BUZZ-Australia's Equinox Resources tanks after regulator denies drilling approval

Reuters

2024-10-28

** Shares of Equinox Resources fall as much as 42.9% to A$0.120, posting their biggest intraday percentage fall ever

** Mineral explorer hits lowest level since July 31, 2023

** Western Australian Minister for Aboriginal Affairs denies approval for proposed infill drilling program on a portion of co's Hamersley iron ore project in Western Australia

** Says co is actively pursuing legal avenues to challenge the decision

** Stock down 30% YTD as of last close

(Reporting by John Biju in Bengaluru; Editing by Lisa Shumaker)

((John.Biju@thomsonreuters.com;))

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