Eq Resources Limited · ASX:EQR
Eq Resources — Investor Presentation (November 2024)
11 slides from Eq Resources's investor presentation, Nov 21, 2024
Slide 1: EQ Resources Limited - Investor Update / Webinar
EQ RESOURCES LIMITED A Globally Significant Critical Mineral Producer Investor Update / Webinar 21 November 2024 ASX : EQR
Slide 2: Disclaimer
Disclaimer • The material contained in this document is a presentation of general information about the Company's activities current as at the date of this presentation. It is provided in summary and does not purport to be complete. You should not rely upon it as advice for investment purposes, as i
Slide 3: Summary Deal Terms - TMG Acquisition
Summary Deal Terms - TMG Acquisition • Acquisition Structure: EQR has executed a binding Heads of Agreement (HoA) to acquire 100% of the shares in Tungsten Metals Group Limited, and subsidiaries, including TMG Ferrotungsten Plant - Vietnam Mr. George Chen’s interest in Asia Tungsten Products Co Ltd,
Slide 4: TMG Acquisition - Strategic Rationale
TMG Acquisition - Strategic Rationale • Raw Materials Supply: The Vietnam facility is the largest tungsten smelter outside China. Prior success of the operations was limited by a lack of quality raw materials to produce FeW at scale. EQR resolves this by providing a stable supply chain from its tung
Slide 5: Market / FeW Product
Market / FeW Product Tungsten supply chain (simplified): • FeW market representing approx. 15% of concentrate consumption • FeW capacity outside China very limited, higher dependency on China for FeW as compared to APT Outside of China, the main consumers of FeW are steelmakers located in Japan & Eu
Slide 6: FeW Production & Applications
FeW Production & Applications 6
Slide 7: Critical Metal – Margin uplift from processing to FeW
Critical Metal – Margin uplift from processing to FeW Estimated margin uplift of 20% upon processing of Tungsten is defined by the EU as the tungsten concentrate into FeW Critical Metal which has the highest economic importance to industry. $ $$ 2t Concentrate 1t FeW (50% WO3) ~20% (75% W) Source: w
Slide 8: EQR-Elmet Deal: Key Terms and Strategic Rationale
EQR-Elmet Deal: Key Terms and Strategic Rationale • Definitive Agreement: 5-year tungsten concentrate offtake agreement with Elmet Elmet Technologies - USA Technologies valued at A$30 million. • Production Excellence: Barruecopardo (Saloro) achieved a record production of 11,007 mtu in October 2024,
Slide 9: EQR Business Update
EQR Business Update Operations Update • Spain: October record production with recovery rates up to 65-70% (previously 38%). Focus on increasing throughput rates with sorter’s performing well. • Mt Carbine: Recovering from equipment downtime; accelerated stripping underway to access High Grade ore in
Slide 10: Recent Media – TMG Acquistion
Recent Media – TMG Acquistion 10
Slide 11: 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