Eq Resources Limited · ASX:EQR
Eq Resources — Corporate Update (October 2024)
12 slides from Eq Resources's corporate update, Oct 9, 2024
Slide 1: EQ Resources Limited Investor Update / Webinar
EQ RESOURCES LIMITED Investor Update / Webinar 09 October 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) and most recent drilling announcements, made available through the Company’s website www.eqresources.com.au/. • The Company con
Slide 3: Talking Points
Talking Points Corporate Update Mt Carbine Saloro Tungsten Market Dynamics 1. 2. 3. Wolfram Camp 3
Slide 4: Corporate Update
Corporate Update Key Statistics EQR Group Monthly Average mtu : September Production Record 20,721 mtu* Share Price A$0.056 per share Securities on Issue Shares 2.24B / Options 205m Market Capitalisation A$ 125.3 million Top 20 Shareholders >60% (9% Board/Management) 0.070 370 0.060 360 0.050 350 Sh
Slide 5: Mt Carbine Production
Mt Carbine Production Ore Grade and Operational Improvements Mt Carbine 2024 Monthly WO3 Production Ramp Up Crushing Plant / Ore Sorter Plant Throughput 12,000 100,000 11,000 90,000 10,000 80,000 9,000 70,000 8,000 7,000 60,000 Tonnes mtus 6,000 50,000 5,000 40,000 4,000 30,000 3,000 20,000 2,000 10
Slide 6: Mt Carbine Updates
Mt Carbine Updates Owner-Operator Model , Operations Update Mining Fleet ✓ Cat 90T Excavator x1 - On site & Commissioned ✓ 50T excavator x1 - On site & Commissioned ✓ Dump truck Volvo A60H 60 tonnes - On site & Commissioned ✓ Dump truck Bell B50 x2 - On site & Commissioned ✓ Dozer x2 – On site & Com
Slide 7: Mt Carbine Updates
Mt Carbine Updates Ore Grade and Operational Improvements 7
Slide 8: Mt Carbine Updates
Mt Carbine Updates Ore Grade and Operational Improvements 8
Slide 9: Saloro Updates
Saloro Updates Grade Control, Processing and Recovery Improvements Saloro 2024 Monthly WO3 Production Ramp Up 11000 10000 9000 8000 mtu 7000 6000 5000 >0.2% WO3 4000 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 See ASX Announcement: “2024 Annual Report” Dated 30 September 2024 9
Slide 10: Tungsten Market Dynamics
Tungsten Market Dynamics EQR production increase coincides with China tightening export control measures, US 25% tariff on Chinese tungsten products Current Production Run-Rate Reaches 17% of US Monthly Tungsten Imports, Good Timing For EQR Yearly Production To Be Ramping Up Narrowing Gap with China
Slide 11: Wolfram Camp Updates
Wolfram Camp Updates EQR Identifies 5 Exploration Targets for Wolfram Camp Highlights: • Potential for Restart: Work program for 5 high-potential targets supports the redevelopment of Wolfram Camp. • Historical Resource: 2.95Mt @ 0.279% WO₃ remaining under EQR management. >0.2% WO3 • Supports Queens
Slide 12: 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