Equinox Formalises MoU to Advance Antimony Strategy at Alturas Project

Highlights:

• Equinox Resources signs non-binding MoU with Alaska Antimony Corporation and SB51

• Agreement outlines framework for ore offtake, processing collaboration, and marketing rights

• Exploration activities to continue at Alturas Project with focus on structural mapping and sampling

Equinox Resources (ASX:EQN), listed on the ASX, has entered into a non-binding memorandum of understanding with Alaska Antimony Corporation and SB51 to advance the commercialisation of its Alturas Project in Canada. This agreement positions Equinox within the antimony sector, a segment gaining attention due to growing supply constraints in North America.

Framework for Ore Processing and Offtake

Under the terms of the agreement, the three entities have established a framework to explore offtake and processing avenues for antimony ore extracted from the Alturas site. SB51, a trading group based in Singapore, is to be granted marketing and trading rights over the ore and concentrate. Concurrently, Alaska Antimony, a United States-based downstream processor, will negotiate definitive rights of refusal for ore and concentrate supplies. These negotiations remain subject to due diligence processes, pricing arrangements, and compliance with technical standards.

Focus on Metallurgical Assessment and Technical Suitability

As part of the collaborative effort, the companies will initiate joint metallurgical testing and sample analysis. These procedures aim to verify the compatibility of the Alturas ore with direct shipping and downstream refining processes. Specific assessments will focus on impurity content, smelter qualification, and alignment with established processing flowsheets.

Advancing Commercial Terms and Logistics

Equinox confirms that the parties involved are also in discussions to finalise key commercial terms. These include indicative pricing arrangements, logistics planning, and offtake structuring. The scope of the agreement further allows for the exploration of downstream processing partnerships or infrastructure developments aligned with Alturas production.

Exploration and Survey Plans at Alturas

Equinox outlines a series of technical activities scheduled for the remainder of the year to support the advancement of the Alturas Project. Among the key initiatives is the execution of a LiDAR survey and additional fieldwork aimed at identifying structural controls and refining exploration targets. These steps are intended to provide enhanced geological insights to guide further project development.

Work on Historical Zones and Ore Sorting Trials

The company plans to assess a previously identified open-cut zone to evaluate its relevance in the current development framework. This includes exploration drilling across high-priority zones and conducting early-stage ore sorting and cobbling trials based on materials from the historical pit. The outcomes of these trials are expected to support evaluations of suitable extraction techniques and logistical planning for future ore movements.

Site Preparation and Regulatory Planning

To support upcoming exploration and sampling activities, Equinox will progress with regulatory preparations including a notice of work application. The planned application will encompass exploration drilling, bulk sampling efforts, and arrangements for improved site access. These steps are aimed at ensuring all necessary approvals are in place for continued project execution.

Strategic Collaboration in a Supply-Constrained Market

The managing director of Equinox states that the collaboration with Alaska Antimony and SB51 marks a significant alignment for delivering critical mineral resources to the market. With North America facing one of the tightest supply conditions in recent times, this agreement is positioned within a broader strategy focused on stable and secure mineral sourcing.

Equinox highlights the alignment of geological potential, jurisdictional advantages, and current market timing in progressing the Alturas Project as a contributor to regional supply chains.