AusQuest Limited (AU:AQD) has released an update.
AusQuest Limited reports promising findings at their Waterfall Prospect, part of the Morrisey Project in Western Australia, with preliminary studies showing the presence of coarse-grained magnetite that could lead to a premium iron product. The discovery is consistent with previous high-grade results (>70% Fe) and further test work is underway to assess potential recoveries and product grades, with results expected to influence future project directions.
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