EQ Resources Limited Annual Report 2022

1 Chairman’s Address 2 Chief Executive Officer’s Letter 4 Operating and Financial Review 4 Health, Safety, Environment and Social Engagement 12 Mt Carbine Operations 22 Exploration Activities 27 Tungsten Market Outlook and Concentrate Production 29 Corporate Activities 33 Tenement Schedule 34 Mineral Resources and Ore Reserves Statement 39 Directors’ Report 50 Consolidated Statement of Profit or Loss and Other Comprehensive Income 51 Consolidated Statement of Financial Position 52 Consolidated Statement of Cash Flows 53 Consolidated Statement of Changes in Equity 54 Notes to the Consolidated Financial Statements 82 Directors’ Declaration 83 Auditor’s Independence Declaration 84 Independent Auditor’s Report 88 Shareholder Information 92 Forward Looking Statements Directors Oliver Kleinhempel Non-executive Director Non-executive Chairman Stephen Layton Non-executive Director Richard Morrow Non-executive Director Zhui Pei Yeo Non-executive Director Company Secretaries Melanie Leydin Patricia Vanni de Oliveira Registered Office Level 4, 100 Albert Road South Melbourne VIC 3205 T +61 (0)7 4094 3072 W www.eqresources.com.au E info@eqresources.com.au Principal Place of Business 6888 Mulligan Highway Mount Carbine QLD 4871 Share Register Automic Pty Ltd Level 5 126 Philip Street Sydney NSW 2000 T (International): +61 (0)2 9698 5414 Auditors Nexia Melbourne Audit Pty Ltd Level 12, 31 Queen Street Melbourne VIC 3000 T +61 (0)3 8613 8888 F +61 (0)3 8613 8800 Stock Exchange Listing Listed on the Australian Securities Exchange (ASX) ASX Code: EQR ACN: 115 009 106 ABN: 77 115 009 106 Corporate Directory Contents

RkJQdWJsaXNoZXIy MjE2NDg3