Equatorial Resources Limited (AU:EQX) has released an update.
Equatorial Resources Limited has identified a significant initial exploration target of 260 to 660 million tonnes of iron ore at their Nimba Alliance Project in Guinea. The estimated grades range from 35% to 65% Fe, with further exploration planned to determine the potential for developing this resource. The discovery positions the company within the iron-rich Nimba Iron Ore Corridor, with existing and prospective transport solutions enhancing the project’s economic viability.
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