Equatorial Resources (ASX: $EQX) announces positive exploration results

Equatorial Resources Limited (ASX: $EQX) has reported positive first exploration results at the Nimba Alliance Iron Ore Project in Guinea. Recent sampling from priority target areas confirmed high-grade iron mineralisation up to 66% iron (Fe). The project is located in Guinea's prolific Nimba Iron Ore Corridor and covers a large landholding comprising majority ownership of two permits.

Executive Commentary on Exploration Results

The recent sampling results from the Nimba Alliance Project are very encouraging and confirm the presence of high-grade iron mineralisation. The assay results, with iron content up to 66%, demonstrate the significant potential of the project. The proximity to the world-class Nimba Iron Ore project and the planned development of the 'Liberty Corridor' in Liberia further enhance the strategic value of our project. We are excited about the prospects and look forward to advancing the project further.

Summary of Exploration Results and Future Outlook

Equatorial Resources' exploration at the Nimba Alliance Project has yielded positive results, with high-grade iron mineralisation confirmed at priority target areas. The project's proximity to established infrastructure and the planned development of the 'Liberty Corridor' in Liberia provide promising opportunities for future transportation and market access. The company is well-positioned to capitalize on the potential of the project and aims to continue advancing its exploration and development activities in Guinea and the West African region.