Slide 1: EQR Investor Presentation
EQR Investor Presentation March 2021
Slide 2: Disclaimer
Disclaimer Competent Person's Statement • The information in this presentation relating to Mineral Resource summary are extracted from the following report on the Company's website, www.eqresources.com.au/: Mineral Resource & JORC 2012 Compliance Update dated 13 January 2014. The underground resourc
Slide 3: Executive Summary & Value Proposition
Executive Summary & Value Proposition Australia’s only primary tungsten producer with near term vision of developing and exploring the Mt Carbine high-grade tungsten mine in Queensland Critical Minerals Security Low-Cost Expansion First Class Infrastructure Australia has a role to play: Minimal inve
Slide 4: Corporate Overview
Corporate Overview Highlights as per 01 March 2021 Share Price A$ 0.041 • Australia’s only primary producer of tungsten Issued Shares 1,110m • High-grade resource Market Capitalization A$ 45,51m • Multiple revenue streams Cash at Bank (Dec 2020) $1,555 Shareholding: • Low-cost expansion - Top 20 57.
Slide 5: Board & Leadership
Board & Leadership Diverse and Experienced Board & Leadership Team Oliver Kleinhempel - Non-executive Chairman Stephen Layton - Non-executive Director Zhui Pei Yeo - Non-executive Director • Appointed Non-executive Director 12 • Appointed Non-executive Director 14 • Appointed Non-executive Director
Slide 6: Why Tungsten?
Why Tungsten? • Classified as a Critical / Strategic Metal in leading industrialised economies • Australia - 2nd largest resources in the world • 82% produced in China, Australia has potential to lead Non-Chinese supply base • Pricing at recent highs, forecast to continue increasing • EQR currently
Slide 7: Tungsten Industry Overview
Tungsten Industry Overview Source: SMR (2020) 7
Slide 8: Mt Carbine History & Location
Mt Carbine History & Location Historic mine site acquired by EQR… Far North Queensland Tungsten Cluster Early operation from 1907 to end of WW1 Mine restart in 1968 operating through until 1987 W atershed Historic operations used photometric sorters, crushing & gravity separation Mining from
Slide 9: Mt Carbine Site Overview
Mt Carbine Site Overview Office, Lab & 1 Core Shed Tailings Pond / 2 Retreatment 2 3 5 4 Plant Quarry & 3 OOSR Stock- pile 6 Potential Pit Extension 4 XRT Sorter 1 LG Ore Stock- 5 pile Exploration 6 Targets 9
Slide 10: Mt Carbine Operations
Mt Carbine Operations Australia’s leading primary tungsten producer with significant upside potential Tungsten Operation Quarry Operation Exploration Tungsten Cluster W atershed Mt Carbine W olfram Camp Production scale-up during Profitable quarry operation Opportunity to expand and Cluster potentia
Slide 11: Mt Carbine Underground Development
Mt Carbine Underground Development Open Exploration Potential • 100% ownership of mining licences & exploration permits • Open to the North & at depth Next steps in developing the underground resource: Open • Further investigation of historical workings • Re-opening of historic decline • Complete un
Slide 12: Mt Carbine Underground – King Veins
Mt Carbine Underground – King Veins King Vein Bluff (extension) Dazzler 3D Geological Model Johnson Wayback Bluff 12
Slide 13: Mt Carbine Underground – Cross Section
Mt Carbine Underground – Cross Section 13
Slide 14: Peer Analysis
Peer Analysis Industry Cash Cost vs Historic APT Price (in US$)* 2018 2019 2020 We assume continuous by-product credits, supporting cost competitiveness at a targeted production cost below US$100/mtu Reported Cash Cost & Specific CAPEX of Selected Non-Chinese Producers (in US$)** 300 Expanding upon
Slide 15: Development Timeline
Development Timeline UG Secure Funding Facilitation & Drawdown Environmental Approval Doc Approval Ph 1 Feasibility Ph 2 Feasibility Complete Complete Full Scale 2020 2021 2022 Operation Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Feasibility – Mineralised Stockpile Secure Debt Facility 1 MTPA Plant Construction (
Slide 16: Regional Tungsten Cluster
Regional Tungsten Cluster Significant tungsten mineralisation in the region The Mt Carbine deposit is situated in proximity to two Watershed other significant scale tungsten deposits; Geological Mt Carbine potential to form a tungsten cluster in Far-North Queensland: Tungsten Mining NL Watershed: 20
Slide 17: Strong JV Partnership
Strong JV Partnership Mt Carbine Retreatment Management CRONIMET is a multi-national, privately owned business which has 103 branches, subsidiaries & representations at 72 Joint Venture (unincorporated) locations on 6 continents with over 5,400 employees • 50% CRONIMET Australia / 50% Mt Carbine wor
Slide 18: Our Values
Our Values Act Safe. Feel Safe. Act safe at work. Care and respect each other. Feel safe to be yourself. Embrace Difference Diversity of thinking, skills and background creates value and drives innovation. Tread Lightly Embed resource efficiency to minimise environmental footprint and deliver positi
Slide 19: ESG Implementation
ESG Implementation Resource Efficient Buddy up Tread Lightly …extract from secondary sources … integrate advanced technologies …collaboration is key to …minimise environmental to increase resource, cost and realising shared value footprint energy efficiencies * EQR formerly known as ‘Speciality Meta
Slide 20: Mt Carbine Highlights
Mt Carbine Highlights Potential for debt funding (NAIF or similar) 47Mt @ 0,12-0,14% WO3 Strong FCF, low CAPEX with high margin with potential 10yr LOM Funding Global First successful deliveries to Resource Refurbished 2020 for 300Ktpa, leading tungsten manufacturers targeting production of 1Mtpa in
Slide 21: THANK YOU
THANK YOU Follow us in’