Equatorial Resources Limited (AU:EQX) has released an update.
Equatorial Resources Limited has announced promising assay results from its Nimba Alliance Iron Ore Project in Guinea, revealing high-grade iron mineralization at the D1 Target. The company is preparing for a maiden drill program to further explore these findings, while also actively pursuing international arbitration against the Republic of Congo over investment disputes. With a strong cash reserve of $13.7 million, Equatorial is well-positioned to advance its exploration initiatives and legal proceedings.
For further insights into AU:EQX stock, check out TipRanks’ Stock Analysis page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
