Ore Sorting: The Core of EQR’s Efficiency Model In Saloro’s case, the strategic integration of ore sorting into the flowsheet delivers a similar advantage. The Crushing Plant has capacity headroom to accommodate higher ore throughput, while the Gravity Plant is designed to process a relatively steady volume. By debulking ore upstream and increasing the grade of the material fed into the Gravity circuit, the Ore Sorters effectively raise the metal content per tonne of feed. This ensures that even without materially expanding Gravity Plant capacity, overall tungsten output (mtu) increases in line with higher feed grades. In effect, the Ore Sorters allow Saloro to unlock additional production by concentrating metal units before they reach the Gravity Plant, thereby improving recoveries, lowering unit costs, and avoiding the need for a larger downstream circuit. The approach mirrors EQR’s operational philosophy at Mt Carbine — focusing on sorting efficiency rather than sheer plant scale, to deliver sustainable growth with reduced energy consumption, lower wear on equipment, and a smaller environmental footprint. Operating and Financial Review continued 52 EQ Resources Limited Annual Report 2025
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