Equinox Resources Limited (ASX: EQN) has identified multiple outcrops and saprolitic rare earth sand and clay formations across targeted tenements at its recently established “Campo Grande” Rare Earths Project in Brazil.
The Campo Grande Project covers an area of 1,755.2 sq. km and the company has strategically staked areas within the region for future conversion into commercial operations, avoiding environmentally sensitive areas in the region in order to de-risk the project with regard to obtaining future mining approvals.
“Our exploration team has been working tirelessly in the field to lay the groundwork for our upcoming drilling campaign. They have uncovered multiple outcrops, identified through geophysical anomalies, across our highly prospective tenements. In preparation for drilling, the team has hosted several contractors and engaged with landowners, effectively setting the stage for the next phase of our project,” CEO, Zac Komur, said.
“As we evaluate drilling proposals, our focus remains sharply on safety and productivity. We are committed to partnering with a team whose expertise and innovative approaches will maximise the efficiency of our drilling campaign. This dedication to productivity is crucial for accelerating our exploration efforts and unlocking the vast potential within our tenements.
“Our tenement team has meticulously worked to complete all necessary environmental steps, ensuring we are fully prepared to commence drilling on the project. Their diligence underscores our commitment to responsible exploration.
“The region is rapidly becoming recognised as an epicentre for rare earth elements, thanks to its unique mineralisation profile that includes some of the highest reported hard rock grade, monazite sand, and ionic adsorption clay. This complex weathering profile illustrates the gradual transition of REE elements from the host hard rock to sand and then to clay over millions of years. Such diversity opens up a wide array of downstream opportunities for us to pursue and bolsters our confidence in the project's potential.”
