EQRs Plans for the Future EQR takes a programmatic approach to identifying and implementing ESG opportunities, ensuring positive sustainability outcomes for project sites, stakeholders, and the surrounding community. As it moves forward, its vision for the future is built upon these principles, with a focus on the following key elements: Maturation of ESG Program Its ESG program will continue to mature, guided by best practices and ongoing refinement. Sustainability Reporting It is dedicated to enhancing its sustainability reporting to ensure transparency and clarity. Innovation Embracing innovation will remain a core element of its strategy, driving environmental responsibility and economic growth. Community-Centric Initiatives Strengthening community engagement is a top priority as it works to benefit the regions in which it operates. Net Zero Roadmap EQR is actively developing a roadmap to reduce carbon emissions, aligning with a low-carbon future. Stakeholder Collaboration Collaboration with stakeholders and industry peers will amplify EQR’s impact and foster positive change. Ongoing Materiality Assessments and Sentiment Surveys Regular assessments will ensure its initiatives align with evolving stakeholder priorities. Integrating Wolfram Camp Wolfram Camp presents an opportunity to EQR to apply its proven approach to the sustainable redevelopment of abandoned and pre-existing tungsten mines to produce another local success story. An ESG Desktop Analysis of the mine identified the following areas which could be targeted as a part of the broader ESG program: − ESG Stakeholder Materiality Assessment to shape localised ESG Program; − Creation of localised job opportunities; − Localised support of shared benefit community initiatives; − Refurbishing, commissioning and expansion of the existing tungsten processing plant in line with the Mt Carbine operations; and − Application of mine processes and key technology that are transferable and appropriate, such as: − TOMRA XRT waste sorting technology to existing waste rock stockpiles; − Employee attraction and retention programs; − Tailings operation development; and − Robust environmental processes (e.g. pollution prevention) Operating and Financial Review continued 28 EQ Resources Limited Annual Report 2023
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