Operating and Financial Review continued In parallel, the delivery and upcoming installation of the new Sandvik Crushing and Screening Plant, all major equipment for which is already on site, will underpin a planned doubling of processing capacity in FY2026. Together, these developments position Mt Carbine to deliver stronger and more consistent production performance, with the potential to sustain record outputs on a regular basis. Quarry Operations Mt Carbine Quarry continued to strengthen its role as a key regional supplier of construction materials throughout FY2025, supporting a wide range of civil infrastructure and maintenance projects across Far North Queensland. The quarry’s reliable production, flexible supply capability, and commitment to community partnerships positioned it as an essential contributor to the region’s development. The year was marked by the successful execution of several large-scale contracts, alongside consistent deliveries to long-standing customers. A significant milestone was the completion of the 17,000-tonne supply of 4.3 road base to Keltone Constructions at Hurricane Station. This project was delivered on schedule and transitioned seamlessly into a new contract for the delivery of armor rock, supporting critical breakwater construction works along Cairns’ northern beaches. In parallel, supply of 20mm concrete aggregates to BZ Contractors for the Daintree River project remained steady, ensuring the continuity of a key regional infrastructure program. The quarry also maintained its support for Mossman Quarry with bulk product supply and extended its reach into the World Heritage-listed Brooklyn Wildlife Sanctuary at Brooklyn Station, where deliveries were managed under ecological preservation guidelines to facilitate road maintenance works. Beyond major contracts, general aggregate sales continued at stable levels, servicing small-to-medium infrastructure and road maintenance projects across the region. The demand was particularly strong leading into the wet season, with civil construction companies accelerating works to achieve completion targets. The quarry also played an active role in disaster recovery and resilience efforts, providing essential material for reconstruction projects initiated by local councils and civil contractors following Cyclone Jasper in Dec-23. Community Engagement and Infrastructure Support In addition to direct project supply, Mt Carbine Quarry engaged with government and community stakeholders to support forward-looking regional development initiatives. Notably, during Q3 FY2025, the quarry committed up to A$150,000 in quarry products to support the proposed upgrade of the Bushy Creek Bridge, reflecting EQR’s proactive contribution to regional infrastructure and community safety. Discussions with local ministers and council representatives advanced during the year, with formal engagement sessions scheduled to continue in FY2026. Plant optimisation initiatives implemented during the second half of the year delivered measurable improvements in output efficiency. These upgrades enabled faster fulfilment of large orders and improved consistency of product supply. The quarry’s focus on reliability and responsiveness to customer needs was demonstrated by its ability to transition quickly between high-volume contracts while maintaining steady deliveries to existing clients. Looking ahead, Mt Carbine Quarry is well positioned to build on the strong momentum established in FY2025. The Company expects continued demand from both large infrastructure projects and regional councils, particularly as government disaster recovery programs and coastal protection works expand. The outcome of the Standing Offer Arrangement with the Department of Transport and Main Roads will provide additional opportunities to secure long-term supply agreements, further consolidating the quarry’s role as a critical regional supplier. Mt Carbine Quarry armour rock used on the Cairns Northern Beaches for boat ramps, beach protection and jetty. 34 EQ Resources Limited Annual Report 2025
RkJQdWJsaXNoZXIy MjE2NDg3