Equinox Resources (ASX: $EQN) Discovery Update

Equinox Resources Limited (ASX: $EQN) has announced the discovery of new outcropping boulders with the potential to host high-grade hard rock rare earth mineralization at the expanded Campo Grande Rare Earth Project in Bahia, Brazil. The company has significantly expanded its surface field work following the completion of a drilling program at the Rio Negro prospect. Multiple new outcropping boulders have been discovered, and samples have been collected for assaying. Equinox's extensive landholding in the region, including coverage of a large proportion of the critical Volta Da Rio Plutonic suite, positions the company for a potential high-grade hard rock rare earth discovery. Assay results from the Rio Negro drilling program are due imminently, and new areas with high thorium anomalies have been identified, indicating the potential for high-grade rare earth mineralization.

Executive Commentary on Exploration Activities

Equinox Resources Managing Director and CEO, Zac Komur, expressed satisfaction with the progress of the exploration activities at Campo Grande. He highlighted the extensive scale of the project and the significance of the initial Rio Negro prospect, which represents only a small portion of the company's total holdings for Campo Grande. Komur emphasized the need for a systematic geological approach to exploration and expressed full confidence in the geology team's dedication. He also mentioned the discovery of multiple massive outcrop trendlines across the company's tenements, with sampled outcrops awaiting assay results to plan the next steps.

Summary of Equinox Resources Announcement

Equinox Resources Limited (ASX: $EQN) has reported the discovery of new outcropping boulders with the potential to host high-grade hard rock rare earth mineralization at the expanded Campo Grande Rare Earth Project. The company's ongoing exploration activities in the Rare Earth province of Bahia, Brazil, have revealed multiple new areas considered highly prospective for high-grade hard rock rare earth mineralization. The proximity of the Campo Grande Project to Brazilian Rare Earth's prospects does not guarantee prospectivity, but Equinox remains committed to a systematic approach to potentially discover ultra-high-grade rare earths across its extensive tenements. As the company awaits assay results from the Rio Negro drilling program, it emphasizes the need for rigorous laboratory analyses to determine concentrations and grades critical to valuations. Shareholders can expect further updates as data becomes available and exploration progresses.