Equatorial Resources (CO1) Stock Price, News & Analysis

Equatorial Resources Limited is an Australia-based iron ore exploration and development company. The Company is focused on the exploration and development of two 100% owned large-scale iron ore projects, which are located in the Republic of Congo (ROC) in the iron ore province of Central West Africa. Its projects include Mayoko-Moussondji Iron Project and Badondo Iron Project. The Mayoko-Moussondji Iron Project (Mayoko-Moussondji) is located in the southwest region of the ROC. Its Mayoko-Moussondji project has probable ore reserves of approximately 38.5 million tons at 42.01% ferrum (Fe), and total indicated and inferred resources of approximately 917 million tons at 31.4% Fe, which includes a hematite resource of approximately 182 million tons at 35.7% Fe. Its Badondo Iron Project (Badondo) is located within the emerging cluster of the Congo craton iron projects in the northwest region of the ROC.