Ann: 64% Increase of Mt Carbine Indicated Resources (In-Situ), page-21

From Linked In:

Exciting news for EQ Resources (ASX:EQR) followers! PAC Partners' latest #equityresearch report has reiterated its #BUYrecommendation for EQ Resources Limited The report highlights EQR's significant potential, with the recent mineral resource update showing an increase in total in-situ mineral resources of around 30% and an increase in the indicated category by 64%. This is a key factor for potential conversion into mineral reserves, which could extend EQR's modest beginnings (of a 4-year reserve life). EQR's near-term outlook is also positive, with the mining contractor set to fully mobilize in May and open-cut mining on track to commence in June. Year 1 production guidance has also been issued, with 760kt ore mined at 0.44% WO3. The report also notes EQR's track record of positive updates, including regulatory approval to commence open pit mining and high-grade mineralisation identified. With FCF in sight, EQR is on track to become a multi-year open-cut and underground mining project capable of being financed from FCF. The risks of restart of the open pit have been assessed, and management is confident that as first production commences, profitability will follow fast as tungsten prices are well over cost of production. Join us in our excitement and take a look at PAC Partners' equity research report on EQR!