• Drilling program commenced at Mt Carbine to target extensions to existing resources and reserve definitions
• Program comprises 28 holes for ~ 7,700 metres of diamond and RC drilling
• Drilling designed to improve confidence in planned resources and test extensions to known mineralisation

EQ Resources Ltd is pleased to announce the commencement of a drilling program at its Mt Carbine Tungsten Mine in North Queensland. The program comprises 28 drill holes for approximately 7,700 metres and is designed to improve confidence in currently planned resources, test potential extensions to known resources, and support future mine planning in priority mineralised areas. To date, the diamond drilling component has completed 5 drill holes for 1,900 metres, and the RC drilling has completed 3 holes for a total of 710 metres. The drilling program is intended to further define and extend the existing ore domains and test the potential for high-grade ore shoots related to structural traps or fault boundaries. The JORC compliant drilling results will be utilized to update the existing resource and reserve figures. Assay turnaround is expected to be approximately 20 to 30 business days from sample receipt, and the Company expects to release drilling results progressively as assay results are received, reviewed and validated over the coming months. The drilling program will provide a better understanding of the structural controls on tungsten mineralisation and the potential for depth and strike extensions to the current design parameters.

The Company sees clear value in systematically drilling the next target areas to improve geological confidence, support future mine planning and help unlock further growth at the Mt Carbine operation. Extending the mine life at Mt Carbine supports more than production growth, as it supports employees, contractors, local trades, regional suppliers and the broader community, while strengthening EQR's role in delivering secure, reliable and traceable Western tungsten supply into global markets.