EQ Resources Limited (EQR or the Company) is advancing its preparations to reopen the 430m long historical decline at Mt Carbine as announced on 16 October 2020 (refer ASX announcement “High-grade structural zones extend for 1.2km: Mt Carbine historical drilling reinterpretation”. As part of this process, EQR was required to submit an application to the Department of Environment & Science to allow underground sampling and exploration. EQR has subsequently received this permission by way of an amended Environmental Authority. The next step in the process requires EQR to complete and submit a Facilitation Description Report to the Department of Resources which sets out the detailed project plan for the reopening of the decline and associated work program. The Company has engaged John Murphy of Northern Consultancy Services Australia Pty Ltd on 10 December 2020 as a specialist consultant for the drafting and completion of the Facility Description Report, and this report is expected to be finalised by April 2021.
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