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An announcement from Equinox Resources Limited ( (AU:EMA) ) is now available.
Eminence Minerals has commissioned Brazilian consultancy GE21 Consultoria Mineral to undertake an independent strategic technical assessment and data verification program at its Campo Grande rare earths and critical minerals project in Bahia, Brazil. The review will cover historical exploration data, geological interpretation, drilling and sampling, QA/QC protocols and key parameters for resource estimation, supplemented by a technical site visit to evaluate infrastructure and development options, culminating in a technical memorandum that will guide additional work required to support potential JORC-aligned Mineral Resource and Scoping Studies. Management views the exercise as a key step in systematically advancing Campo Grande toward resource definition and project development, leveraging encouraging shallow mineralisation results and the project’s proximity to Brazilian Rare Earths’ high-grade discoveries in the same province to enhance Eminence’s positioning within a growing Brazilian rare earths hub.
The most recent analyst rating on (AU:EMA) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Equinox Resources Limited stock, see the AU:EMA Stock Forecast page.
More about Equinox Resources Limited
Eminence Minerals Limited is an ASX-listed mineral exploration company focused on rare earths and critical minerals, with its flagship Campo Grande Project located in Bahia State, north-eastern Brazil. The district-scale project targets shallow rare earth mineralisation with high-grade surface sampling and drilling results, and is strategically positioned adjacent to tenements held by Brazilian Rare Earths, underscoring its exposure to a recognised regional rare earth corridor and existing infrastructure.
Average Trading Volume: 159,084
Technical Sentiment Signal: Sell
Current Market Cap: A$9.65M
Find detailed analytics on EMA stock on TipRanks’ Stock Analysis page.