EQ Resources Limited Annual Report 2025

ANNUAL Report June 2025 Notes to the Consolidated Financial Statements 47 During the reporting period the Company entered into the following transaction: - Short-term borrowings via the advanced upfront Subscription Security payment of $8,735,000 from OCM Luxembourg Tungsten Holdings S.a.r.l. (Oaktree) prior to the issue of the Subscription Securities as part of the share placement on 22 May 2025. The loan is non-interest bearing unless the Company fails to satisfy the Subscription Approval by 31 August 2025, interest will accrue at a rate of 10% per year accruing daily. At the EGM held on 19 July 2025 shareholders approved the issue of 249,585,714 shares in full satisfaction of the short-term borrowings. (c) Receivable from and payable to related parties There were no trade receivables from nor trade payables to related parties at the current and previous reporting date other than those disclosed in the Remuneration Report. (d) Loans to/from related parties No loans to or from related parties were entered into during the reporting period. (e) Parent entity EQ Resources Limited is the parent entity. (f) Subsidiaries Interests in subsidiaries are set out in Note 20. EQ Resources Limited Annual Report 2025 113

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