Equinox Resources secures 12-month option for Alturas Antimony Project

Equinox Resources Limited (ASX:EQN) has secured a 12-month option to acquire the Alturas Antimony Project within British Columbia, Canada. The project comprises three tenements totaling approximately 3 km², featuring ultra-high grade antimony mineralization with significant exploration potential. The favorable option terms allow Equinox Resources to conduct thorough due diligence before committing to the full acquisition.

Equinox Resources Managing Director, Zac Komur, on Alturas Antimony Project

The historic Alps-Alturas Antimony Mine is characterized by exceptionally high antimony grades and presents significant underexplored potential. Initial assessments indicate untapped exploration upside along strike and at depth. This project aligns with our strategic focus on scalable projects in favorable jurisdictions, enhancing our growth prospects. The favorable option terms also provide us with the flexibility to conduct thorough due diligence, ensuring the project meets our investment criteria before committing to full acquisition.

Alturas Antimony Project Summary and Outlook

Equinox Resources has secured a 12-month option to acquire the ultra-high grade Alps-Alturas Antimony Project in British Columbia, Canada. The project features historically mined antimony ore averaging 57.20% Sb, with significant untapped exploration potential along strike and depth. The mineralized shear zone remains open, indicating substantial exploration opportunities. The project's strategic location, favorable geological setting, and strong potential for discovering additional high-grade antimony mineralization position it as a promising target for exploration. The global antimony market's recent disruptions and tightening conditions further underscore the strategic importance of antimony, presenting significant growth opportunities for Equinox Resources. The company's focus on due diligence and exploration activities reflects its commitment to ensuring the project's alignment with its investment criteria. With the project's excellent accessibility and infrastructure, Equinox Resources is well-positioned to capitalize on the potential of the Alturas Antimony Project.