Ann: Increased Tungsten in Updated Mt Carbine Mineral Resource, page-21

We now have both TOMRA XRT Sorters in operation allowing sorting throughput to be doubled. This is such a game-changer for EQR's tungsten production economics. When the open-pit mining commences the infrastructure required will be in place -at a very low debt cost.

A Contractor has been engaged for the early stage work for the open-pit restart. This is such a crucial step in Mt Carbine's restart as a full-on producing mine. Along with the continuing expansion of the workforce nos/training, the security of having 100% of all tungsten produced guaranteed sold (through our Partner Cronimet) provides a solid future for EQR.

With the secondary income stream (from Quarry Ops) expanding allowing increasing income/cost benefits to flow, the operation expense ratio must be the envy of any other (potential) mine.

The relentless, ongoing sell-down of the sp clearly has a purpose, and (imho) may be Broker-based. The potential for EQR is just enormous, and for
the sp to be (again) below 5c/sh is simply ludicrous! Whenever there is the potential for a +ve response to good news from the Company there is a down sell to prevent such a rise in the sp.

I would be very surprised if the Management didn't know who is behind it. What is very clear is the disconnect between the value of the project and it's actual valuation through it's sp. I would have thought that at this stage of (re)development EQR would be around 10-20c with a very strong upward progression as more and more good progress news is announced.

I think we need from EQR a more explicit style of announcement that puts $s to (potential)sales, the names of our Customers, what our Customers are using the tungsten for, more detail on the $ value increased production will have for the Company (Shareholders) in a manner currently absent.
I understand that ASX announcements constrain some commentary, but the current style/content doesn't really reflect the astonishing progress EQR has made (and will continue to make).

Shareholders (and potential Shareholders) need to be convinced that buying into EQR is a sensible choice with huge upside. The only way to do this is make ASX announcements more informative. Doing so will (imho) overcome the influence of the down-seller. Also, more frequent ASX announcements on progress would help.