Eq Resources Limited · ASX:EQR
Eq Resources — Noosa Mining Conference 2024
33 slides from Eq Resources's conference presentation, Jul 18, 2024
Slide 1: EQ Resources Limited - A Globally Significant Critical Mineral Producer
Download This Presentation: EQ RESOURCES LIMITED A Globally Significant Critical Mineral Producer Noosa Mining Conference 18 July 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), 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: Corporate Update
Corporate Update Key Statistics 2023 - To Date (Share Price Performance & Key Announcements) Share Price A$0.048 per share 2 3 Securities on Issue Shares 2.065B / Options 205m 5 Market Capitalisation A$ 99.1 million 1 4 6 7 Top 20 Shareholders >60% (8% Board/Management) Net Debt (March 24) A$41.1m S
Slide 4: Consistent Board & Leadership Team
Consistent Board & Leadership Team Diverse and Experienced Board & Leadership Team Kevin MacNeill - Chief Executive Officer Oliver Kleinhempel - Non-executive Chairman • Interim CEO & Senior Technical Advisor since May 2019, • Non-executive Director since August 2019, Chair since CEO since January 2
Slide 5: APT Price Update
APT Price Update APT Price Rotterdam - High (US$/mtu) 365 360 355 350 US $ / mtu 345 340 335 330 325 320 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Source: FastMarkets APT Price Rotterdam (US$/mtu, mtu = 10kg WO3) Average Monthly High Price 5
Slide 6: Tungsten Uses
Tungsten Uses Critical Alloy Element, Without Substitute in Most Applications Aviation Aerospace Automotive Heavy Heavy Tools & Machinery Industry Construction Medical Military EV Battery Green Science Micro Development Energy & Tech Electronics 6
Slide 7: Tungsten - A Critical Metal
Tungsten - A Critical Metal EQR Is Unhedged, Provides Spot Price Exposure To a Tight Market One of the Most Important Critical Materials according to European Commission Tungsten Market dominated by non-OECD members • Tungsten is declared by the European Commission to be a “critical raw material” as
Slide 8: Supply & Market Outlook
Supply & Market Outlook EQR Is Unhedged, Provides Spot Price Exposure To a Tight Market Forecast Scenarios EQR Consolidated Group tWO3 Production Projections* 5,000 Target 3,000 - 4,000 5,000t WO3 p.a. (up to 50% of Western Mine Supply) 3,000 2,000 Distribution End-Use (2022) 1,000 *** - FY2022 FY20
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: Noosa 2024
Noosa 2024 EQR Mt Carbine Tungsten Mine and Quarrying Operations, QLD, Australia 12
Slide 13: Wolfram Camp 2024
Wolfram Camp 2024 Wolfram Camp Historical Operations, QLD, Australia
Slide 14: Saloro 2024
Saloro 2024 Saloro Tungsten Mine, Barruecopardo, Spain
Slide 15: Vertical Integration Opportunities
Vertical Integration Opportunities Tungsten Cluster - Australia EQR’s positioning as a leading source of responsibly mined & non-conflict tungsten concentrate provides the company with significant leverage: EQR Position in Global (ex-China/Russia) Producing Countries QUEENSLAND EQR Awarded Permit fo
Slide 16: Mt Carbine (Australia)
Mt Carbine (Australia) Mt Carbine Mine Is Australia’s Leading Tungsten Mine and Is Consistently Exporting Concentrate to Global Consumers & Processing Plants Mt Carbine Open Pit Resource Tonnes Grade WO3 Orebody Classification (Mt) (% WO3) (mtu) Indicated 10.13 0.08 759,450 Indicated 2.75 0.07 178,5
Slide 17: QIC - $20M Facility For Mt Carbine Expansion
QIC - $20M Facility For Mt Carbine Expansion Queensland Investment Corporation (QIC) provides a $20million 3-year loan facility in two tranches from its Queensland Critical Minerals & Battery Technology Fund: • Tranche A: $12m will double processing capacity to 2mtpa and start underground drill test
Slide 18: Mt Carbine - Doubling Plant Capacity Ongoing
Mt Carbine - Doubling Plant Capacity Ongoing Est. Completion Q2-Q3 FY2025 Monthly Throughput ** 166k tonnes 83k tonnes Processing Costs A$16.55 /tonne A$11.30 /tonne 80% recovery ** *Nominal capacity 18 ** Providing by-product revenue
Slide 19: Mt Carbine Veins On The Pit Face And Grade
Mt Carbine Veins On The Pit Face And Grade Vein 0.05-0.1% >0.2% WO3 WO3 0.1-0.2% WO3
Slide 20: Existing Decline and Underground Development
Existing Decline and Underground Development Mt Carbine Existing Decline - Historical Pictures 1986 Mt Carbine Existing Decline – RE-OPENED 8 JULY 2024 20
Slide 21: Mt Carbine - Exploration & Underground Potential
Mt Carbine - Exploration & Underground Potential Iron Duke 2 1 Resources Drilling • Target to bring in more North West Pit BFS resources from inferred to Extension indicated Pit 2 Exploration Drilling Iron Duke zone Hole EQ026 1 5.95m@0.94% WO3 3 Hole EQ026 depth extents Extension Hole Resources: In
Slide 22: Two High Grade Zones To Be Investigated With Further Drilling
Two High Grade Zones To Be Investigated With Further Drilling Iron Duke Western Extensions
Slide 23: Saloro (Spain) as Latest Member of EQR Group
Saloro (Spain) as Latest Member of EQR Group
Slide 24: Barruecopardo
Saloro (Spain) as Latest Member of EQR Group Europe’s Largest Tungsten Mine, With Outstanding ESG Credentials, Additional Ramp-Potential and Regional Exploration Upside Resource Tonnes Grade WO3 Orebody Classification (Mt) (% WO3) (mtu) Processing Plant Measured 10.05 0.19 1,920,400 World-class In-S
Slide 25: Saloro - Recovery Optimisation 38% to 70%
Saloro - Recovery Optimisation 38% to 70% XRT Sorters Disruptive Technology in the Tungsten Market • XRT Sorters added 26% more material to the downstream Gravity Plant starting Q3 FY2024. SALORO PROCESS FLOW • 340,000 tonnes stockpile of previously discarded >6mm ore now available for reprocessing,
Slide 26: Wolfram Camp - Historical Operations
Wolfram Camp – EQR Awarded EPM Opportunity & Strategic Rationale Reported Reserve and Mineral Resource from the Wolfram Camp Deposit Historical Operations Reserve Tonnes Grade Grade Orebody Classification (Kt) (% Wo3) (%Mo) Wolfram Camp Wolfram Probable 375 0.22 - Camp Resource Tonnes Grade Grade Or
Slide 27: EQR Near Term Catalysts - Estimate Timing
EQR Near Term Catalysts - Estimate Timing Mt Carbine Operations Increasing scalping in the LGSP, bringing LGSP forward Q2 CY2024 Doubling Plant Capacity Q4 CY2024 24,000 meters drilling, to bring Inferred to Indicated Resources, new Ore Reserves announcement Q4 CY2024 BFS on the Underground Mining Q
Slide 28: Website ESG Showcase Page: Mt Carbine & Saloro
What We Care About Genuine ESG Performance Website ESG Showcase Page: Mt Carbine & Saloro https://www.eqresources.com.au/site/sustainability/esg-showcase 28
Slide 29: Strategic Partners Endorsement Through Funding & Grants
Strategic Partners 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 Advanced Manufacturing G
Slide 30: A Globally Significant Tungsten Raw Materials Supplier
A Globally Significant Tungsten Raw Materials Supplier Lowest quartile of global cost curve and enroute to tripling upstream nameplate ESTABLISHED LOW-COST capacity. Australia's largest primary tungsten producer, accelerating production. PRODUCTION Acquisition of Saloro (Barruecopardo Mine) makes EQ
Slide 31: Visit the EQ Resources stand and enter to Win
Visit the EQ Resources stand and enter to Win a Tungsten cube valued at over $450! Follow us on
Slide 32: Resources
RESOURCES MT CARBINE TUNGSTEN MINE & QUARRYING OPERATIONS, AUSTRALIA M CAMP EPM, AUSTRALIA UNGSTEN MINE, SPAIN Largest Strong Large Economic Vertical Established De-Risked Secured Advanced Environment Circular Western Tungsten Resources + Integration Low-Cost Operations Offtake Sorting Award + Econo
Slide 33: Contact
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