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The latest announcement is out from Equinox Resources Limited ( (AU:EQN) ).
Equinox Resources Limited has announced promising initial results from its maiden RC drilling at the Mata da Corda project in Brazil, revealing a high-grade titanium mineral assemblage. The analysis indicates that 49.2% of the deslimed sand fraction is composed of titanium minerals, with ilmenite, pseudorutile, and titanomagnetite forming the dominant component. This supports the production of a bulk magnetic concentrate suitable for downstream processing. The project is advancing towards pilot-scale flowsheet development, with further drilling and metallurgical results expected, highlighting its potential as a significant opportunity in the mining sector.
More about Equinox Resources Limited
Equinox Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is currently engaged in a project at Mata da Corda in Minas Gerais State, Brazil, which demonstrates significant potential for multi-commodity mineralization.
YTD Price Performance: -4.76%
Average Trading Volume: 175,288
Technical Sentiment Signal: Hold
Current Market Cap: A$12.39M
For detailed information about EQN stock, go to TipRanks’ Stock Analysis page.