EQ RESOURCES LIMITED
Mt Carbine - Near Term Producer
March 30th, 2022
ASX : EQR
Disclaimer
Competent Person's Statement
• The information in this presentation partly relates to the outcomes of the Mt Carbine Bankable Feasibility Study, 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-looking statements 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.
Corporate Snapshot
Value Proposition
• Australia's only primary producer of tungsten
• High-grade resource (expandable)
• Multiple revenue streams
• Low-cost expansion
Share Price
A$ 0.055
Issued Shares
1,344m
Market Capitalization
A$ 73,9m
Shareholding:
- Top 20 holders
59.6%
• Experienced Board & Leadership Team
Board & Leadership Team
Oliver Kleinhempel | German | Non-executive Chairman |
Stephen Layton | Australian | Non-executive Director |
Zhui Pei Yeo | Singaporean | Non-executive Director |
Richard Morrow | Australian | Non-executive Director |
Kevin MacNeill | Canadian | Chief Executive Officer |
Tony Bainbridge | Australian | Chief Geologist |
Why EQ Resources
1
Australia's only primary producer of tungsten, a critical mineral
Strong Economics of Open Pit & LGS (BFS scope) - $131M NPV8 with 154% IRR
3
Genuine ESG vision and commitment
4 5 6
BFS only focusses on the open pit only 14.4% of the resources (excl LGS)Scoping study for UG set for Q1 2022, expected to confirm technical & economic viability
Potential to expand Open Pit with further drilling to be completed aheadof mining
Highlights of Last 12-Months
Drilling under the pit (defined a high-grade resource), setting the scene for Bankable Feasibility Study (BFS) work
Completed BFS for Mt Carbine Open Pit & Low Grade Stockpile Project
Early Works initiated - purchase & installation of equipment
Completed grant funded METS Ignited XRT project in collaboration with valuable partners
Upgraded and stabilized gravity plant production (improving recoveries and feed grade), moving towards 24/7 operations
Completed additional drill program (Q1/22) targeting potential open pit extension
Initiated Underground Scoping Study
Received environmental permitting for mining & processing 1Mtpa
Completed large quarry contract, promotion with overseas customers
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Disclaimer
EQ Resources Ltd. published this content on 30 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2022 01:54:07 UTC.