Commercial Credit Report for Equatorial Resources Ltd

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	Equatorial Resources Ltd
Level 9, BGC Centre, 28 The Esplanade
Phone: +61 893226322p:+61 893226322	PERTH, WAS 6000 Australia	Ticker: EQXEQX

Business Summary

Equatorial Resources Limited is an Australia-based company primarily focusing on Africa. The Company is advancing its mineral assets, including the notable Nimba Alliance Iron Ore Project. Its projects also include Badondo Iron Project (Badondo) and Mayoko-Moussondji Iron Project. The Nimba Project covers a large landholding in Guinea's prolific Nimba Iron Ore Corridor and comprises majority ownership of two permits: 100% of the Nimba West permit covering approximately 198 square kilometers (km2), and 56% of the Nimba North permit covering around 107 km2. The Nimba Project is located within a cluster of major iron ore projects where the development of large-scale transport infrastructure to enable efficient economic production is ongoing. Badondo is a potentially large-scale iron project in the northwest of the Republic of Congo, situated within a cluster of world-class iron ore exploration projects. It has retained a 2% royalty on production from the Mayoko-Moussondji Iron Project.

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
Yes	Yes	-	-	-	-	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
12/31/2023	6/30/2023	Yes	-	-	-	-

Industries

SIC Code	Description
1011	Iron ores

Officers and Directors

Title	Name	Age	Title Date	Start Date
Non-Executive Chairman of the Board	Ian P.Middlemas	60	11/5/2009	11/5/2009
Company Secretary	GregorySwan	42	5/26/2010	5/26/2010
Non-Executive Director	Robert A.Behets		2/25/2016	2/25/2016
Non-Executive Director	Mark L.Pearce		6/8/2010	11/5/2009
Non-Executive Director	John P.Welborn		11/30/2023	8/6/2010

Business Names

Business Name
Congo Mining Limited
EqiTX Limited
Equatorial Coal Limited
EQX

General Information

Number of Employees:	15	(As of 6/30/2011)
Outstanding Shares:	131,445,353	(As of 12/31/2023)
Shareholders:	1,354
Stock Exchange:	ASX
Fax Number:	+61 893226558

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