ANNUAL Report June 2022 Directors’ Report 10 (j) The securing of a $600,000 co-investment grant from the Advanced Manufacturing Growth Centre (AMGC) (refer ASX announcement “Federal Government Co-Invests In High-Tech Ore-Sorting Process” dated 25 January 2022) along with a $6,000,000 grant from the Critical Minerals Accelerator Initiative (CMAI) (refer ASX announcement “Government Funding for Mt Carbine Critical Minerals Program” dated 28 April 2022). (k) CAPEX Funding for Mt Carbine Expansion Secured, including a $4.8 million supplier finance facility, as well as additional financing comprising a further offtake prepayment facility of up to US$3 million ($4.2 million) and a shareholder loan amounting to $1.5 million (refer ASX announcements “Binding Terms for Crushing Plant Financing Agreed” dated 8 March 2022 and “CAPEX Funding for Mt Carbine Expansion Secured” dated 2 May 2022). (l) Mt Carbine West Dyke Area drilling campaign shows ore body extends strongly in this direction and that mineralisation remains open to the west (refer ASX announcements “Drilling Confirms Mineralisation at Western it Extension” dated 15 March 2022; “Further High-Grade Tungsten Intercepts in Near-Pit Drilling” dated 20 May 2022 and “High-Grade King-Veins Extend Towards West Dyke Area” dated 4 May 2022). (m) Successful completion and commissioning of an upgraded Crushing and Wet Screening Circuit as part of the Mt Carbine Early Works Program (refer ASX announcement “Early Works Program Completed” refer ASX announcement dated 27 June 2022). Directors' Interests in Shares, Options and Performance Rights Director Shares Directly and Indirectly Held Options Directly and Indirectly Held Performance Rights Directly and Indirectly Held O. Kleinhempel 18,783,600 10,000,000 - S. Layton 54,181,559 4,000,000 - R.D. Morrow 4,422,000 4,000,000 - Z.P. Yeo 70,232,310 4,000,000 - Directors’ interests in shares, options and performance rights as at 30 June 2022 are set out under Section (e) of the Remuneration Report . Company Secretary Joint Company Secretaries: Melanie Leydin Patricia Vanni de Oliveira Ms Leydin has over 25 years’ experience in the accounting profession and over 15 years as a Company Secretary with extensive experience in relation to Public Company responsibilities. Ms Leydin holds a Bachelor of Business majoring in Accounting and Corporate Law, is a member of the Institute of Chartered Accountants, Fellow of the Governance Institute of Australia and Registered Company Auditor. Ms Leydin graduated from Swinburne University in 1997, became a Chartered Accountant in 1999 and since February 2000 has been the Principal of Leydin Freyer Corp Pty Ltd. Following Leydin Freyer’s acquisition by Vistra Australia in November 2021, Ms Leydin now holds the position of Australian Managing Director of Vistra Australia which provides outsourced Company Secretarial and accounting services to public and private companies across a host of industries. Ms Vanni de Oliveira has more than 15 years’ professional experience in corporate governance, mergers and acquisitions, project finance, engineering, procurement and construction contracts and compliance. She has been working as an in-house counsel of multi-national companies, an associate in Brazilian top tier law firms (300+ lawyers) and as Company Secretariat and joint Company Secretary providing outsourced Corporate Governance and Company Secretarial services to various Australian listed companies. EQ Resources Limited Annual Report 2022 41
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