AusQuest Limited (AU:AQD) has released an update.
AusQuest Limited has reported a successful drilling program at the Morrissey Project in Western Australia, encountering significant zones of coarse-grained magnetite at shallow depths. The mineralization extends over a 750-meter strike and remains open in all directions, with assay results and further beneficiation tests pending. This discovery was funded under a Strategic Alliance Agreement and shows promise for future resource development.
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