EQ Resources (EQR) Earnings Call Presentation

Company Overview - EQ Resources has a market capitalization of A$108 million and a share price of A$0038[19] - The company's annual production is 1735 tonnes of WO3[19] - The company raised A$246 million in 2025 to reduce debt and progress development[20] Tungsten Market - Global Tungsten reserves are 37 million tonnes with an annual production of 79kt WO3[12] - Restricted countries hold 63% of global reserves and produce 87% of annual production[12] Barruecopardo (Spain) - The mine has a mining lease until 2044[26] - A$200 million capex investment pre-EQR Acquisition in January 2024[26] - Production is targeted to reach 1300 tonnes WO3 per year[26] - Open Cut Proven reserves contain 682 million tonnes with 016% WO3[25] Mt Carbine (Australia) - Minimum 8-year mine life uses only 19% of reserves[30] - Production is targeted to increase to 1750 tonnes WO3 per year[30] - Open Cut Probable reserves contain 536 million tonnes with 028% WO3[29]