EQ Resources (EQR) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum, introduction of directors, CFO, and auditor, and notice of AGM and agenda provided per company constitution.

• AGM held on 27 November 2025, focusing on operational, financial, and strategic updates for the year.

• Format included explanation of participation, formal business, Q&A, and voting procedures.

Financial performance review

• Share price as of 26 November was AUD 0.052, with a market cap of AUD 197 million.

• AUD 35 million raised in equity and debt funding in Q1 2026.

• Annual production for 2025 was 1,678 tonnes; Spain asset cash-generating since August 2025, Australia expected from February 2026.

• Overdue payables reduced by AUD 15.6 million; available cash at end of October was AUD 12 million.

• Spanish debt refinancing underway, with term sheets received and due diligence completed.

Board and executive committee updates

• Jono Kort joined as Group CFO on 1 June 2025; Craig Bradshaw became Managing Director on 1 October 2025.

• Kevin McNeil, previous CEO, continues with the organization, contributing expertise in metallurgical processing.

• Board chaired by Oliver Kleinhempel, with Stephen Layton, Stephen Weir, and Zhui Pei Yeo as non-executive directors.

• Management team includes Craig Bradshaw (Managing Director), Jono Kort (CFO), Kevin MacNeill (CTO), Alvaro Serrano (Saloro CEO), and Evren Oeren (Saloro COO).