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 an estimated global exploration target of between 2.3 and 3.9 billion tonnes* of iron mineralisation. A maiden drilling campaign commenced during 2011 with initial results confirming the presence of an enriched hematite cap with the potential to host iron mineralisation of DSO grades. An initial resource is expected in 2012. This project has direct access to existing underutilised bulk commodity rail and port infrastructure.

The Badondo Iron Project has an estimated global exploration target of between 1.3 and 2.2 billion tonnes* of iron mineralisation. The Badondo Iron Project is located in a region of globally significant iron projects including Sundance Resources’ Mbarga and Nabeba projects and Core Mining’s Avima Project.
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 more than $70 million in cash and securities and is accelerating drilling and development activity with the ambition to become a major African iron company. 

*Exploration Target: The estimates of exploration target sizes mentioned above should not be misunderstood or misconstrued as estimates of Mineral Resources. The potential quantity and grade of the exploration targets are conceptual in nature and there has been insufficient exploration to define a Mineral Resource in accordance with the JORC Code (2004) guidelines. Furthermore, it is uncertain if further exploration will result in the determination of a Mineral Resource.