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Equinox Resources (ASX:$EQN) charts rare earths course in brazil

Equinox Resources announces rare earth tenement applications in Brazil


Equinox Resources Limited (ASX:$EQN) has submitted strategic pegging applications for a ~1,760km2 Mining Rights package to establish the newly defined 'Campo Grande' Project in Bahia State, Brazil. The company aims to become a major participant in the clay-hosted rare earths global supply chain, with the staking of the new project marking a significant strategic development in Equinox's growth as a diversified global resources company.

Executive Commentary on Campo Grande Project


The Campo Grande Project represents an outstanding and potentially game-changing growth opportunity for Equinox, located in the heart of one of the world's most exciting emerging districts for clay-hosted rare earths discoveries. The staking of these highly strategic tenements represents the culmination of an extensive review of potential business development opportunities in Brazil, including time on the ground visiting prospective tenements. I am thrilled that we've secured this opportunity for our shareholders. Equinox is positioned to become the largest tenement holder within the province once granted, with plans to initiate an auger drilling program in early 2024 following the expected granting of the applications.

Summary of Equinox's Rare Earth Tenement Applications


Equinox Resources Limited (ASX:EQN) has strategically applied for rare earth tenements in Bahia State, Brazil, aiming to become a major participant in the clay-hosted rare earths global supply chain. The company's Campo Grande Project, near the Rocha da Rocha Rare Earths Project, marks a significant strategic development in Equinox's growth as a diversified global resources company. Equinox plans to initiate an auger drilling program in early 2024 following the expected granting of the applications. The company's ambitions include becoming the largest tenement holder in the emerging rare earths province and leading in the discovery and development of critical minerals, positioning itself to deliver value to stakeholders through exploration and development.

Sourcehttps://announcements.asx.com.au/asxpdf/20231128/pdf/05xwgvpxyljzbx.pdf

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