Company Information for Equinox Minerals Ltd

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Company Statement

Equinox is an international exploration and mine development company, dual listed on the Canadian (Toronto) and Australian stock exchanges (Symbol: ‘EQN'). Equinox is building a mid-tier copper mining company to produce cash flow to sustain further exploration and growth and to maximize shareholder returns through capital appreciation. Equinox has active programs in Zambia, Australia and Peru.

Current Operations

Global Development

Equinox's global exploration strategy is focused on five styles of mineral deposits:

• Copperbelt-style copper-cobalt mineralization in the Zambian Copperbelt region;
• Uranium mineralization in Zambia;
• Epithermal gold and base metal mineralization in Peru;
• Iron oxide copper-gold ('IOCG') mineralization in South Australia, and Sweden (Joint Ventures); and
• Nickel sulphide in Western Australia (Liontown Resources Limited).

Mining Development
Situated 220 km northwest of the renowned Zambian Copperbelt, Lumwana hosts a Measured and Indicated Mineral Resource of 269 million tonnes of ore grading at 0.8% copper. This represents one of the largest copper projects anywhere in the world currently advancing towards production. The optimized development plan envisages processing 20 million tonnes per year of ore to produce copper concentrates over a 17 year mine life.

The Definitive Feasibility Study (‘DFS') completed in late 2005 by Equinox and its consultants GRD Minproc, Golder Associates Pty. Ltd., Investor Resources Ltd and Knight Piesold Pty. Ltd. updated and optimized the 2003 Bankable Feasibility Study.

The DFS now forms the basis for Lumwana project implementation.

There is significant potential to extend the proposed mine-life and there is further opportunity for additional revenue from credit metal by-products of cobalt, sulphuric acid and uranium.

Beginning in late 2007, Lumwana will start to fill the copper supply gap.


Exploration
Equinox has been strongly focused on the development of the Lumwana Project for the last few years, in 2006 the Company will re-invigorate its exploration effort, especially in Zambia.

Lumwana Exploration
The Mwombezhi Dome, host of the Lumwana Copper Project, is one of the most prospective regions in Zambia for large-scale, copper-cobalt deposits of the Copperbelt style. In late 2004, Equinox demonstrated the success of its exploration strategy with the announcement of the ‘blind' discovery at Chimiwungo North, the first new discovery in the Lumwana region in over 40 years. Modern geological concepts utilized by Equinox at Lumwana including the application of high-resolution aero-magnetics and detailed induced polarization (‘IP') geophysical surveys were critical in Equinox's success. Equinox is applying these modern exploration techniques and concepts in a strategy to maximize its opportunity in some of the most prospective parts of the Central African Copperbelt.
Equinox has identified over 25 targets at Lumwana, only 3 of which have been drill tested to date. One of these targets resulted in the Chimiwungo North discovery, 300 metres north of the proposed Chimiwungo open pit. Equinox considers Chimiwungo North and other ‘near mine' targets as having significant potential to be developed into resources, which could be exploited at an early stage of mine development.

Zambia :
Copper-Cobalt Projects
Apart from Lumwana, Equinox controls 100% of prospective tenements covering 19,300 km2, located predominantly in North Western Zambia and on the Copperbelt, referred to as the Zambezi Project. Equinox controls extensive ground positions over 3 of the 4 mineralized ‘domes' in Zambia.
In the Kafue Dome of the Copperbelt the Kitwe-Mwekere properties adjoin many of the current major Copperbelt mining operations. The most highly prospective targets within these tenements, including the Ndola West, Ngala and Mwekere prospects are in the Lower Roan sequence which extends for approximately 90km along the border between Zambia and the Democratic Republic of Congo (‘DRC'), between the leases surrounding the Bwana Mkubwa Mine (First Quantum Minerals) in the southeast, to the Mufulira Mine (Mopani Copper Mines) in the northwest. This sequence also hosts a number of recent discoveries, including the Frontier (previously Lufua) and Nina prospects of First Quantum that are located within 2km on the DRC side of the border. Equinox controls most of the ground on the Zambian side of the border.

Australia :
Nickel Sulphide and Iron Oxide Copper-Gold Projects
Equinox is operating the Cowan Nickel Joint Venture with Bullion Minerals Ltd in the Yilgarn Province of Western Australia, focused on nickel sulphide mineralization of the Kambalda-style.

Equinox is exploring for iron oxide copper-gold (‘IOCG') mineralization in the Cloncurry region of North Queensland, the Gawler and Curnamona Cratons of South Australia.

Peru :
Epithermal Gold and Base Metal Exploration
The Equinox activities in Peru are through a 70% equity interest in Alturas Minerals SRL (‘Alturas') which holds a portfolio of highly prospective gold and base metal projects in Peru. Alturas is at an advanced stage of seeking a listing on the TSX-V stock exchange in Canada.

Geographical Spread

Equinox activities are managed on a global basis from Perth, Western Australia but operate in three main geographical areas namely Australia, Zambia and Peru.

Board of Directors and Key Management

Mr Peter Tomsett	(Director, Non Exec. Chairman)
Mr Craig Williams	(Executive Director, CEO)
Mr Brian Penny	(Non Exec. Director)
Mr David McAusland	(Non Exec. Director)
Mr Jim Pantelidis	(Non Exec. Director)
Mr David Mosher	(Independent Director)
Mr Harry Michael	(Chief Op. Officer)
Mr Michael Klessens	(CFO)

Company Address Ground Floor 46 -50 Kings Park Road West Perth Western Australia, Australia 6005 Telephone: +61 (0) 8 9322 3318 Facsimile: +61 (0) 8 9324 1195 Email: equinox[at]equinoxminerals.com Website: http://www.eqr.com.au

Additional Address/Key Contact 155 University Avenue Suite 1701 Toronto ON M5H 3B7 Canada Telephone:  1 (416) 865 3393 Facsimile:     1 (416) 865 3394

Capital Shares Issued - 339 million Fully Diluted - 367 million

Annual General Meeting November

Year End June 30

Broker/Analyst Reports

03/08/07 - Griffiths McBurney
09/07/07 - Blackmont Capital
26/06/07 - Griffiths McBurney
13/06/07 - Paradigm Capital Inc.

Related News

14/10/08 - Equinox Minerals Now On Verge Of Copper Production
17/04/08 - Equinox Will Soon Have The Largest Producing Copper Mine in Africa, Not To Mention A $1.5bn Uranium Stockpile
20/08/07 - Equinox Ponders Its Uranium Surplus
10/01/07 - Equinox Minerals Moves Up To The Middle Of The Pack

Most Recent Statement

20/11/08 - Equinox Accepts Handover of Lumwana Processing Facilities
20/11/08 - AAX: Lumwana Copper Plant Handed Over
13/11/08 - Equinox Releases Results for Quarter Ended September 30, 2008
13/11/08 - Results for Quarter Ended September 30, 2008
08/10/08 - Lumwana Primary Crushing Commences and 1st Electric Face Shovel Commissioned
02/10/08 - Secures new Debt Facility and insurer Fire Indemnity