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EQN – Barrick Resources (Australia) Pty Ltd

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Company Profile

Barrick Resources (Australia) Pty Ltd, formerly Equinox Resources Pty Limited, is an Australia-based mineral exploration company. The Company is formed for the purpose of acquiring the Hamersley Iron Ore Project. The Hamersley Iron Ore Project is located approximately 60 kilometer (km) north of Tom Price in the Pilbara region of Western Australia and is prospective for iron ore. The Hamersley Iron Ore Project is situated in the central portion of the Hamersley Province. The Hamersley Province contains late Archaean – Lower Proterozoic age sediments of the Mount Bruce Supergroup, which lies between the Archaean granitoid basement complexes of the Yilgarn and Pilbara cratons. The Mount Bruce Supergroup has three constituent groups – the Fortescue, Hamersley and Turee Creek Groups. The Hamersley Iron Ore Project contains two types of iron mineralization: channel iron (CID) and detrital iron (DID).

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