Environment The Company is committed to actively identifying and responding to all risks associated with its operational activities that could have an adverse impact on the environment and the local communities in which it operates. The Environmental Programs maintained by EQR are used to establish, implement, control, and maintain processes to meet the requirements of EQR’s IMS and implement the environmental objectives identified by the Company. The environmental data generated is used to identify potential environmental risks that require management and to assess the achievement of the environmental objectives in line with the Company’s strategic development plan. During the year the Company has undertaken extensive environmental studies to both inform the approval process associated with its plans to recommence open cut mining and to de-risk the Project in line with its core values of Treading Lightly to minimise its environmental footprint and deliver positive societal impact. Some of the activities undertaken were: − Noise, Air & Vibration Studies; − Water Management Plan Update; − Waste Rock & Tailings Management; − Enhanced Conceptual Groundwater Model which involved the drilling of 18 additional investigation bores; − Flora and Fauna Studies; and − Water Engineering Works. The recent water engineering studies are focused on not only ensuring adequacy of the Project’s water storage facilities at Mt Carbine but also addressing water security, the mitigation of the effects of extreme weather events (drought and flood) through a reduction in total water demand, increased water reuse, water storage and stormwater, sediment and erosion best practice. Over the period, the Company has continued its sponsorship and involvement with the Mitchell River Watershed Management Group. Together with the Mareeba Shire Council officers, management of invasive species is continuing in the Frogbit Sentinel network. During the quarter ended March 2022, the Company announced that due to the heavy rainfall and flooding experienced through January and February 2022, the water dam at Mt Carbine experienced a controlled release with no harm to the receiving environment. This was supported by the monitoring undertaken during the release and the findings of the Company’s annual Aquatic Ecology Study. The Company worked Operating and Financial Review continued 0.0 20.0 40.0 60.0 Q 1 Q 2 Q 3 Q 4 TRIFR Total Recordable Injury Frequency Rate per million hours worked 2021-2022 -44% Decrease Total Recordable Injury Frequency 2,806 Take 5 Safety Assessments 114 JSEA Job Safety Environment Analysis 24 Toolbox Talks 2 Prestart safety meetings per day 28 Traineeships started +167% Total Man Hour Increase Year on Year 0 Lost Time Injury Frequency Rate 0 Fatalities PROACTIVE SAFETY INDICATORS 6 EQ Resources Limited Annual Report 2022
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