AusQuest Limited (AU:AQD) has released an update.
AusQuest Limited has launched a significant 3,000m reverse circulation drilling program at its Morrisey Magnetite Project in Western Australia, targeting the expansion of the project’s resource potential. The drilling focuses on areas previously identified with high-grade magnetite, with results expected within weeks, indicating the potential for a substantial iron exploration opportunity. The project, backed by a Strategic Alliance Agreement with South32 Limited, could notably enhance the Midwest mining district’s resources.
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