Processing Processing operations at Mt Carbine in FY2025 were shaped by a combination of record-setting achievements, environmental constraints, and transitional ore feed as mining advanced through the Stage 2 Pit. Across the year, the site crushed more than 756,000 tonnes of ore, comprising approximately 550,000 tonnes of open-pit ore and around 220,000 tonnes sourced from the low-grade historic stockpiles. In total, more than 462,000 tonnes of ore were fed through the Ore Sorter and 238,000 tonnes were treated through the Gravity Plant, culminating in the production of 48,771 mtu of tungsten concentrate for FY2025. These results highlight the mine’s ability to sustain throughput and maintain production continuity despite the challenges of variable head grades, seasonal water shortages, and shifting ore feed sources. 756k tonnes of ore crushed 48,771 mtu produced 462k tonnes of ore sorted ~79% final recovery achieved Operating and Financial Review continued 32 EQ Resources Limited Annual Report 2025
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