A gold-silver exploration company primed for transition to a producer at the Cerro Bayo mine district

located within a premier world class epithermal silver-gold district in southern Chile

Equus Mining Limited (ASX:EQE)

Equus Mining is an ASX-listed exploration and development company with its core focus on the historical high-grade gold-silver producing Cerro Bayo mining district in southern Chile (historical production of 650koz Au, 45Moz Ag at average grades of 2.81 g/t Au, 196 g/t Ag).

In October 2021, the Company executed its Option with Mandalay Resources over the Cerro Bayo Project to assume 100% ownership of the mine, operational processing infrastructure and 295 km2 mining claim package from December 1st 2021. This transaction marks an important milestone in Equus’ growth from explorer to producer.

Subsequent to the December 2020 maiden Inferred Mineral Resource estimate of 302,000oz AuEq @ 2.5 g/t AuEq, the Company is aggressively advancing mine restart studies and brownfields and greenfields exploration on high-priority targets as part of a dual track strategy underpinned by production from stockpiles, which commenced by Mandalay Resources in February 2021.