Sustainability Risk Assessment During FY2025, EQ Resources conducted a dedicated Sustainability and Climate Risk Workshop aimed at strengthening the Company’s ESG framework and preparing operations for emerging climate-related compliance requirements. The workshop served a dual purpose: to assess the overarching sustainability risk profile across the Group, and to identify opportunities at Mt Carbine that could be embedded operationally to enhance ESG impact. A key outcome was the completion of a Sustainability and Climate Risk Assessment for Mt Carbine Operations. This exercise highlighted existing gaps in ESG risk management and provided a structured pathway to address them. By discussing climate change risks in detail, the workshop explored mitigation measures designed to enhance operational resilience, while simultaneously informing the Company’s broader decarbonisation planning. The workshop focused on several objectives: − Identification of hazards across current open-pit mining, future underground expansion scenarios, and eventual closure planning. − Evaluation of effective controls to reduce or mitigate inherent risk ratings. − Development and handover of a functional Sustainability and Climate Risk Register for Mt Carbine Operations. − Preparation for compliance with future ASRS reporting requirements, noting that Climate Change Risk Assessments will not be legislatively required until FY27 for Group 3 entities, providing EQR with an early-mover advantage. The insights generated from this process have strengthened EQR’s capacity to proactively manage sustainability and climate risks, while also positioning the Company to integrate ESG opportunities into its operational decision-making. Multi Jurisdictions Sustainability Reporting EQR continues to advance its sustainability reporting framework by systematically gathering environmental and social performance data in line with the Global Reporting Initiative (GRI) and the International Council of Mining and Metals (ICMM) standards. Key indicators such as health, safety, community engagement, and workforce diversity are actively monitored and disclosed within the Annual Report. The Company has also reviewed its position under the forthcoming Australian Sustainability Reporting Standards (ASRS), which come into effect in January 2025. Based on its asset profile, revenue, and NGERS thresholds, EQR will fall within Group 3, with mandatory reporting to commence from 1 July 2027. In preparation, the Company is broadening its emissions data capture and undertaking a comprehensive Sustainability Risk Assessment to ensure readiness and strengthen ESG integration across its operations. With the European Sustainability Reporting Standards (ESRS) framework evolving and delays for certain sectors and non-EU companies, EQR is closely monitoring changes. Although full compliance may not affect EQR and Saloro until 2028, EQR is preparing for future obligations, particularly in supply chain sustainability. Insights 259 Total EQR Staff as of end of June 2025 Growth 98% employees live in the local region Buddy Up 23% Women employees across EQR Operations 3% Indigenous Mt Carbine employees Embrace Difference +12% Growth of Employees (with the integration of Saloro) Growth 7 ESG related Governance policy reviews Lead with Integrity EQ Resources Limited Annual Report 2025 21
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