Competent Person’s Statement – Mt Carbine Ore Reserves EQ Resources’ exploration and Resource work is being managed by Mr Tony Bainbridge, AusIMM. (No 112770) Mr Bainbridge is engaged as a contractor by the Company and is not “independent” within the meaning of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr Bainbridge has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in JORC Code 2012. The technical information contained in this announcement relating exploration results are based on, and fairly represents, information compiled by Mr Bainbridge and geologist under Mr Bainbridge’s supervision. Mr Bainbridge has verified and approved the data disclosed in this annual report, including the sampling, analytical and test data underlying the information. The Mineral Resource Estimate and Reserves as shown in this report has been prepared by Mr Bainbridge and consented to the inclusion in this release of the matters based on his compiled information in the form and context in which it appears in this announcement. Mr Bainbridge statement is available in appendix of this report Competent Person’s Statement – Saloro Barruecopardo Mine Ore Reserves The information in this report is extracted from the statement named “Barruecopardo Scheelite Mine - Annual Ore Reserves Statement June 2025” in appendix of this report has been prepared by Mr Jesus Maria Montero Gonzalez, Principal Mining Consultant and Director of Mining Sense Global SL. Mr Montero has contributed to previous Ore Reserve estimates for Barruecopardo, and has provided professional serves to the operation over many years. Mr Montero is a qualified Mining Engineer, (MSc Mining Eng., Universidad Politécnica de Madrid - Spain), has over 23 years of experience and is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) MAusIMM 3111131. Mr Montero has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and the activity being undertaken to qualify as a Competent Person as defined in the JORC Code 2012. Mr Montero consents to the inclusion in the release of the matters based on his information in the form and context in which it appears. Neither Mr Montero or Mining Sense Global SL has any material interest or entitlement, direct or indirect, in the securities of EQ Resources Limited or any associated companies. Mr. Montero and the Mining Sense Global SL team have been working for Saloro during the last 6 years by providing consulting expertise in mine design and mine schedule for medium and long terms. Witness of tis statement is Hugh Thompson. Mr Thompson as Competent Persons is an accomplished mining professional with 40 years of experience in the feasibility, design, and operations of mining projects in Australia, AsiaPacific, Africa and South America. Mr Thompson led numerous multi-discipline projects, working with professionals from backgrounds such as Environmental, Community, Geology, Mining, Processing, Infrastructure and Corporate aspects of projects. He has a B. Eng (mining), and a Grad. Dip (Finance). He is both a Fellow of the AusIMM (FAusIMM (CP Mining) 111 573) and a CP mining. He holds First Class Mine Managers Certificates for; Western Australia, Queensland and Papua New Guinea. Mr Thompson has known Mining Sense Global SL professionally for 10+ years. EQ Resources Limited Annual Report 2025 57
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