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Equinox Resources Limited (ASX:EQN)

ALERT: Price-sensitive ASX Announcement for EQN
Current share price for EQN : $0.080 -0.013 (-13.98%)+
Announcement
Release
31 Oct 2025 4:32PM
Price at Release
$0.093
Full Release
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Summary
Equinox Resources Limited, trading as EQN on the ASX, released its quarterly activities report and Appendix 5B cash flow statement for the quarter ending 30 September 2025. During this period, the company reported a cash balance of $926,000 and exploration expenditures amounting to $568,000. The company also divested its Alturas project, which is expected to generate proceeds of C$300,000 plus shares in the upcoming quarter. The report highlighted issues related to the Hamersley Iron Ore Project, including an independent heritage assessment and ongoing legal proceedings concerning site boundaries. Additionally, Equinox continued exploration activities at its Campo Grande Rare Earth Project in Brazil, where significant rare earth element findings were reported. The company remains focused on advancing its Hamersley project and evaluating strategic options for its Brazilian assets.
Key Points
  • Quarterly activities report for the period ending 30 September 2025.
  • Cash balance of $926k with exploration expenditure of $568k.
  • Divestment of Alturas project for C$300k plus shares.
  • Independent heritage assessment and legal proceedings for Hamersley Project.
  • Significant rare earth findings at Campo Grande Project in Brazil.
  • Focus on advancing Hamersley project and strategic evaluation of Brazilian assets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.