Australia's Equinox Resources jumps as firm applies for new tenements in Brazil

Eminence Minerals

12/02/2024 03:23

** Shares of Equinox Resources  EQN.AX  rise as much as
10.6% to A$0.260, hitting their highest level since Feb. 2
    ** Stock on track for best day since Dec. 20, 2023, if
current gains hold
    ** Co applies for new package of highly prospective niobium
exploration tenements at an offshore project in Brazil
    ** Co stakes approximately 600 sq km of tenements with
compelling potential for niobium deposits in the Alto Paranaíba
Igneous Province
    ** Province currently accounts for more than 97% of global
niobium production
    ** Co's application signifies further expansion of its
critical minerals portfolio in Brazil
    ** Stock down 21.7% YTD, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))