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Ausquest Limited (ASX:AQD)

ALERT: Price-sensitive ASX Announcement for AQD
Current share price for AQD : $0.047 -0.001 (-2.08%)+
Announcement
Release
13 Aug 2026 8:38AM
Price at Release
$0.048
Full Release
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Summary
Ausquest Limited has announced the recommencement of diamond drilling at the Coober Pedy Iron-Oxide Copper-Gold (IOCG) project located at the northern end of the Olympic Dam IOCG Province in South Australia. This exploration activity, under the Strategic Alliance Agreement with South32 Ltd, involves a ~3,500 meter diamond drilling program across ten holes to test magnetic, gravity, and Induced Polarisation targets. The Coober Pedy targets benefit from a relatively thin sedimentary cover, enhancing their accessibility compared to other IOCG targets. The drilling is expected to conclude in four weeks, with results anticipated approximately four weeks thereafter. Managing Director Graeme Drew highlighted the project's potential for significant discoveries due to its location in a region known for major IOCG deposits.
Key Points
  • Recommencement of diamond drilling at Coober Pedy IOCG project.
  • ~3,500m drilling program targeting geophysical and geochemical anomalies.
  • Drilling under Strategic Alliance Agreement with South32.
  • Location in Olympic Dam IOCG Province, South Australia.
  • Thin sedimentary cover of 50m to 150m enhances target accessibility.
  • Expected completion of drilling in four weeks with results four weeks thereafter.
  • Potential for significant discovery given proximity to major IOCG deposits.
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.