Menu

Australian Shares is the world's biggest free online database of information on Australian resource companies.

Time to Update your company profile
Australian Shares

EQUATORIAL RESOURCES LTD

ASX: EQX

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Equatorial Resources is focused on the exploration and development of two potentially large-scale iron ore projects in the emerging global iron ore province of Central West Africa. Located in the politically stable and investment friendly Republic of Congo (“ROC” or “Congo Brazzaville”), Equatorial Resources’ 100% owned Mayoko Moussondji Iron Project ("Mayoko-Moussondji") and Badondo Iron Project (“Badondo”) are both highly prospective with significant scale potential.

Mayoko-Moussondji

Equatorial's 100%-owned Mayoko-Moussondji Iron Project hosts an exploration target of 2.3 to 3.9 BILLION tonnes of iron mineralisation* at an expected grade of 30% to 65% Fe and has ideal access to existing rail and port facilities. The Company is focused on the definition of high grade direct shipping ore and the subsequent rapid development of production using the existing transport infrastructure.

The Project is located in the South West region of the Republic of Congo ("ROC") and covers a total of 1000km² of the Massif du Chaillu formation originally identified by BRGM in 1986 as having the potential to host significant quantities of high grade iron mineralisation. An operational bulk haulage railway line passes directly through the project area and connects to the established deep-water port at Pointe-Noire.

The global Exploration Target is the combination of five main prospects and is comprised of:

* Potential enriched "hematite cap" iron mineralisation estimated to range between 500 to 900 million tonnes* at a grade of 40% to 65% Fe
* Primary itabirite iron mineralisation estimated to range between 1.8 to 3.0 billion tonnes* at a grade of 30% to 45% Fe.

Badondo

Equatorial’s 100% owned Badondo Iron Ore Project (Badondo) covers 998km² of ground in the North West Region of the Republic of Congo and includes a ridge line of more than 7km long of outcropping iron ore mineralisation.

Chemical analysis of rock samples collected by BRGM (1964-1966) revealed iron grades as high as 60.75% Fe, with low phosphate. BRGM also identified the possibility of a second layer of iron ore, oriented parallel to the main ridge.

Badondo is located within a regional cluster of world class iron ore exploration projects in the North West region of the Republic of Congo including:

* Avima (Core Mining/Severstal): 50km North
* Belinga (CMEC): 50km South
* Nabeba (Sundance Resources): 80km NE
* Mbalam (Sundance Resources): 100km NE

Mine For

iron ore

Location of operation(s)

The Republic of Congo

Address

Level 9, BGC Centre, 28 The Esplanade
PERTH, WA, AUSTRALIA

Phone

(61 8) 9322 6322

Email

Website


Last Updated

18/04/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.