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EQN - Equinox Resources

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Equinox Resources Limited is a mineral exploration company which has been incorporated for the purpose of acquiring the Hamersley Iron Ore Project, currently held by Pathfinder Resources Limited (PF1) and Lockett Fe Pty Ltd, a wholly owned subsidiary of Cazaly Resources Limited (CAZ).

The Hamersley Iron Ore Project is located approximately 60 km north of Tom Price in the Pilbara region of Western Australia and is prospective for iron ore.

The Hamersley Iron Ore Project is situated in the central portion of the Hamersley Province. The Hamersley Province contains late Archaean – Lower Proterozoic age sediments of the Mount Bruce Supergroup, which lies between the Archaean granitoid basement complexes of the Yilgarn and Pilbara cratons. The Mount Bruce Supergroup has three constituent groups – the Fortescue, Hamersley, and Turee Creek Groups. There are two iron mineralisation zones of interest near-surface, the detrital iron mineralisation and deeper channel iron mineralisation.

EQN will list on the ASX on 13 October 2021.

 

Dona Ferentes

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Listing date13 October 2021 1:00 PM AEDT ##
Company contact detailshttps://www.eqnx.com.au/
Ph: +61 8 6489 0619
Principal ActivitiesMining exploration and development
GICS industry groupTBA
Issue PriceAUD 0.20
Issue TypeOrdinary Fully Paid Shares
Security codeEQN
Capital to be Raised$9,000,000
Expected offer close date05 October 2020
UnderwriterNot underwritten. Canaccord Genuity (Australia) Limited and Sixty Two Capital Pty Ltd (Joint Lead Managers)
 

greggles

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EQN listed today ..... opened at 32c and now 27c

Buy side of the market depth looks strong. Sell side is very thin. EQN looks to be very tightly held. Will be interesting to see how thing develop for EQN in the coming months.
 
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