EQ Resources Limited Annual Report 2022

ANNUAL Report June 2022 Consolidated Statement of Changes in Equity 22 Consolidated Statement of Changes in Equity For the Year ended 30 June 2022 Attributable to the Shareholders of EQ Resources Limited Consolidated Issued Capital $ Accumulated Losses $ Reserves $ Total Equity $ At 1 July 2020 15,023,117 (86,821) - 14,936,296 Profit / (loss) for the period - (4,575,738) - (4,575,738) Adjustment to prior year (50) - - (50) Other comprehensive income for the period - 1,547 - 1,547 Total comprehensive loss for the period (50) (4,574,191) - (4,575,241) Issue of share capital 6,500,000 - - 6,500,000 Share issue costs (919,152) - - (919,152) Share based payments - - 782,831 782,831 Total transactions with owners in their capacity as owners 5,580,848 - 782,831 6,363,679 BALANCE AT 30 JUNE 2021 20,603,915 (4,661,012) 782,831 16,725,734 At 1 July 2021 20,603,915 (4,661,012) 782,831 16,725,734 Profit / (loss) for the period - (6,064,984) - (6,064,984) Adjustment to prior year - - - - Other comprehensive income for the period - 1,933 - 1,933 Total comprehensive loss for the period - (6,063,051) - (6,063,051) Issue of share capital 2,004,100 - - 2,004,100 Share issue costs (415,310) - - (415,310) Share based payments - - 2,065,745 2,065,745 Total transactions with owners in their capacity as owners 1,588,790 - 2,065,745 3,654,535 Balance at 30 June 2022 22,192,705 (10,724,063) 2,848,576 14,317,218 Consolidated Statement of Changes in Equity For the year ended 30 June 2022 EQ Resources Limited Annual Report 2022 53

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