Equatorial mentions a exploration target of anywhere between 700...

Equatorial mentions a exploration target of anywhere between 700 to 1.2B consisting of DSO and pDSO. Even though pDSO requires some simple benefication its still a premium product. 1BT of premium product is achievable .

Mayoko-Moussondji Iron Project

Potential enriched "hematite cap" iron mineralisation estimated to range between 500 to 900 million tonnes* at a grade of 40% to 65% Fe; and

Badondo Iron Project

200 to 300 MILLION TONNES* of potentially enriched “hematite cap” iron mineralisation at a grade of 40% to 65% Fe; and


DSO (Zone 1): Shallow enriched hematite mineralisation grading above 55% Fe which is capable of producing a
quality saleable iron product after simple crushing and screening;
? pDSO (Zone 2): Enriched loose and friable hematite-magnetite mineralisation with a grade of between 40% Fe
and 55% Fe that has the potential for simple beneficiation to a premium iron product;