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Equatorial Resources (ASX:EQX) will reveal the results of a Scoping Study at its Mayoko-Moussondji iron project in the Republic of Congo after it moves out of a trading halt before Tuesday 16 July.
WorleyParsons was appointed to complete an independent review of Scoping Study methodology, to provide optimisation schedule, and to develop and sign off on finalised capital and operating cost estimates.
The Scoping Study will model a staged development plan and will be based on the maiden indicated and inferred JORC hematite resource 102 million tonnes at 40.6% iron.
The Scoping Study is aimed at demonstrating the Project's ability to rapidly commence production of a premium iron ore product using existing transport infrastructure with relatively modest initial capital investment.
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