Equinox Resources (ASX:EQN) drilling update

Equinox Resources Limited (ASX:EQN) has commenced a 4000m RC drilling campaign at the Campo Grade Rio Negro Prospect in Brazil, targeting high grade monazite sands and hard rock hosted rare earths. The company is also conducting auger drilling at Mata da Corda, with initial samples awaiting assay results. Managing Director Zac Komur expressed the company's focus on exploring the highly prospective Brazilian rare earths projects in Campo Grande and Mata da Corda, as well as advancing the Hamersley Iron Ore Project in the Pilbara, Western Australia.

Executive commentary on drilling programs

We remain very focused on rigorously exploring our highly prospective Brazilian rare earths projects in Campo Grande and Mata da Corda. We are also committed to advancing our Hamersley Iron Ore Project in the Pilbara, Western Australia. We are currently drilling at both Campo Grande and Mata da Corda, where we have already seen excellent initial rare earth results and are encouraged by the continued success at both projects. Notably, Campo Grande is located adjacent to the ultra-high-grade rare earth discoveries made by Brazilian Rare Earths (ASX:BRE) at Monte Alto, Pele, and Sulista. Using Brazilian Rare Earths' publicly available drilling data and geophysical assets, we have identified 277 priority targets across Equinox Resources tenements. Furthermore, exploration work in Brazil is far less costly than in other jurisdictions, allowing us to achieve excellent value for our dollars spent in the ground. We look forward to updating the market on the progress of these programs and assay results over the coming months.

Drilling program update and future outlook

Equinox Resources Limited (ASX:EQN) has initiated a 4000m RC drilling campaign at the Campo Grade Rio Negro Prospect in Brazil, targeting high grade monazite sands and hard rock hosted rare earths. The company is also conducting auger drilling at Mata da Corda, with initial samples awaiting assay results. The drilling program at Campo Grande is divided into three strategic zones: Northern, Central, and Southern, with a total of 277 priority targets identified. Equinox Resources plans to execute the drilling program in a phased approach to maximise discovery potential and enhance resource definition. The company remains committed to advancing the Campo Grande and Mata da Corda Projects through a methodical and data-driven approach, leveraging both historical insights and innovative exploration techniques. Equinox Resources anticipates further updates once the assay results from the initial RC drilling are received, which will guide subsequent exploration and development decisions.