• Equinox Resources drills 64 holes at its Campo Grande rare earths project over highly anomalous areas
• Another 45 diamond and 104 auger holes drilled at the Mata da Corda titanium project to define maiden resource
• Assays from drilling expected from late December 2024 to early February 2025

Special Report: As 2024 draws to a close, Equinox Resources has been steadily advancing drill campaigns across its Campo Grande rare earths and Mata da Corda titanium projects in Brazil.

At Campo Grande in Bahia state, it drilled 64 holes over the Rio Negro, Central Block and Northern Block prospects that had been identified by an independent assessment of the region.

Equinox Resources (ASX:EQN) has also completed 45 diamond and 104 auger holes under a program aimed at delivering a maiden resource for Mata da Corda in Minas Gerais.

Earlier this year, metallurgical testing of material collected during scout drilling at Rio Negro confirmed the prospect not only hosts much-sought-after ionic adsorption clay-hosted rare earths but is also capable of high recoveries of valuable magnet REEs like neodymium, praseodymium, dysprosium and terbium.

Meanwhile, drilling to date at the Patos and Pindaibas prospects covers just 1.4% of the 980km2 Mata da Corda project.

Rare earths drilling

At Rio Negro, the company drilled 14 additional reverse circulation holes targeting highly anomalous areas that were identified by scout drilling. Assays are expected in late December 2024.

EQN also completed 27 auger and three RC holes targeting high-priority zones identified through surface geochemical anomalies and geophysical mapping at the Central Block, which is north of Brazilian Rare Earths’ (ASX: BRE) Pele project.

Assays from this drilling is expected between late December 2024 and early January 2025.

At the Northern Block, nine RC and 11 auger holes were completed in key high-priority zones with samples to be sent to laboratories before Christmas and results expected between late January and early February 2025.

Going for titanium

EQN expects to receive assays for the 45 diamond and 104 auger holes it drilled at Mata da Corda between late December 2024 and early January 2025.

It remains on track to deliver a maiden resource estimate supported by drill data and metallurgical testing in H1 2025.

Comprehensive studies are also underway to characterise the heavy mineral sands, optimise extraction processes for titanium minerals, and develop a conceptual flowsheet for a potential processing plant.

Results for this work, which will guide future development plans, are anticipated by late January 2025.

This article was developed in collaboration with Equinox Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.