InsideGold.com - Equinox Minerals Limited

Equinox Minerals Limited

Symbol

EQN

Float Market Cap

1,897,471,546 as of Sept. 28, 2008

Last Price

2.46 as of Sept. 29, 2008

Outstanding Shares

592,959,858

Keep me informed of Equinox Minerals Limited

Interests are properties owned or managed by the company.

Projects define work being performed on an Interest.

A Company may control many Interests and each Interest may contain many Projects.

Interests

Lumwana Copper Project in Copperbelt, Zambia

Equinox is an international exploration and mine development company actively exploring for base metals, gold and uranium in Zambia, Africa and with interests in Australia and Peru. The Corporation's shares are listed in Canada on the Toronto Stock Exchange and on the Australian Stock Exchange under the symbol "EQN".

The Company’s primary focus is the development of the Lumwana Copper Project in Zambia; the world’s fastest growing copper exporting country.

Situated 220 km northwest of the world renowned Copperbelt, Equinox owns 100% of Lumwana. This is a project of recognized international scale for which the Company is fully funded and in construction. Project financing arrangements in place include a US$583.8 million debt facility, a US$49.0 million cost overrun facility, and equity totalling some US$427 million.

With proven and probable reserves totalling 321 million tones of ore grading at 0.73% copper, Lumwana represents one of the largest fully permitted copper projects in the world currently under construction and the largest new mining project seen in Zambia in 40 years.

The project is expected to process 20 million tonnes per year of ore to produce copper concentrates containing an average of 169,000 tpa (373 million lbs/year) of copper metal over the initial six year period and an average of 122,000 tpa (269 million lbs/year) of contained copper metal over the life of mine (37 years). For the first 5 years, 100% of all scheduled Lumwana production has been contracted to firm “take and pay” contracts with Zambian smelters.

Lumwana construction activities commenced in January 2006 and remain on schedule under a fixed-price, fixed-term EPC contract. Mine commissioning is expected during Q2 2008.

Equinox is progressing towards its objective of operating Africa’s largest copper producing mine and of transforming the Company into a mid-tier copper producer.

For more information visit

www.equinoxminerals.com

Management & Board of Directors

Craig Williams (President and Chief Executive Officer) is a geologist involved in mineral exploration and development for over 31 years, co-founding Equinox in 1993 along with the late Dr Bruce Nisbet. He has been directly involved in several significant discoveries, including the Ernest Henry Deposit in Queensland and a series of gold deposits in Western Australia. Mr Williams and the late Dr Nisbet were jointly awarded "Prospector of the Year" in 1994 by the Australian Association of Mining and Exploration Companies in recognition of their track record of discovery. Mr Williams has extensive corporate management and financing experience.

Peter Tomsett (Non-executive Chairman) is a Mining Engineer (1st Class Honours) and has over 25 years of experience in the mining industry, including 20 years with Placer Dome Inc. ("Placer"). Most recently, he served as President and Chief Executive Officer of Placer until its acquisition by Barrick Gold in January 2006. After starting his career with CRA Ltd. at Broken Hill, Mr Tomsett joined Placer in 1986 in the Project Development group and subsequently held senior executive roles including responsibility for Placer's Asia Pacific region as Executive Vice-President and later also took on responsibility for Placer Dome Africa, which operated mines in South Africa and Tanzania. He was appointed as President and Chief Executive Officer of Placer in September 2004.

David McAusland (Non-Executive Director and Chair of the Corporate Governance & Nominating Committee) is a highly experienced senior executive, lawyer and corporate executive. From 1999 to February 2008, he held the position of Executive Vice-President, Corporate Development and Chief Legal Officer of Alcan Inc. Prior to joining Alcan Mr McAusland was the managing partner of a major law firm.

David Mosher (Non-Executive Director) is President and CEO of High River Gold Mines Limited of Canada which operates gold mines in Canada, Russia and Burkina Faso. He has over 35 years mining experience in Australia, North America, Russia, Asia and Africa with extensive experience in mine development, corporate management and financing.

Jim Pantelidis (Non-Executive Director) is a highly experienced senior executive and is currently Chairman of the Board of Parkland Income Fund and has served as a director of Parkland since 1999. Mr Pantelidis is Chairman and Director of The Consumers Waterheater Income Fund since 2002. From 1999 to 2002 he served as Chairman and Chief Executive Officer for the Bata Shoe Organization. He also spent 30 years in the petroleum industry and was at one time President of both the upstream and downstream divisions of Petro-Canada.

Brian Penny (Non-Executive Director and Chair of the Audit Committee) is Vice President Finance of Western Goldfields Inc and Vice President Finance and CFO of Silver Bear Resources and formerly, Vice President, Finance and Chief Financial Officer of Toronto based Kinross Gold Corporation. He is a Certified Management Accountant (Ontario) and has in excess of 20 years experience of accounting, financial and corporate management, and corporate governance within the mining industry.

Michael Klessens (Vice President Finance and Chief Financial Officer) has over 19 years of experience in the mining industry, particularly corporate and financial management, project financing and the development of mining operations.

Kevin van Niekerk (Vice President Investor Relations & Corporate Development) is an engineer with substantial African experience who manages the Toronto office and the Company's investor relations in North America.

Harry Michael (Executive Director, Vice-President Operations and Chief Operating Officer) is a mining engineer with extensive mine development and operational experience, both within Australia and internationally. Of particular relevance is his experience as CEO of Geita Gold Mining Ltd, one of the largest open cut mines in Africa and as General Manager of the large open cut Iduapriem Gold Mine in Ghana.

Ralph Gibson (Vice President Project Finance) has extensive experience in mining project finance, having worked for financial institutions in Australia and the UK providing debt and hedging facilites to mining companies in Australia, Africa, the former Soviet Union and the Americas.

Robert Rigo (Vice President Project Development) is an engineer with over 29 years experience in the mining and mineral processing industry and particularly the management of major open pit mining operations (Boddington) and feasibility studies (Cadia).

Projects

No projects defined.

Articles and Press Releases

Equinox Releases Positive Lumwana Uranium Feasibility Study

Direct contribution | contributed by nmandryk - Apr 29 - Equinox Minerals Limited

Equinox Minerals Limited (TSX and ASX symbol: “EQN”) ("Equinox" or the “Company”) reports that the uranium feasibility study (“UFS”) at its Lumwana Project located in the North-Western Province of Zambia has been completed.

The Lumwana Copper Project, presently nearing construction completion, was approved on the basis of mining 20 Mt per year of copper ore with any coincident high grade uranium mineralization within the Malundwe and Chimiwungo pits being mined, stockpiled at surface and progressively encapsulated. Equinox is pleased to report that the UFS has demonstrated the economic viability of treating stockpiled uranium ore through a dedicated uranium processing facility.

Uranium Resources and Reserves

In 2007 Equinox completed drilling of the uranium mineralized zones, within the existing Malundwe pit. The data used for resource calculation included 170 new drill holes (including 12 PQ diamond core holes) and 14,183 assay samples collected during the 2007 infill drill program, as previously described in Company press releases dated July 24 and November 14, 2007 (available on the Equinox websiteand SEDAR), and from data already in the Company’s extensive drill database. The Lumwana Project uranium resources are as follows:

Uranium resources at Lumwana at 0.012%U₃O₈ (100 ppm U) cut-off grade

Class	Tonnes (Mt)	Grade U₃O₈%	Grade Cu%	Contained Metal U₃O₈ lbs	Contained Metal Cu tonnes
Malundwe
Indicated	4.7	0.095	0.86	9 920 000	40 800
Inferred	3.9	0.047	0.38	4 009 000	14 800

Chimiwungo
Inferred	2.2	0.056	0.74	2 660 000	15 900

The infill drilling on the Malundwe uranium resource has provided the tight definition required for the selective mining of the uranium ore within the much larger copper mining operation. Although this selectivity, combined with the application of a higher cut-off grade at 0.024% U₃O₈, has resulted in an overall reduced uranium resource within the copper pits, it is consistent with the objective of the selective mining and stockpiling of the Lumwana uranium reserves.

The Lumwana Project uranium reserves and resources within the designed copper pits are as follows:

Uranium reserves and resources within designed pits cut-off grade 0.024% U₃O₈ (200 ppm U)

	Tonnage (Mt)	Grade U₃O₈%	Grade Cu%	Contained Metal U₃O₈ lbs	Contained Metal Cu tonnes
Probable Reserves
Malundwe	3.3	0.123	1.00	9 006 000	32 900
Total Mineral Reserves	3.3	0.123	1.00	9 006 000	32 900

Inferred Resource (within existing pits)
Malundwe	1.0	0.086	0.91	1 893 000	9 100
Chimiwungo	1.4	0.072	0.69	1 583 000	9 500

Equinox believes there is good potential for increasing uranium resources available for treatment from further exploration on both the Lumwana mining lease and the Company’s surrounding prospecting licences. There may also be opportunity to stockpile and process uranium ore below the 0.024% U₃O₈ cut-off grade.

Lumwana Uranium Project Overview

The uranium ore will be mined concurrently with the mining of copper ore from within the existing Malundwe and Chimiwungo pits and stockpiled in a dedicated facility. Following commencement of production from the dedicated and stand alone uranium processing plant (U Plant), the stockpiled uranium ore would be reclaimed and trucked along a dedicated haul road to the U Plant. Neutralized tailings would be stored in a separate uranium tailings storage facility with tailings return water re-used in the U Plant. Existing infrastructure (including waste rock dumps, raw water, potable water, housing, access roads, power supply etc) can be used and supplemented.

A summary of the flowsheet is provided in the diagram below. The U Plant design uses conventional milling and flotation to produce copper concentrate for transport and sale to a copper smelting and refining facility. The U Plant flotation tailings reports to the uranium leach circuit which uses conventional acid leach, solvent extraction, precipitation and calcination to produce uranium oxide.

The uranium ore is proposed to be processed through the U Plant at a rate of 1 Mt per year to recover approximately 2 Mlb per year of uranium oxide (U₃O₈) and 15,000 t of copper concentrate per year. Uranium recovery to uranium oxide is estimated to be 93% and copper recovery to the U Plant copper concentrate is estimated to be 80%.

Marketing and offtake discussions are underway with interested parties. The uranium oxide is planned to be transported under IAEA guidelines and sold consistent with the Treaty on the Non-Proliferation of Nuclear Weapons (NPT).

Lumwana Uranium Processing Plant Summary Flowsheet

Capital and Operating Costs

Capital cost estimates have been prepared by Equinox and its consultants, including Ausenco Services Pty Ltd (“Ausenco”) and Knight Piesold Pty Ltd (“Knight Piesold”). The project capital costs are as follows:

Lumwana Uranium Project – Capital Costs Estimate (+/- 15% Accuracy)

Area	Pre-Production (US$M)	Deferred (US$M)	Total (US$M)
Process Plant	80.3	12.3	92.6
Onsite and Offsite Infrastructure	31.7	0.0	31.7
Tailings and Water Management	8.5	15.1	23.6
Indirects (EPCM)	30.8	0.0	30.8
Process Plant and Infrastructure	151.3	27.4	178.7

Owner’s Costs	14.4	0.0	14.4
Mining	7.8	5.2	13.0
Contingency	26.0	0.0	26.0
Total Below the Line Costs	48.3	5.2	53.5
Closure Costs	0.0	19.8	19.8
Overall Capital Costs	199.6	32.6	232.2

Operating cost estimates have been developed by Equinox, Ausenco and Investor Resources Finance Pty Ltd (“IRF”). Operating costs, for the first four years of operation, are estimated to average $16/lb U₃O₈ without copper credits or $11/lb U₃O₈ including copper credits. These operating costs include marketing, product transportation and product realization costs and exclude royalties.

Project Implementation

An Environmental Impact Assessment (“EIA”) has been prepared for the Lumwana Uranium Project by Knight Piesold. The EIA is being finalized and is expected to be submitted to the Environmental Council of Zambia (ECZ) during May 2008, as part of the permitting process required by the Government of the Republic of Zambia.

Front End Engineering Design (“FEED”) is expected to commence by mid-year and will include detailed engineering design for project implementation. Product marketing discussions and uranium project financing will be conducted concurrent with the FEED and permitting process. On the basis that government and financing approvals are received, it is envisaged that site construction activities may commence during the third quarter of 2008 with the aim of commissioning the uranium processing plant during 2010.

Copper,Diamond,Uranium

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Final Notice For Equinox Minerals Warrant Holders

Direct contribution | contributed by nmandryk - Apr 23 - Equinox Minerals Limited

Equinox Minerals Limited (TSX and ASX symbol: “EQN”) ("Equinox" or the “Company”) advises that its outstanding common share purchase warrants that were issued as part of the Company’s equity offering of units on March 6, 2007 (the “Offering”) will expire at 5:00 p.m. (EST) on May 6, 2008 (the “Expiry”).

The Company gives notice to holders that the exercise conversion process outlined below can take several business days and advises that all un-exercised warrants trading on the Toronto Stock Exchange under the symbol EQN.WT will become worthless following Expiry scheduled for 5:00 p.m. (EST) on May 06, 2008.

Each unit distributed under the Offering consisted of one common share in the capital of the Company and one-quarter of one common share purchase warrant. Each whole warrant is exercisable for one common share in the capital of the Company at an exercise price of Cdn$2.30 per common share. A total of 25,750,506 warrants remain outstanding and the Company will realize aggregate proceeds of Cdn$59,226,164 if all warrants are exercised prior to the Expiry.

To exercise its warrants before Expiry, a holder must surrender through its nominated broker the warrant certificate, together with a duly completed and executed subscription form (as prescribed in the Warrant Indenture which is available at www.SEDAR.com) and a certified cheque, money order or bank draft in lawful money of Canada payable to or to the order of the Company in an amount equal to the price of the common shares being acquired, to CIBC Mellon Trust Company (the “Warrant Trustee”) at the following address:

CIBC Mellon Trust Company

1660 Hollis Street, Suite 406

Halifax, Nova Scotia, Canada

B3J 1V7

The warrant certificate, executed subscription form and funds will only be deemed surrendered to the Warrant Trustee upon personal delivery, or, if sent by mail or courier, upon actual receipt thereof by the Warrant Trustee. Holders wishing to receive CHESS Depositary Instruments upon exercise of their warrants must also submit an executed CHESS Depositary Instrument Application Form, which is appended as Schedule “C” to the Warrant Indenture.

The Warrant Trustee will remit funds to the Company and the requisite common shares in the capital of the Company, or CHESS Depositary Instruments, as applicable, will thereafter be issued and delivered to the Holder’s nominated broker.

Shareholders should consult their own professional advisors for further information regarding this matter.

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Zambia To Start Licensing Uranium Mining

From MineWeb | contributed by feedreader - Apr 22 - Equinox Minerals Limited

Zambia has become part of a larger wave of uranium exploration and mining activity across mineral-rich southern Africa, raising hopes of new jobs for its people and tax revenue from its uranium resource.

Complete story

Uranium

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Equinox Advises Of Forthcoming Warrant Expiry And Provides Notice Of Conversion To Holders

Direct contribution | contributed by nmandryk - Apr 7 - Equinox Minerals Limited

Equinox Minerals Limited (TSX and ASX symbol: “EQN”) ("Equinox" or the “Company”) advises that its outstanding common share purchase warrants that were issued as part of the Company’s equity offering of units on March 6, 2007 (the “Offering”) will expire at 5:00 p.m. (EST) on May 6, 2008 (the “Expiry”).

Each unit distributed under the Offering consisted of one common share in the capital of the Company and one-quarter of one common share purchase warrant. Each whole warrant is exercisable for one common share in the capital of the Company at an exercise price of Cdn$2.30 per common share. A total of 26,197,506 warrants remain outstanding and the Company will realize aggregate proceeds of Cdn$60,254,264 if all warrants are exercised prior to the Expiry.

To exercise its warrants before Expiry, a Holder must surrender through its nominated broker the warrant certificate, together with a duly completed and executed subscription form (as prescribed in the Warrant Indenture which is available at www.SEDAR.com) and a certified cheque, money order or bank draft in lawful money of Canada payable to or to the order of the Company in an amount equal to the price of the common shares being acquired, to CIBC Mellon Trust Company (the “Warrant Trustee”) at the following address:

CIBC Mellon Trust Company

1660 Hollis Street, Suite 406

Halifax, Nova Scotia, Canada

B3J 1V7

The Company gives notice to Holders that the exercise conversion process outlined above can take several business days and advises that all un-exercised warrants trading on the Toronto Stock Exchange under the symbol EQN.WT will become worthless following Expiry.

Holders are once more advised to take the appropriate action well in advance of Expiry, which is scheduled for

5:00 p.m. (EST) on May 06, 2008.

Shareholders should consult their own professional advisors for further information regarding this matter.

On Behalf of the Board of Directors of Equinox:

Craig R. Williams - President & Chief Executive Officer

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