Notes to the Consolidated Financial Statements continued ANNUAL Report June 2025 Notes to the Consolidated Financial Statements 26 The unexpired interest component will be recognised over the life of mine in line with each of the scheduled periodic repayments to Regal Resources Royalties Fund. A discounted cash flow method using a discount rate of 5.455% was used to capture the net present value of the revenues for the life of mine as determined in the May 2023 Update of the BFS. 3 Deferred acquisition costs represent those costs directly attributable to the acquisition of leading European tungsten producer, Saloro S.L.U. from global investment manager, Oaktree along with those attributable to the acquisition of Cronimet’s 50% joint venture interest in the Mt Carbine Tungsten Operation. These costs will be amortised over life of mine. 7. AUDITOR’S REMUNERATION 2025 $ 2024 $ Audit-related services Amounts paid or payable: - Nexia Melbourne Audit Pty Ltd 137,950 176,245 - Deloitte, Spain 224,424 25,671 Taxation services Amounts paid or payable: - Nexia Melbourne Pty Ltd 4,600 27,634 - Deloitte, Spain 204,218 65,793 571,192 295,343 8. TRADE AND OTHER RECEIVABLES 2025 $ 2024 $ Trade receivables 3,864,749 6,733,194 Less: Allowance for doubtful debts - (10,634) 3,864,749 6,722,560 Other taxation 3,282,820 3,516,956 Other receivables - related entities - 5,531,580 Other receivables – other persons/corporation 156,206 710,988 Total trade & other receivables 7,303,775 16,482,084 Prepayments 1,652,205 656,636 Trade Receivables Average credit period on sales of product is 30 days. No interest is charged on outstanding trade receivables. The collectability of trade receivables is assessed continuously, and individual receivables are written off when management deems them unrecoverable. A provision has been made for those receivables whose recovery was deemed doubtful as at reporting date. Other Receivables – Related Entities The prior year receivables from related entities represents the Company’s 50% portion of loans provided to the unincorporated joint venture since its inception. These loans were unsecured and non-interest bearing and were recorded as a current asset prior to the acquisition by EQR of CR Australia’s joint venture interest in the Mt Carbine Retreatment Joint Venture (refer ASX Announcement “EQR Executes Definitive Agreement to Acquire Mt Carbine Retreatment Joint Venture Interest from Cronimet” dated 5 July 2024). Upon acquisition on 1 July 2024 these amounts have been eliminated upon consolidation. 92 EQ Resources Limited Annual Report 2025
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