AusQuest Limited is an exploration company targeting new deposits and mineral provinces with major ore potential and the ability to significantly enhance shareholder wealth. Discover More The Company is currently exploring within Australia and Peru and holds in excess of 6,000 km² of exploration title (granted tenements and tenement applications).
The Company has a Strategic Alliance Agreement with South32 (SAA) that has been active for the last six years, with South32 providing funds to advance selected early-stage prospects to the drilling stage with follow-up drilling under agreed joint venture terms. During 2022 the Company received approximately A$7.0M for exploration programs in both Peru and Australia with an agreed administration fee (15%) helping to fund ongoing project generation.
The Company explores for a range of commodities and mineralisation styles including magmatic nickel-copper-platinum group element sulphides, large porphyry copper and iron oxide-copper-gold, and stratabound base metal deposits. Most of the projects are “greenfields” in nature although initial drilling at the Cerro de Fierro and Parcoy projects in southern Peru and recent drilling at the Balladonia Project in WA has confirmed potential for base metal mineralisation in each of these areas.