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Ausquest Limited (ASX:AQD)

ALERT: Price-sensitive ASX Announcement for AQD
Current share price for AQD : $0.048 0.007 (17.07%)+
Announcement
Release
31 Oct 2025 8:14AM
Price at Release
$0.041
Full Release
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Summary
AusQuest Limited's Quarterly Activities and Cashflow Report for the quarter ending 30 September 2025 highlighted its exploration efforts in Australia and Peru, with notable progress in the Balladonia and Morrisey projects. The company reported a net cash outflow from operations of $512,000 and a net cash outflow from investing activities of $2,914,000. Cash reserves decreased to $3,755,000 by the end of the quarter. They received $35,000 in strategic funding from South 32 and recorded significant exploration advancements at the Cangallo project in Peru. The report detailed financials, including $104,000 in customer receipts and expenditure on exploration and corporate costs.
Key Points
  • AusQuest Limited reported its quarterly activities and cash flow for the quarter ending 30 September 2025.
  • The company focused on exploration activities in Australia and Peru.
  • Significant progress was made in the Balladonia and Morrisey projects in Western Australia.
  • Cash receipts from customers amounted to $104,000 while operating outflows included $88,000 for staff costs and $531,000 for administration and corporate costs.
  • Investments in exploration and evaluation amounted to $2,949,000.
  • Net cash outflow from operating activities was $512,000, and from investing activities was $2,914,000.
  • Cash at the end of the quarter was $3,755,000, down from $7,204,000 at the start of the quarter.
  • Exploration at the Cangallo project in Peru indicated potential for significant mineral deposits.
  • The company received $35,000 in funding from South 32 under the Strategic Alliance Agreement.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.