Equinox Resources Limited has reported the successful completion of a maiden drilling campaign at its Mata da Corda Titanium Project in Minas Gerais, Brazil. The drilling program, which included both diamond and auger operations, focused on several prospect areas and has revealed encouraging high‐grade titanium dioxide (TiO₂) mineralisation. Notably, assays from 39 new drill holes at the Pindaibas Prospect, over a total of 725.15 metres, averaged 11.6% TiO₂, with several intercepts from surface mineralisation reaching up to 16.17% TiO₂. These significant intercepts also recorded notable values for total rare earth oxide (TREO) and niobium oxide (Nb₂O₅), reinforcing the presence of a laterally extensive, near-surface heavy mineral assemblage dominated by ilmenite, leucoxene, and titanomagnetite. In addition to the technical highlights from the Pindaibas Prospect, the drilling campaign at Mata da Corda has accumulated 6,359 metres of drilling across its key target areas. The programme is designed to provide robust geological data and optimise titanium recovery through ongoing test work, laying the groundwork for the imminent maiden Mineral Resource Estimate. Detailed technical protocols were followed with high standards in sampling, assay processing, and data verification under the JORC Code guidelines, ensuring that the results are both reliable and reflective of the project’s true potential. The news is met with both bullish and cautious sentiments. On the bullish side, the consistent high-grade profiles across the drill intercepts and the broad, near-surface mineralisation provide an encouraging signal for the project’s potential as a significant titanium and critical minerals resource. This, coupled with the company's systematic approach and rigorous compliance with industry standards, has spurred confidence in the exploration outcomes and the prospect of upward value progression. However, a bearish perspective might highlight that these results remain within the exploration stage and that final assay outcomes and further geological analyses are still pending. The inherent risks in early-stage exploration and the absence of a confirmed Mineral Resource Estimate suggest that while the outlook is promising, the project’s ultimate economic viability remains to be fully demonstrated.