Equatorial Resources AAQS

What does Equatorial Resources do? Equatorial Resources Ltd is an Australian company operating in the natural resources industry. The company was founded in 2005 and is headquartered in Perth, Western Australia. It is listed on the Australian stock exchange and has a market capitalization of approximately AUD 21 million. Business model Equatorial Resources Ltd's business model is based on the exploration and development of iron ore deposits in Africa. The company specializes in the Republic of Congo (ROC) region and holds several exploration licenses there. History Equatorial Resources Ltd began in 2005 when it was founded to search for iron ore deposits in the Republic of Congo (ROC). Over the years, the company has invested heavily in exploration and development and was able to present an initial resource estimate in 2009. Since then, the company has been working on a feasibility study, which was completed in 2019. The company is currently in the planning phase for the construction of a mine in the ROC. Divisions Equatorial Resources Ltd is divided into several divisions or projects, each involving different iron ore deposits. The main ones are: Mayoko-Moussondji Project: This project covers an area of over 1,000 square kilometers and is located in the northern part of the ROC. Here, the company has discovered high-grade iron ore deposits suitable for mining. The resource estimate for the project is 64.5 million tonnes. Badondo Project: This project is located in the southern part of the ROC and covers an area of almost 1,300 square kilometers. The company has not yet conducted a resource estimate for this project, but there are indications of significant iron ore deposits. Nabeba Project: This project covers an area of over 900 square kilometers and is located in the northwest of the ROC. Here, the company has discovered high-grade iron ore deposits suitable for mining. The resource estimate for the project is 426 million tonnes. Products The main products of Equatorial Resources Ltd are iron ore suitable for mining. These are found in various projects in the ROC and have the potential to be used in the production of steel. In summary, Equatorial Resources Ltd is an Australian natural resources company specialized in the exploration and development of iron ore deposits in the Republic of Congo. The company has several projects in different parts of the ROC and is currently working on the planning and implementation of a mine. The company's main products are iron ore suitable for the production of steel. Equatorial Resources is one of the most popular companies on Eulerpool.