Operating and Financial Review continued Spain During Q4 2025, Saloro strengthened its longstanding commitment to the local community through several impactful initiatives aligned with our values of solidarity, sustainability, and regional inclusion. In collaboration with La Hermandad de Donantes de Sangre de Castilla y León, Saloro once again hosted a biannual blood donation campaign at the Barruecopardo site. The mobile unit was set up at the company’s facilities, where 18 individuals — including employees and local residents — participated in the blood drive. The event was marked by a spirit of camaraderie, laughter, and shared purpose. As with tungsten, there is no substitute for blood — a reminder of the vital importance of these donations. The Hermandad will return in six months to continue this life-saving collaboration. In parallel, Saloro continued its support of Cruz Roja Vitigudino and Cruz Roja Salamanca, maintaining a special bond cultivated over many years. This quarter, Saloro responded to the NGO’s specific seasonal needs by donating hygiene and cleaning supplies, including soaps, disinfectants, and household items. December also marked a special tradition at Barruecopardo with the celebration of Santa Bárbara, patron saint of miners. As part of the festivities, students from the Pérez Villanueva school in Barruecopardo visited the site. Continuing a decadelong tradition, the 6th-grade graduating class planted a tree in the “Bosque de los Niños”. The visit concluded with a festive hot chocolate gathering at the school. These initiatives reflect Saloro’s enduring commitment to the well-being of its surrounding community and our deep-rooted belief in giving back to the region that hosts our operations. In a significant development for the mining sector, Álvaro Serrano, CEO of Saloro, was appointed President of the Board of Directors of the Iberian Sustainable Mining Cluster (ISMC). The new board is committed to strengthening strategic alliances, optimizing the management of innovation funding, energizing the cluster’s working groups, and advancing sustainable mining practices across the Iberian Peninsula. The ISMC represents more than 70 companies involved in the Spanish mining sector and is a key advocate for responsible resource development both nationally and internationally. Saloro’s active participation reinforces its dedication to leadership and innovation within the industry. Pictured: Saloro’s worker volunteering in the blood donations Pictured: Alvaro Serrano CEO of Salorowith the Red Cross Sustainability Plans for the Future Emissions tracking and reporting EQR continues to monitor greenhouse gas emissions at Mt Carbine, covering Scope 1 and 2 emissions and selected Scope 3 categories. While current emissions remain below the reporting thresholds of the National Greenhouse and Energy Reporting Scheme (NGERS) and the Safeguard Mechanism, the Company is proactively aligning with upcoming Australian ClimateRelated Financial Disclosure requirements. EQR remains committed to strengthening its emissions data capture and advancing decarbonisation initiatives to further reduce its operational footprint. 20 EQ Resources Limited Annual Report 2025
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