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79.95
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2,401.90
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41.42
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102.75
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17,597.61
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40,415.44
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39,716.11
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8,198.78
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USD/AUD
0.6690
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67,675.89
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79.95
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Gold
2,401.90
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41.42
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Iron Ore
102.75
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17,597.61
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40,415.44
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Nikkei 225
39,716.11
(0.3%)
FTSE 100
8,198.78
(0.53%)
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0.6690
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Bitcoin
67,675.89
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79.95
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2,401.90
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41.42
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102.75
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17,597.61
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40,415.44
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39,716.11
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8,198.78
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0.6690
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67,675.89
(-1.09%)
Oil
79.95
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Gold
2,401.90
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Lithium
41.42
(1.37%)
Iron Ore
102.75
(-0.71%)
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17,597.61
(-0.22%)
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40,415.44
(0.32%)
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39,716.11
(0.3%)
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8,198.78
(0.53%)
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0.6690
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67,675.89
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79.95
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2,401.90
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41.42
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Iron Ore
102.75
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17,597.61
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40,415.44
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39,716.11
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8,198.78
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79.95
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2,401.90
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102.75
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40,415.44
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39,716.11
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8,198.78
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67,675.89
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79.95
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2,401.90
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41.42
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Iron Ore
102.75
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17,597.61
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40,415.44
(0.32%)
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39,716.11
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8,198.78
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67,675.89
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2,401.90
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41.42
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102.75
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79.95
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102.75
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67,675.89
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79.95
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Gold
2,401.90
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41.42
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Iron Ore
102.75
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Hang Seng
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40,415.44
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39,716.11
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Oil
79.95
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Gold
2,401.90
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Lithium
41.42
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Iron Ore
102.75
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Equus Mining (ASX: $EQE) executes Chilean assets sale

Equus Mining Limited (ASX: $EQE) December 2023 Quarter Update


Equus Mining Limited (ASX: $EQE) is pleased to provide an update on its activities for the December 2023 Quarter. The company executed binding documentation on 1st December 2023 with Mitre Mining Corporation Limited for the acquisition of all the Chilean assets of Equus. Shareholder approval for the sale of the Cerro Bayo, Los Domos, and Cerro Diablo Projects was received on January 29th and January 30th, 2024. The total consideration for the sale is A$5.0 million, comprising A$3.5 million cash, A$0.5 million of Mitre shares, and A$1.0 million deferred consideration in cash or shares, subject to minimum resource and grade milestones at Cerro Bayo within 5 years.

Executive Commentary on Recent Developments


The company has successfully concluded the sale of its Chilean assets, marking a significant step in our corporate strategy. The funds received from the sale will enable Equus to continue its operations and pursue other investment opportunities. We are committed to maintaining transparency and compliance with all regulatory requirements throughout this process.

Summary of December 2023 Quarter Activities and Future Plans


Equus Mining Limited (ASX: $EQE) has executed binding documentation with Mitre Mining Corporation Limited for the sale of its Chilean assets, receiving shareholder approval for the transaction. The total consideration for the sale is A$5.0 million, providing the company with the necessary funds to continue its operations and explore other investment opportunities. The company remains focused on cost-cutting measures and technical work at the Cerro Bayo Project, while no field work is planned for the Los Domos and Cerro Diablo Projects. Equus is actively reviewing other investment opportunities and remains committed to maintaining compliance with regulatory standards.

Sourcehttps://announcements.asx.com.au/asxpdf/20240131/pdf/05zxym0c6ywz3l.pdf

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