Eq Resources Limited · ASX:EQR
Eq Resources — Noosa Mining Conference 2023
27 slides from Eq Resources's conference presentation, Jul 19, 2023
Slide 1: EQ Resources Limited - Critical Mineral Producer
EQ RESOURCES LIMITED Critical Mineral Producer Noosa Mining Conference July 19th, 2023 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: Consistent Board & Leadership Team
Consistent Board & Leadership Team 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-exe
Slide 4: Mt Carbine Mine: At Its Inflection Point of Value
Mt Carbine Mine: At Its Inflection Point of Value INCREASING MARKET CAP & NPV INCREASING SHARE PRICE 350 0,08 307 0,07 300 0,07 0,06 250 209 0,05 $AU Millions 0,05 $AUD 200 0,04 150 131 0,03 ~100 100 0,03 100 33% 0,02 50 50 20 24% 0,01 15% 0 0,00 01/07/2021 01/07/2022 03/07/2023 2021 2022 2023 2021
Slide 5: Why Tungsten?
Why Tungsten? at 3420OC highest melting as carbide compound hardest point of all metals element after diamond Tungsten is ranked by the British Geological Surveys, various US Departments, the European Commission, Japan, South Korea and Australia as a 'critical mineral’: - Due to its economic importa
Slide 6: Tungsten Uses
Tungsten Uses Critical Alloy Element, Un-substitutable in many applications Aviation Aerospace Automotive Heavy Heavy Tools & Machinery Industry Construction Medical Military EV Battery Green Science Micro Development Energy & Tech Electronics 6
Slide 7: Why Tungsten?
Why Tungsten? Distribution of End-Use (2022) Gloomy Supply Outlook for 2030 ITIA* forecasted average tungsten consumption growth 2020-2030: 2.9% p.a. / 33,400t W (approx. 3,340t W p.a. - equals >2x EQR each year). *International Tungsten Industry Association Significant deficit throughout 2030 Tungs
Slide 8: Mt Carbine Open-cut & Modernisation Project Overview
Mt Carbine Open-cut & Modernisation Project Overview Australia’s Only Primary Tungsten Producer Project Location Map • Situated in Far North Queensland’s Critical Mineral Province • Located 130 km north of the city of Cairns • Cluster Potential: Significant deposits defined in region. • Watershed Tu
Slide 9: Noosa 2021
Noosa 2021 EQR Mt Carbine Tungsten Mine and Quarrying Operations, QLD, Australia 9
Slide 10: Noosa 2022
Noosa 2022 EQR Mt Carbine Tungsten Mine and Quarrying Operations, QLD, Australia 10
Slide 11: Noosa 2023
Noosa 2023 EQR Mt Carbine Tungsten Mine and Quarrying Operations, QLD, Australia 11
Slide 12: Mt Carbine Blasts into Operation 3… 2… 1… Go!!
Mt Carbine Blasts into Operation 3… 2… 1… Go!! Link Mt Carbine Tungsten Mine and Quarrying Operations, QLD, Australia
Slide 13: Mt Carbine Mine: At Its Inflection Point of Production Ramp Up
Mt Carbine Mine: At Its Inflection Point OC Mine Commenced of Production Ramp Up June 2023 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 & s
Slide 14: Compelling Economics
Compelling Economics Initial BFS already confirmed high margins, low capital intensity & operating cost and speed to market Comparison of Consolidated Project Economics Parameter Unit BFS Pit Optimisation BFS Pit Optimisation (2022) (May 2023) Total Cash Cost (FCA) US$/mtu 118 104 Capital Cost A$m 2
Slide 15: Mt Carbine Phased Development Plan
Mt Carbine Phased Development Plan Focus: Open pit restart and processing facility modernisation BFS Scope / Implementation Ongoing Stage 1 Stage 2 Focus: Minimal capital expenditure, incremental improvements to Focus: Commencement of open pit mining. Crushing and increase the mine’s productivity an
Slide 16: Mt Carbine Phased Development Plan
Mt Carbine Phased Development Plan Focus: Open pit restart and processing facility modernisation Stage 3 Focus: Underground Mining; >80% of current Mineral Resources are not in the Open Cut BFS but rather sit below the planned pit & in the Iron Duke Formation. A full scoping showed a long- life Unde
Slide 17: Grade Control Drilling Progress
Grade Control Drilling Progress Grade Control Drilling Program Resource Model Comparison A’ Section JOHNSON ZONE JOHNSON ZONE A BLUFF ZONE BLUFF ZONE Completed Grade Completed Grade Control Drilling Control Drilling 250M Completed Grade Control Hole Refer to: Mt Carbine Expansion Project Bankable Fe
Slide 18: Grade Control vs Reserve Model
Grade Control vs Reserve Model Section showing Johnson Zone Results A Johnson Zone A’ Johnson Zone The above section shows the comparison on the first section. Johnson Zone (Zone 2) was a high-grade zone of 8m @ 0.48% WO3 in the model – Our infill drill results are shown above. 18
Slide 19: What We Care About
What We Care About Responsible and Sustainable Critical Mineral Production EQR 19
Slide 20: What We Care About
What We Care About Responsible and Sustainable Critical Mineral Production EQR 20
Slide 21: Circular Economy Process
Circular Economy Process: Mt Carbine Tungsten Mine waste rock u o Ore: RESOURCES ese 9 Open Cut Mine nology. Final Concentrate Primary Exported Crush & Screen RESOURCES resourcing the new economy for a better tomorrow Gravity Beneficiation XRT Ore Sorter Plant Plant 21
Slide 22: Strategically Aligned With Key Stakeholders
Strategically Aligned With Key Stakeholders 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
Slide 23: Australia's leading primary tungsten producer
EQ RESOURCES: Australia’s leading primary tungsten producer WO3 Currently In De-Risked Increasing Hard Rock LOM Production 23
Slide 24: Australia's leading primary tungsten producer
EQ RESOURCES: Australia’s leading primary tungsten producer Positive Genuine Experienced Market ESG Team & Conditions Commitment Staffing in Place 24
Slide 25: ASX:EQR
ASX:EQR Download this presentation: Follow us on
Slide 26: Visit the EQ Resources stand and enter to Win a Tungsten cube
Visit the EQ Resources stand and enter to Win a Tungsten cube valued at over $450! Follow us on
Slide 27: 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