Equus Mining Ltd - Advancing Production Upside Potential in an Uncertain Market

Business model

Equus Mining is a junior minerals explorer and producer with an extensive and concentrated portfolio of production, pre-production and exploration assets in a premier precious metals province of southern Chile. The completion of the Cerro Bayo acquisition provides a cashflow base to pursue an ambitious and potentially transformational gold-silver growth strategy. Although the assets can be considered as predominantly early-stage exploration, there are a number of high-value brownfields growth opportunities being evaluated and subject to feasibility studies. The company strategy is to pursue high-grade production through self- funded exploration campaigns aimed at delivering and building upon its existing resource base. Discoveries can be readily tied back to existing plant and associated infrastructure.

A good start on operations and drilling

The first full period of processing lends confidence to operations and with stockpile evaluation studies completed, high-grading of throughput should optimise returns and revenues from this point. Early assay results from drilling around the Taitao and Pegaso targets support the working model that high-grade mineralisation is present at depth and along strike from previous operations. Whilst further drilling is required, the company is on track to potentially move through feasibility studies and into an underground mining phase in an expedited timeframe, subject to successful results.