ANNUAL Report June 2025 Notes to the Consolidated Financial Statements 41 Consolidated – 2025 Level 1 Level 2 Level 3 Total Total assets Deferred acquisition costs 1,357,038 - - 1,357,038 Capitalised borrowing costs 274,024 - - 274,024 Shares held in listed entities 387 - - 387 Unexpired Interest - 1,435,263 - 1,435,263 1,631,449 1,435,263 - 3,066,712 Total liabilities Deferred interest - 422,172 - 422,172 Financial liability - 12,120,762 - 12,120,762 - 12,542,934 - 12,542,934 Consolidated – 2024 Level 1 Level 2 Level 3 Total Total assets - - Deferred acquisition costs 1,252,459 - - 1,252,459 Capitalised borrowing costs 646,213 - - 646,213 Shares held in listed entities 1,160 - - 1,160 Unexpired Interest - 2,760,074 - 2,760,074 1,899,832 2,760,074 - 4,659,906 Total liabilities Deferred interest - 331,102 - 331,102 Financial liability - 11,783,559 - 11,783,559 - 12,114,661 - 12,114,661 There were no transfers between levels during the financial year. Unless otherwise stated, the carrying amounts of financial instruments reflect their fair value. The following table shows the valuation techniques used in measuring fair values for financial instruments in the Statement of Financial Position: Type Valuation technique Equity securities Quoted market share price. Deferred Costs Actual costs incurred. Other financial assets & liabilities* Discounted cash flows: the valuation model considers the present value of expected payments, discounted using a risk-adjusted discount rate.** * Other financial assets include unexpired interest. Other financial liabilities include deferred interest and financial liabilities. ** Refer Note 26 for the inputs used in the discounted cash flows valuation model. (d) Commodity Price Risk The Company is exposed to commodity price risk. This risk arises from its activities directed at exploration and mining development of mineral commodities. If commodity prices fall, the market for companies exploring and/or mining for these commodities is affected. The Company does not currently hedge its exposures. EQ Resources Limited Annual Report 2025 107
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