EQ Resources : Investor Presentation

Disclaimer

Competent Person's Statement

• The information in this presentation partly relates to the outcomes of the Mt Carbine Bankable Feasibility Study Update (November 2022), 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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ESG Responsibility Acknowledgement

In the spirit of accountability,

EQ Resources and its Mt Carbine Operations acknowledges its responsibility towards caring for the land, sea, sky and community on and within which it operates.

EQR is committed towards sustainable development of natural resources by producing a critical mineral in a way that decouples growth from environmental degradation. EQR recognises the value of Australia's biodiversity and the importance of effective conservation of all Australian animal species and the habitats in which they live. As a part of our ESG program, EQR is engaging in community partnerships to inject meaningful support into our Environmental

and Social commitments.

EQR won the AMEC 2022 Environmental Award. It reflects the importance of managing environmental impacts of mineral mining and exploration projects. It is made to a company that goes above and beyond in their management of environmental impacts or is developing innovative methods to achieve better long-term environmental outcomes.

EQR welcomes conversations to discuss our on-going commitments and opportunities to showcase how the EQR Mt Carbine Tungsten Mine produces in a way that decouples growth from environmental and social degradation.

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