Ann: EQR Begins Grade Control Drilling Ahead of Open Pit Restart, page-3

The "early mover" advantage for EQR can not be overstated. With Cronimet's distribution opportunities providing a network of established customers keen for a reliable, proven and non-China source, EQR has been able to lock-in a longterm guaranteed supply format that will allow not just immediate offtake of all we produce, but also allow early expansion of the Company's mining potential. This is a huge advantage for Mt. Carbine as the production facilities/systems/personnel are already in place.

EQR's competitors (both in Australia and around the world) are clearly struggling to establish new, viable mining operations -their focus is to actually get established. For EQR, it will be on expansion -a vastly different focus. As other posters on this forum have mentioned, it is not an easy proposition to (re)develop a mining operation, the hurdles are many. For EQR the imminent start to permanent mining operation is testament to the excellent leadership this Company has enjoyed. Yes, it has been (frustratingly) slow/long but compared to its peers it has been a clear, consistent progression under the recent Management and the Shareholders are about to reap the rewards for supporting the Company.

Let the Mining Operations begin...