Australia-listed Equinox Resources has moved to expand its rare earths exploration footprint in Brazil by applying for a new package of prospective rare earths clay tenements.
This involves submitting strategic pegging applications for a 850 km2 mining rights package to establish the newly defined Mata da Corda project, located in Minas Gerais.
The establishment of the Mata da Corda project is a strategic extension of the recently staked Campo Grande project.
"The Mata da Corda project is not just an expansion, but another leap forward for us. It enhances our presence in Brazil, expanding our reach to an impressive 2 550 km². The project transcends mere geographic expansion – it is a strategic move that positions Equinox as an emerging leader in the global rare earths clay sector, a key industry for the progression of technology and sustainable energy solutions.
“As with Campo Grande, our journey to this new region was also guided by extensive research and diligent analysis of geophysical markers. This preparatory work has been instrumental in leading us to this promising area.
“What excites us most, however, is our plan for 2024. Exploration planning is already under way, and as soon as the tenements are granted as expected in the first quarter of next year, we will be ready to implement our plans and start exploration and drilling at the Mata da Corda and Campo Grande projects,” said CEO Zac Komur.
Besides the National Mining Agency application fee of about A$18 000 and expenses, the company is yet to incur any expenditure related to the Mata da Corda project.