Equus Mining Limited (ASX:EQE)
Equus Mining Limited (ASX:EQE) is a gold and silver producer with a focus on the historical high-grade gold-silver producing Cerro Bayo mining district in southern Chile.
In December 2021, the Company acquired 100% ownership over the Cerro Bayo Project from Mandalay Resources. This includes ownership of the mine, operational processing infrastructure and 295km2 mining claim package. This transaction marks an important milestone in Equus’ growth from explorer to producer.
The Company has confirmed an Inferred Mineral Resource estimate of 302,000oz AuEq @ 2.5 g/t AuEq at the Taitao Deposit within the Cerro Bayo District.
The Company continues to aggressively advance mine restart studies as well as brownfields and greenfields exploration on high-priority targets as part of a dual track strategy underpinned by production from stockpiles, which was commenced by Mandalay Resources in February 2021.