Explorer to raise A$36m for Congo iron-ore exploration

Mining Weekly reports Equatorial Resources (ASX:EQX) was looking to raise A$36-million through a share placement to fund its planned exploration program in the Republic of Congo.

The article is quoted as saying,

The exploration target is the combination of three main prospects and comprises between 200-million and 300-million tons of potential enriched hematite cap iron mineralisation, and between 1.1-billion and 1.9-billion tons of primary itabirite iron mineralization.

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