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Equinox Resources Limited ( (AU:EQN) ) has provided an update.
Equinox Resources Limited has initiated legal proceedings in the Supreme Court of Western Australia to seek a judicial review of a decision by the Aboriginal Cultural Heritage Committee, which declined the company’s application for an infill drilling program at the Hamersley Iron Ore Project. This decision was based on the identification of two new ethnographic sites by Yulur Heritage Services. The outcome of this legal action could impact the company’s ability to advance its resource definition efforts and its overall project development strategy.
More about Equinox Resources Limited
Equinox Resources Limited is a company operating in the mining industry, primarily focusing on the exploration and development of iron ore resources. The company’s key project is the Hamersley Iron Ore Project, which holds significant potential for regional economic development and employment in Western Australia.
YTD Price Performance: -15.00%
Average Trading Volume: 228,128
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$10.53M
For an in-depth examination of EQN stock, go to TipRanks’ Stock Analysis page.