Exploration
Slide 19: What We Care About
What We Care About Responsible and Sustainable Critical Mineral Production BENEFICIAL REUSE CORE VALUES 19
Slide 20: 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 21: A Globally Significant Tungsten Raw Materials Supplier
A Globally Significant Tungsten Raw Materials Supplier Australia’s largest primary tungsten producer, consistently accelerating production. Recent acquisition of Saloro (Barruecopardo Mine) makes EQR the largest western supplier of tungsten raw materials. Secured offtake via CRONIMET partnership at
Slide 22: 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