Eq Resources Limited · ASX:EQR
Eq Resources — Corporate Update (November 2022)
20 slides from Eq Resources's corporate update, Nov 17, 2022
Slide 1: Webinar – Mt Carbine BFS Update & Development Works
For personal use only EQ RESOURCES LIMITED Webinar – Mt Carbine BFS Update & Development Works November 17th 2022 ASX : EQR
Slide 2: Disclaimer
Disclaimer For personal use only Competent Person's Statement • The information in this presentation partly relates to the outcomes of the Mt Carbine Bankable Feasibility Study Update (November 2022), made available through the Company’s website www.eqresources.com.au/. • The Company confirms that i
Slide 3: Mt Carbine: Australia's Only Primary Tungsten Producer
For personal use only Mt Carbine: Australia's Only Primary Tungsten Producer Tungsten Concentrate from Mt Carbine Operations 3
Slide 4: Corporate Overview
Corporate Overview For personal use only Key Statistics Share Price Performance Share Price $0.045 per share 2 4 6 12-month range $0.04 - $0.078 per share 3 Shares on Issue 1,453 million Market Capitalisation $66.8 million 7 8 9 Top 20 Shareholders 61% 5 1 Board & Management Non-Executive Chairman O
Slide 5: Mt Carbine: A Globally Significant Business
Mt Carbine: A Globally Significant Business For personal use only Currently in Australia's only primary tungsten producer, consistently accelerating production. Open pit production to WO3 Production commence by April Quarter 2023. Secured Long-Term Secured offtake via CRONIMET partnership for at lea
Slide 6: Mt Carbine Operations & BFS Update
For personal use only Mt Carbine Operations & BFS Update Imagery of the Mt Carbine process plant 6
Slide 7: Mt Carbine Process Flowsheet
Mt Carbine Process Flowsheet Technologically driven | Economically proven | Actively Producing | Consistently Selling | Environmentally Responsible For personal use only Ore : Low Grade Stock Pile Primary Crush & Screen XRT Ore Sorter Plant Stockpiled for Quarry Sales • Processing facilities • Sorte
Slide 8: Technologically Driven, Economically Proven
Technologically Driven, Economically Proven Overcoming Western World difficulties using Sensor Based Sorting For personal use only ✓ Quarter-on-quarter growth for all production areas (operating on a 24/7 basis) ✓ Early Works capital projects benefiting production outputs ✓ Phase 1 Crushing/Screenin
Slide 9: Mt Carbine Ore Reserves - Increase by 29%
Mt Carbine Ore Reserves - Increase by 29% For personal use only Reserve Tonnes Orebody Grade (%WO3) WO3 (Mtu) Classification (Mt) September, 2022 LGS - Proved - - Key take-aways: Low Grade Stockpile 750,000 LGS - Probable 10 0.08% • Increase in Reserves by Open Pit - Proved - - +29% 256,000 Mtu in a
Slide 10: Compelling Economics
Compelling Economics Strong BFS Update enhanced by 29% Open Pit Reserve Upgrade For personal use only 10
Slide 11: Mt Carbine Expansion & Development Plan
For personal use only 4 1 6 Mt Carbine Expansion & Development Plan 100% owned by EQ Resources Mt Carbine Mine 1111
Slide 12: Mt Carbine Phased Development Plan
Mt Carbine Phased Development Plan Includes integration of open pit and processing facility modernisation BFS Scope For personal use only Stage 1 Stage 2 Stage 3 Focus: Minimal capital expenditure, incremental Focus: Commencement of open pit mining. Focus: Underground Mining; >82% of current improve
Slide 13: Development Timeline
Development Timeline Phased approach for early cash flow, with continuous Resource development For personal use only UG Facilitation Early Works Funding & Bankable Secure Western Environmental Doc Internal Engineering Feasibility UG Scoping Expansion MRE Nov 2022: Extension UG Resource Approval Appr
Slide 14: Mt Carbine Production Ramp-Up
Mt Carbine Production Ramp-Up OC Mine opening subject to permitting For personal use only Concentrate Plant Processing Tonnes* 3000 – 6000T** Capacity* 6000 0.33% WO3*** 3000 XRT Sorter Upgrade Two Sorters with Early Power Upgrade Works Plant Commissioned: Single Sorter with 24/7 LGS Only crush & sc
Slide 15: Phase 2022 Drilling Program - Key Objectives
Phase 2 2022 Drilling Program - Key Objectives For personal use only First Resource Drilling - 19 holes • Increase Indicated Resources in the western area • Fills in the gaps in Dyke West Zone & Main BFS Pit • Could add up to 4 years to open pit mine life 15
Slide 16: Phase 2022 Drilling Program - Key Objectives
Phase 2 2022 Drilling Program - Key Objectives For personal use only Second Exploration Drilling - 4 holes • Explore new high-grade vein discoveries; Located in soil sampling within the Iron Duke System (Ruby & Crown Veins) • Explore around previous high- grade intersect in Hole EQ026 (5.95m@0.94%WO
Slide 17: Exploration Drilling Overview
Exploration Drilling Overview For personal use only Iron Duke 2 North West Pit Summary BFS Extension Pit Resources 1 • Target to bring in more Resources in western Hole EQ026 1 pit for further pit 5.95m@0.94% WO3 expansion Extension Hole Exploration 2 • Iron Duke zone • Hole EQ026 depth 3 extents 3
Slide 18: Strategically Aligned With Key Stakeholders
Strategically Aligned With Key Stakeholders For personal use only 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 Tra
Slide 19: Mt Carbine Achievements
Mt Carbine Achievements Funding allocation for ‘BFS Phase 2 Expansion’; For personal use only Small equity target + non-dilutive target for 20.32Mt @ 0.32% WO3 (In-Situ), further pit expansion & corporate growth with recent +85% increase of Indicated Resources; Additional 12Mt historical Low-Grade S
Slide 20: Contact
For personal use only 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 M