EQ RESOURCES LIMITED
Investor Update / Webinar
09 October 2024
ASX : EQR
Talking Points
Corporate Update
Mt Carbine
Saloro
Tungsten Market Dynamics
3. | Wolfram Camp |
1. | |
2. |
3
Corporate Update
Key Statistics
Share Price
Securities on Issue
Market Capitalisation
Top 20 Shareholders
0.070 | |
0.060 | |
AUD | 0.050 |
0.040 | |
Price | |
0.030 | |
Share | |
0.020 | |
A$0.056 per share
Shares 2.24B / Options 205m
A$ 125.3 million
>60% (9% Board/Management)
370 | |
360 | |
350 | USD |
340 | |
Price | |
330 | |
APT | |
320 |
EQR Group Monthly Average mtu : September Production Record 20,721 mtu*
0.010 | 310 | ||||||||||||||||||||||
0.000 | 300 | ||||||||||||||||||||||
EQR Share Price | APT Price |
- Source: FastMarkets APT Price Rotterdam (US$/mtu, mtu = 10kg WO3)
Production Output EQR Group (monthly average, in mtu)
*1mtu = 10kg WO3
See ASX Announcement: "Quarterly Tungsten Production at EQ Resources up 31%" Dated 02 October 2024
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Mt Carbine Production
Ore Grade and Operational Improvements
Mt Carbine 2024 Monthly WO3 Production Ramp Up
12,000
11,000
10,000
9,000
8,000
7,000
mtus | 6,000 |
5,000
4,000
3,000
2,000
1,000
-
Jan-24Feb-24Mar-24Apr-24May-24Jun-24Jul-24Aug-24Sep-24
Crushing Plant / Ore Sorter Plant Throughput
100,000
90,000
80,000
70,000
60,000
Tonnes | 50,000 |
40,000
30,000
20,000
10,000
-
May-24 | Jun-24 | Jul-24 | Aug-24 | Sep-24 | ||
Crushing Plant Throughput | Ore Sorter Plant Throughput | |||||
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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 & Commissioned
✓ Water Cart - On site & Commissioned
✓ Grader - On site & Commissioned
Operations
✓ Day + Night shifts transition successful ✓ 12hrs operation successfully implemented
✓ 90t excavator → currently ramping up 10-12k tonnes / day
✓ Reporting + Accounts + Safety + HR department absorbed extra operations smoothly
✓ Technical service team keeping up existing system + implementing new procedures
✓ Maintenance team setting up maintenance schedule ongoing
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Mt Carbine Updates
Ore Grade and Operational Improvements
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Mt Carbine Updates
Ore Grade and Operational Improvements
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Saloro Updates
Grade Control, Processing and Recovery Improvements
3
Saloro 2024 Monthly WO3 Production Ramp Up
11000
10000
9000 | |
mtu | 8000 |
7000 | |
6000 |
5000
4000
Jan-24Feb-24Mar-24Apr-24May-24Jun-24Jul-24Aug-24Sep-24
See ASX Announcement: "2024 Annual Report" Dated 30 September 2024 | 9 |
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,
Narrowing Gap with China's 27% Share
Good Timing For EQR Yearly Production To Be Ramping Up
EQR Yearly Production Forecast
mtus
600,000
500,000
400,000
300,000
200,000
100,000
-
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Saloro | Mt Carbine | |
See ASX Announcement: "Quarterly Tungsten Production at EQ Resources up 31%" Dated 02 October 2024
See Article:"80% of the world's tungsten supply chain is owned by China
but this may not last for much longer"
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