EQ RESOURCES LIMITED DISCLOSUREOther Disclosures

Record Cash Generation on Higher Production

resourcing the new economy for a better tomorrow REGISTERED OFFICE: Level 7A, 410 Queen Street, Brisbane QLD 4000, Australia PRINCIPAL PLACE OF BUSINESS: 6888 Mulligan Highway, Mt Carbine Qld 4871 POSTAL ADDRESS: PO Box 1496, Mareeba Qld 4880 ABN: 77 115 009 106 (ASX: EQR) T: (07) 4094 3072 | F: (07) 4094 3036 | W: eqresources.com.au 6 October 2026 RECORD CASH GENERATION ON HIGHER PRODUCTION EQ Resources Ltd is a global tungsten producer with mining activities in Australia and Spain. EQ Resources Limited (“EQR” or “the Company”) (ASX: EQR) is pleased to provide the following production, and financial update for the quarter ended 30 September 2026. Group • Cash on hand at 30 September 2026 was A$82.3 million, an increase of 192% quarter-on-quarter. • Consolidated production totalled 51,233 mtu for the quarter, representing an increase of 81% quarter- on-quarter. This is the second highest quarterly production performance on record. • Consolidated sales volumes totalled 49,715 mtu, generating a record revenue of A$158.8 million for the quarter, representing an increase of 101% quarter-on-quarter. • Average realised price was US$2,248 per mtu1, representing an increase of 20% quarter-on-quarter. Barruecopardo • Record production of 34,088 mtu for the quarter, representing an increase of 123% quarter-on-quarter. • Sales volumes totalled 33,147 mtu with an average realised price of US$2,333 per mtu1, an increase of 32% quarter-on-quarter. Mt Carbine • Production totalled 17,145 mtu for the quarter, representing an increase of 31% quarter-on-quarter. • Sales volumes totalled 16,568 mtu with an average realised price of US$2,110 per mtu1, an increase of 6% quarter-on-quarter. Released on authority of the Board by Craig Bradshaw, Managing Director, EQ Resources. Further information: Rosalyn MacNeill John Gardner Investor Relations VECTOR Advisors [email protected] [email protected] M: +61 413 355 997 1 Subject to final assays and reconciliation. For personal use only resourcing the new economy for a better tomorrow Page 2 About the Company EQ Resources Limited is a leading global tungsten mining company dedicated to sustainable mining and processing practices. The Company is listed on the Australian Securities Exchange, with a focus on expandin