Mining Operations During FY2025, Barruecopardo delivered strong mining performance, with total material moved exceeding 7.0 million tonnes. Of this, approximately 1.34 million tonnes of ore were mined alongside 5.7 million tonnes of waste, equating to an annualised strip ratio of 4.2:1. Ore feed grades averaged 0.18–0.20% WO₃, consistent with the mine plan, and were supported by the drawdown of surface stockpiles during periods of restricted pit access. By year-end, stockpiles totalled 209,000 tonnes, down from over 300,000 tonnes at the beginning of the year, reflecting a deliberate strategy to consume legacy low-grade material to make room for ROM Pad re-organisation and ensure uninterrupted mill feed. ~7.0 Mt Material moved ~5.7 Mt Waste mined 4.4:1 Strip ratio 209,000 t Closing stockpile 0.18–0.20% WO₃ Average ore grade mined ~1.3 Mt Ore mined Operating and Financial Review continued 42 EQ Resources Limited Annual Report 2025
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