− Queensland Government Grant: A$0.25 million to support bulk ore sorting trials at Wolfram Camp − European deleveraging: €5 million debt repaid at Saloro (February 2025). − Credit facility support: €20 million of €25 million Letters of Credit extended to end-2025 with Oaktree support (May 2025). − Export-credit pathway: United States EXIM LOI for up to US$34 million (A$52 million), 10-year tenor (June 2025). Queensland Government Grant In early October 2024, the Company was awarded A$250,000 in funding from the Queensland Government’s METS Collaborative Project Fund to support the commencement of advanced XRT ore sorting trials at the Wolfram Camp tungsten mine. The funding is part of the Queensland Government’s broader initiative to reinvigorate former mines, aligning with their Critical Minerals Strategy and Resources Industry Development Plan, focusing on economic growth and sustainable practices. The initiative will be a collaborative project involving EQR, Tomra Sorting Pty Ltd (“Tomra”), and the University of Queensland’s Sustainable Minerals Institute. Tomra will supply advanced XRT Ore Sorters and support technology optimisation, while the University of Queensland will conduct mineralogical and geochemical analysis to ensure the effectiveness of the ore sorting technology. See ASX Announcement 15th October 2024: ‘Queensland Government and EQR Invest In Ore Sorter Trials at Wolfram Camp Mine’ EQ Resources Limited Annual Report 2025 5
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