AusQuest Limited ( (AU:AQD) ) has shared an announcement.
AusQuest Limited announced that its Mt Davis Base Metal Project in Western Australia has been accepted as a new exploration opportunity under its Strategic Alliance Agreement with South32. The project targets sediment-hosted lead, zinc, and copper deposits, with plans for a Reverse Circulation drilling program to test electromagnetic and geochemical anomalies. This collaboration with South32 allows South32 to earn a significant interest in the project by investing in exploration, potentially enhancing AusQuest’s industry positioning and offering promising prospects for stakeholders.
More about AusQuest Limited
AusQuest Limited is an exploration company operating in the mining industry, focusing on the discovery and development of base metals, including copper, lead, and zinc. The company collaborates with strategic partners like South32 to explore mineral-rich regions such as the Earaheedy Basin in Western Australia.
YTD Price Performance: 160.0%
Average Trading Volume: 18,305,102
Technical Sentiment Signal: Sell
Current Market Cap: A$70.06M
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