EQN - Equinox Resources

[System]

Equinox Resources Limited is a mineral exploration company which has been incorporated for the purpose of acquiring the Hamersley Iron Ore Project, currently held by Pathfinder Resources Limited (PF1) and Lockett Fe Pty Ltd, a wholly owned subsidiary of Cazaly Resources Limited (CAZ).

The Hamersley Iron Ore Project is located approximately 60 km north of Tom Price in the Pilbara region of Western Australia and is prospective for iron ore.

The Hamersley Iron Ore Project is situated in the central portion of the Hamersley Province. The Hamersley Province contains late Archaean – Lower Proterozoic age sediments of the Mount Bruce Supergroup, which lies between the Archaean granitoid basement complexes of the Yilgarn and Pilbara cratons. The Mount Bruce Supergroup has three constituent groups – the Fortescue, Hamersley, and Turee Creek Groups. There are two iron mineralisation zones of interest near-surface, the detrital iron mineralisation and deeper channel iron mineralisation.

EQN will list on the ASX on 13 October 2021.

Home - Equinox Resources

Discover, develop and deliver natural resources Key projects in tier 1 mining jurisdictions Our diversified projects are 100% owned and located in the heart of proven iron ore and emerging rare earths locations in Brazil and Australia. Find Out More...

www.eqnx.com.au

 

[Dona Ferentes]

Listing date	13 October 2021 1:00 PM AEDT ##
Company contact details	https://www.eqnx.com.au/ Ph: +61 8 6489 0619
Principal Activities	Mining exploration and development
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	EQN
Capital to be Raised	$9,000,000
Expected offer close date	05 October 2020
Underwriter	Not underwritten. Canaccord Genuity (Australia) Limited and Sixty Two Capital Pty Ltd (Joint Lead Managers)

 

[Dona Ferentes]

EQN listed today ..... opened at 32c and now 27c

 

[greggles]

EQN listed today ..... opened at 32c and now 27c

Buy side of the market depth looks strong. Sell side is very thin. EQN looks to be very tightly held. Will be interesting to see how thing develop for EQN in the coming months.

 

[peter2]

Equinox is adding a clay-hosted rare earths tenement in Brazil to its existing iron ore (WA) and lithium (Canada) prospects.
The market loved the idea and the price spiked +48% higher.

Plenty of hot money still chasing lithium and rare earths prospects all around the world.