Equinox Resources Limited (AU:EQN) has released an update.
Equinox Resources Limited has announced a substantial Mineral Resources Estimate for its wholly-owned Hamersley Iron Ore Project, revealing 108.5 million tonnes at 58% iron content, with potential for further expansion as suggested by recent high-grade drill results. The project benefits from its strategic location in the Pilbara region, with existing infrastructure and a mining lease ready for rapid development amidst a favorable iron ore market. A planned drilling program aims to increase the resource’s grade and volume, with a comprehensive scoping study on the horizon to maximize shareholder value.
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