Equatorial Resources Limited

EQX.ASX

Materials

Mineral exploration

Market Data

Price

$0.170

+0.0%
Market Cap

$22.3M

P/E Ratio

-100000.0x

EPS

$-0.055

Div. Yield

0.00%

52-Week Change

-0.1%

Latest Earnings

March 2026 Quarterly Report

24 April 2026

Equatorial Resources is an exploration-stage company focused on resolving its investment dispute with the Republic of Congo through ICSID arbitration, with final submissions completed and an anticipated award in H1 2027. The company maintains a strong cash position of AUD $7.4 million but faces significant uncertainty regarding its Guinea permits (under government review) and Congo assets (in dispute). With no operating revenues and quarterly cash burn of AUD $642k, the company has approximately 11.6 quarters of funding available at current burn rates. Key points: Completed all required post-hearing submissions in ICSID arbitration against Republic of Congo; tribunal to render final award in H1 2027 (indicative); Strong balance sheet with AUD $7.4 million cash at 31 March 2026 and no debt; sufficient liquidity to fund operations through arbitration conclusion; Tribunal has already ordered Congo to pay AUD $1.2 million for previous hearing postponement costs (accruing interest at 5.10% p.a.)

Recent Announcements

24 Apr 2026 Actual Results Neutral

March 2026 Quarterly Report

Equatorial Resources is an exploration-stage company focused on resolving its investment dispute with the Republic of Congo through ICSID arbitration, with final submissions completed and an anticipated award in H1 2027. The company maintains a strong cash position of AUD $7.4 million but faces significant uncertainty regarding its Guinea permits (under government review) and Congo assets (in dispute). With no operating revenues and quarterly cash burn of AUD $642k, the company has approximately 11.6 quarters of funding available at current burn rates. Key points: Completed all required post-hearing submissions in ICSID arbitration against Republic of Congo; tribunal to render final award in H1 2027 (indicative); Strong balance sheet with AUD $7.4 million cash at 31 March 2026 and no debt; sufficient liquidity to fund operations through arbitration conclusion; Tribunal has already ordered Congo to pay AUD $1.2 million for previous hearing postponement costs (accruing interest at 5.10% p.a.)

Get real-time alerts for EQX

Receive AI-powered earnings summaries and instant notifications when Equatorial Resources Limited releases results.

Register Free