Equinox Resources NL

Equinox Resources NL is a medium sized mining and exploration company, with interests across Australia, Sweden and Zambia (Africa). It recently began exploring near the Crocker's Well basement uranium occurrence in South Australia, and has formed a JV with BHP Minerals to further the exploration effort. Known as the Ethiudna Prospect, they hope to find a copper-uranium-gold ore body similar to the Olympic Dam deposit, due to many geologic similarities. Although every exploration company in SA says their next deposit will be a Roxby miracle!!!!

In 1999 and 2000, Equinox and BHP have quietly continued their exploration program. Recently, in August 1999, Equinox acquired a 50% interest in the Lumwana Copper deposit in Zambia, Africa. The Lumwana project is a joint venture with Phelps Dodge. A large'ish but low-grade copper deposit (a smaller and lower grade version of Roxby), it was said to have "significant cobalt, gold and uranium".

Equinox, however, have only recently (Dec. 2000) finally released information on the extent of other metals associated with the deposit. Apparently, the original exploration concentrated on copper and so only a small fraction of drill holes have been assayed for uranium. The current resource is 7.2 Mt of ore at 0.14% U3O8 (containing ~10,080 t U3O8), although about 1.9 Mt of the ore is at 0.2% also (containing ~3,800 t U3O8). For three years production, this gives about 3,600 t U3O8.

Thus Lumwana will be marginal, and Equinox should not be developing a mine there!!

Directors :Craig R Williams (Managing Director - Corporate), Bruce W Nisbet (Managing Director - Technical), David J Martino (Non-Executive)
Contacts :Level 1 / 681 Murray St, West Perth, WA 6005
Ph (08) 9322 3318 - Fax (08) 9324 1195
Website :http://www.eqr.com.au/
Email :equinox@eqr.com.au
Banking Services :Challenge Bank, 109 St George’s Terrace, Perth, WA 6000
ASX Codes :Shares - EQR, Options - EQRO (Home Exchange - Perth, WA)
Annual Reports :Request by Email
ACN :060-581-777
Share Registry :Advanced Share Registry Services Level 7, 200 Adelaide Terrace, Perth, WA 6000
Uranium Prospects :
  • Ethiudna Prospect, SA (50% JV with BHP, see Lake Frome map)
  • Lumwana Cu-Au-U-Co Project, Zambia (JV with Phelps Dodge with 25%)

    • Top 20 Shareholders (28-Sept-2000)

    Company or Entity
    Share (%)
    1
    		AMP Nominees Pty Ltd
    10.16
    2
    		Billiton Exploration Australia Pty Ltd
    9.24
    3
    		B W Nisbet Family Account
    6.84
    4
    		C R Williams Family Account
    6.84
    5
    		Westpac Custodian Nominees Ltd
    6.24
    6
    		Invia Custodian Pty Ltd (Fred a/c)
    2.79
    7
    		ANZ Nominees Ltd
    2.17
    8
    		Finisterre Investments Pty Ltd
    1.40
    9
    		H A Stallman
    1.39
    10
    		KAP Investments Pty Ltd
    1.15
    11
    		Sneath & King Pty Ltd
    1.14
    12
    		National Nominees Ltd
    0.99
    13
    		Citicorp Nominees Pty Ltd
    0.93
    14
    		D W & J E Hosking
    0.92
    15
    		Wapimala Pty Ltd (Lonergan Super Fund a/c
    0.92
    16
    		Acacia Resources (Brocks Creek) Pty Ltd
    0.69
    17
    		Paso Holdings Pty Ltd
    0.66
    18
    		Mainfield Gas & Oil Ltd
    0.64
    19
    		Westpac Custodian Nominees Ltd
    0.55
    20
    		S Purser
    0.53
    Total - 56.19% of Ordinary Shares
    No. of Ordinary Shareholders - 2,342

    Director's Interests
    Share (%)
    Craig R Williams
    6.84
    Bruce W Nisbet
    6.84

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    References - Equinox Resources Annual Reports 1998 to 2000. Plus Mudd (1998).
    Share price graph provided by the Australian Stock Exchange (update for Equinox here).
    Last updated December 13, 2000.
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