EQ Resources Limited Annual Report 2022

Operating and Financial Review continued Mt Carbine welcomed indigenous elder, Mr Rodney Riley for talks about opportunities for First Nations employment in the growing project workforce. EQR is committed to creating jobs and opportunity while fostering co-existence through genuine relationships to build sustainable communities. EQR CEO, Kevin MacNeill with Gary Battensby, SSE; Mr Rodney Riley indigenous elder and EQR Chairman, Oliver Kleinhempel. Pictured from left to right. EQR and the operations at Mt Carbine encourage diversity, inclusion and representation throughout the workplace. The Company has focused on upskilling young individuals from the surrounding communities eager to enter the mining industry which has led to a thriving and vibrant young group of people that are making a difference daily in the upliftment of the community, production of Critical Minerals for Australia and growing a sustainable career path. Diversity within the Mt Carbine Operations Team. Ms Nikita Lis, pictured below, is 23 years old and has become an integral part of the Mt Carbine team after joining the company while taking a gap year after completing her bachelor’s degree in Biomedical Science. Since working at Mt Carbine, Ms Lis has been inspired to continue studying part time while staying on roster at Mt Carbine. Ms Lis will now be completing a post graduate degree in Engineering to use within the mining industry. Management will continue to work with Ms Lis to provide career path guidance, mentorship, and support. Growing young people to be value-add proponents of the mining industry while having a long-term future with the Company is something EQR continuously promotes. Nikita Lis, on the path for a great career in the mining industry. EQR has been a participant in AMEC’s “More Resourceful Than Ever” campaign which has a strong environmental focus on clean energy and renewables, recycling and waste minimisation, conservation, and shows Australians the different ways our industry is working to protect and improve the environment. EQR embraces these values and practices in all of its operational activities and supports AMEC in its goal to increase community support for the industry through an understanding of the work being done to dispel the widely held assumption that the mining industry is wasteful. Senior Management inspecting the Mt Carbine Tailings Dam. 10 EQ Resources Limited Annual Report 2022

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