EQ Resources : 2021 AGM Project Update

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Competent Person's Statement

• The information in this presentation relating to the Mineral Resource summary is extracted from the Company's Annual Report 2021, made available through the Company's websitewww.eqresources.com.au/. The Company confirms that it is not aware of any new information that materially affects the information included in the corresponding market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements.

General Disclaimer

• The material contained in this document is a presentation of general information about the Company's activities current as at the date of this presentation. It is provided in summary and does not purport to be complete. You should not rely upon it as advice for investment purposes, as it does not take into account your investment objectives, financial position or needs. These factors should be considered, with or without professional advice, when deciding if an investment is appropriate.
• This document may contain forward-looking statements with respect to the financial condition, results of operations, and business strategy of the Company. These forward-looking statements are based on estimates, projections and assumptions made by the Company about circumstances and events that have not yet taken place. Although the Company believes the forward- looking statements to be reasonable, they are not certain. Forward-looking statements involve known and unknown risks, uncertainties and other factors that are in some cases beyond the Company's control, and which may cause actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements (and from past results).
• The Company makes no representation or warranty as to the accuracy of any forward-looking statements in this document and undue reliance should not be placed upon such statements.
• Forward-lookingstatements may be identified by words such as "aim", "anticipate", "assume", "continue", "could", "estimate", "expect", "intend", "may", "plan", "predict", "should", "will", or "would" or the negative of such terms or other similar expressions that are predictions of or otherwise indicate future events or trends. The forward-looking statements included in this document speak only as of the date of this document. The Company does not intend to update the forward-looking statements in this document in the future.

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Oliver Kleinhempel - Non-executive Chairman

• Executive management experience in project development, finance and commodity trading sectors
• Corporate experience includes Outotec, Ferrostaal Group and CRONIMET
• Currently an executive director of CRONIMET Holding GmbH

Richard Morrow - Non-Executive Director

• Appointed as Non-Executive Director on 16 March 2021
• +30 years' experience as a sharebroker in Melbourne and in London, with a particular interest in the resources space. A long-serving Chairman of Melbourne Mining Club, Australia's foremost networking organisation for the Australian resources sector.
• Richard's investment experience includes a role as director of Lowell Resources Fund Management, manager of the ASX- listed Lowell Resources Fund. He is a Fellow of the AusIMM and an honorary member of the AusIMM Investment Advisory Committee.

Stephen Layton - Non-executive Director

• Appointed Non-executive Director 14 November 2017
• +35 years' experience in equity capital markets in UK and Australia
• Experience in both principal and director roles with a depth of knowledge in capital raisings, ASX listings and corporate advisory matters
• Currently non-executive director of Mithril Resources Limited, and previously a non- executive director on New Age Exploration Limited (both ASX listed)

Kevin MacNeill - Chief Executive Officer

• Appointed Interim-CEO & Senior Technical Advisor in May 2019 and permanent CEO in January 2020
• +33-yearcareer dedicated to developing and leading mining projects globally
• Expertise in project development,
  mineral processing, specialty processing applications & mining waste processing
• Held Executive appointments as President of Etruscan Diamonds (part of TSX-listed Etruscan Resources) & founded Specialized Metallurgical Projects Pty Ltd
• Currently Non-Executive director of Zimbabwe Lithium, a company developing the Kamativi Lithium Tailings Project

Zhui Pei Yeo - Non-executive Director

• Appointed Non-executive Director 12 August 2019
• Has held executive, management and supervisory roles with a range of experience from project planning to resource management
• Has been working at a leading system integrator in the telecommunications industry in South-East Asia
• Currently an executive director of a steel-product manufacturer

Tony Bainbridge - Chief Geologist

• EQR's Chief Geologist, focusing on developing Mt Carbine's underground resource to define & extract 'King-Vein' style mineralisation
• Experience in tungsten projects in South Korea & Africa - including building, owning and managing a tungsten mining operation in South Korea
• Expertise include tungsten, gold, resource definition, mine exploration, feasibility studies, mine development, mine production efficiencies, and day- to-dayoperations
• Currently director of Asia Intercept Mining Ltd and AMB Exploration Pty Ltd

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