ABOUT US
Equatorial Resources Limited (“Equatorial”) is an
ASX listed iron ore exploration and development company with two 100% owned
large-scale iron ore projects in the politically stable and investment friendly
Republic of Congo (“ROC”).
Equatorial’s Mayoko-Moussondji Iron Project and Badondo Iron Project are both highly prospective with significant scale potential.
The Mayoko-Moussondji Iron Project has the exceptional advantages of having the potential to produce a premium iron fines product and access to existing transport infrastructure. These advantages create the opportunity for production to commence at a fraction of the capital cost of almost all other African based iron ore developers and producers.
The Project currently hosts a JORC 2012 Hematite Resource Estimate of 182 million tonnes at 35.7% Fe as part of a total JORC Mineral Resource Estimate (hematite and magnetite) of 917 million tonnes at 31.4% Fe (refer ASX Announcement 4 December 2013).
Metallurgical test work demonstrates the potential for the Hematite Resource Estimate to deliver a premium fines product grading 64.1% Fe with low impurities using simple beneficiation techniques. The project has direct access to an operational rail line running directly to the deep-water port of Pointe-Noire, where the Company’s administrative office is located. Equatorial is investigating the potential for early production using the existing rail and port infrastructure that service the project and plans a staged ramp up of operations, recognising the ability for incremental investment to increase capacity over time.
The Badondo Iron Project represents one of the most exciting iron ore discoveries in a region emerging as the “New Pilbara” of Africa. Badondo is surrounded by globally significant iron projects including Sundance Resources’ Mbalam Project, Core Mining’s Avima Project, and the highly prospective Belinga Iron Project in the Gabon. Equatorial has completed a scout drilling program at Badondo that returned intercepts of exceptionally high grade iron demonstrating the potential for the Project to host significant quantities of Direct Shipping Ore (“DSO”) mineralisation. The Company is working on infrastructure solutions which will enable access for large track mounted drill rigs for resource definition drilling.
The Company’s head office is located in Perth, Western Australia with a country office in Pointe-Noire, Republic of Congo and a business development office in London, United Kingdom.
Equatorial is well funded with significant cash reserves and no debt. The Company has assembled an exceptional team of motivated industry leaders under the direction of Managing Director and CEO, Mr John Welborn, and Chairman, Mr Ian Middlemas. Equatorial is focused on the Company’s vision to become a major African iron company.
Equatorial’s Mayoko-Moussondji Iron Project and Badondo Iron Project are both highly prospective with significant scale potential.
The Mayoko-Moussondji Iron Project has the exceptional advantages of having the potential to produce a premium iron fines product and access to existing transport infrastructure. These advantages create the opportunity for production to commence at a fraction of the capital cost of almost all other African based iron ore developers and producers.
The Project currently hosts a JORC 2012 Hematite Resource Estimate of 182 million tonnes at 35.7% Fe as part of a total JORC Mineral Resource Estimate (hematite and magnetite) of 917 million tonnes at 31.4% Fe (refer ASX Announcement 4 December 2013).
Metallurgical test work demonstrates the potential for the Hematite Resource Estimate to deliver a premium fines product grading 64.1% Fe with low impurities using simple beneficiation techniques. The project has direct access to an operational rail line running directly to the deep-water port of Pointe-Noire, where the Company’s administrative office is located. Equatorial is investigating the potential for early production using the existing rail and port infrastructure that service the project and plans a staged ramp up of operations, recognising the ability for incremental investment to increase capacity over time.
The Badondo Iron Project represents one of the most exciting iron ore discoveries in a region emerging as the “New Pilbara” of Africa. Badondo is surrounded by globally significant iron projects including Sundance Resources’ Mbalam Project, Core Mining’s Avima Project, and the highly prospective Belinga Iron Project in the Gabon. Equatorial has completed a scout drilling program at Badondo that returned intercepts of exceptionally high grade iron demonstrating the potential for the Project to host significant quantities of Direct Shipping Ore (“DSO”) mineralisation. The Company is working on infrastructure solutions which will enable access for large track mounted drill rigs for resource definition drilling.
The Company’s head office is located in Perth, Western Australia with a country office in Pointe-Noire, Republic of Congo and a business development office in London, United Kingdom.
Equatorial is well funded with significant cash reserves and no debt. The Company has assembled an exceptional team of motivated industry leaders under the direction of Managing Director and CEO, Mr John Welborn, and Chairman, Mr Ian Middlemas. Equatorial is focused on the Company’s vision to become a major African iron company.
