92 Drill Holes Reveal Broad High-Grade Titanium Zone at 13.9% TiO₂

Strong Titanium Intercepts Confirm Project Potential

Equinox Resources Limited (ASX: EQN) has released assay results from its latest drilling campaign at the Mata da Corda Titanium Project in Minas Gerais, Brazil. The company reported assays from 92 new drill holes totaling 1,305 meters, spanning the Olegario South, Lagoa Formosa, and Patos prospects. These results confirm a broad, near-surface mineralised corridor with high-grade titanium dioxide (TiO₂) intercepts, including standout intervals such as 36 meters at 13.9% TiO₂ and 26 meters at 15.9% TiO₂ from surface.

The titanium mineralisation is hosted within a heavy mineral assemblage dominated by ilmenite, leucoxene, and titanomagnetite. This assemblage is considered high value and amenable to conventional processing methods, which bodes well for future metallurgical recovery efforts. The presence of significant rare earth elements (TREO) and niobium (Nb₂O₅) further enhances the project's multi-commodity potential.

Early-Stage Drilling Covers Small Portion of Vast Project

To date, Equinox has completed over 6,100 meters of drilling, which represents only 6.4% of the total 972.46 square kilometer Mata da Corda project area. The drilling campaign remains ongoing, with further assays pending. The company is actively advancing metallurgical testwork aimed at optimising titanium dioxide recovery to underpin its maiden Mineral Resource Estimate.

Managing Director Zac Komur highlighted the consistency and quality of the titanium grades encountered, emphasizing the scale of the emerging district. He noted that the mineralisation extends laterally across multiple targets and remains open for expansion, suggesting significant upside potential as drilling progresses.

Geological Context and Exploration Methodology

The Mata da Corda project lies within a geologically complex region characterized by volcanic and subvolcanic rocks with kamafugitic affinity. The mineralisation occurs in weathered, clay-rich regolith horizons, which are highly fertile for titanium and rare earth element accumulation. The drilling program employed vertical diamond and auger drilling techniques, providing representative samples for detailed geochemical and mineralogical analysis.

Samples were rigorously collected, prepared, and analysed by SGS Laboratories in Brazil using industry-standard lithium borate fusion and ICP-MS methods. Quality control measures and data verification protocols ensure the reliability of the assay results reported.

Next Steps and Market Implications

With only a fraction of the project area tested, Equinox’s ongoing drilling and testwork could significantly enhance the understanding of the deposit’s scale and grade continuity. The combination of high-grade titanium and rare earth elements positions Mata da Corda as a potentially strategic asset amid growing demand for critical minerals. Investors and market watchers will be keenly awaiting the maiden Mineral Resource Estimate and further metallurgical results that will clarify the project's commercial viability.