Equatorial Resources Eyes Promising Iron Ore Prospects

Equatorial Resources Limited (AU:EQX) has released an update.

Equatorial Resources Limited has announced promising assay results from its Nimba Alliance Iron Ore Project in Guinea, revealing high-grade iron mineralization at the D1 Target. The company is preparing for a maiden drill program to further explore these findings, while also actively pursuing international arbitration against the Republic of Congo over investment disputes. With a strong cash reserve of $13.7 million, Equatorial is well-positioned to advance its exploration initiatives and legal proceedings.

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