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Ausquest Limited (ASX:AQD)

ALERT: Price-sensitive ASX Announcement for AQD
Current share price for AQD : $0.047 0.003 (6.82%)+
Announcement
Release
8 Jul 2026 8:47AM
Price at Release
$0.044
Full Release
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Summary
AusQuest Limited's maiden drilling program at Playa Kali in Peru yielded promising results that confirmed the area's potential for iron-oxide copper-gold (IOCG) mineralisation. The program revealed significant magnetic anomalies due to an extensive influx of iron and copper, enhancing the region's prospectivity. The wide-spaced drilling intersected highly anomalous copper values, prompting further analysis of geochemical data and magnetic modelling. Significant values of copper and molybdenum were noted, suggesting proximity to IOCG mineralisation. Future exploration will focus on refining targets for further drilling and geophysical surveys.
Key Points
  • AusQuest Limited's initial drilling results at Playa Kali confirmed IOCG-style mineralisation.
  • Magnetic anomalies were found to be associated with significant iron (magnetite/hematite) influx.
  • Wide-spaced drill-holes intersected highly anomalous copper values.
  • A detailed assessment of multi-element geochemical data and magnetic modelling is in progress.
  • Significant copper and molybdenum values were reported, suggesting proximity to IOCG mineralisation.
  • The Playa Kali project covers an extensive magnetic complex interpreted as a manto target for copper and gold.
  • Future steps include further drilling and geophysical surveys to refine targets for diamond drilling.
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.