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Ausquest Limited (ASX:AQD)

ALERT: Price-sensitive ASX Announcement for AQD
Current share price for AQD : $0.048 0.001 (2.13%)+
Announcement
Release
20 Aug 2026 8:49AM
Price at Release
$0.047
Full Release
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Summary
AusQuest Limited announced the results of its maiden Reverse Circulation (RC) drilling program at the 100%-owned Lantana Copper-Gold Project in Peru. The drilling has confirmed the presence of anomalous copper and high-temperature pathfinder elements, indicating a potential porphyry system beneath the cover to the north and east of the current drill holes. The program, consisting of 9 holes totaling 2,794 meters, identified porphyry-related lithocaps in all drill holes located northeast of a major fault, suggesting the potential for buried porphyry copper systems. The results, which include the presence of multiple narrow dykes and structures with anomalous metals, are encouraging and indicate a strongly mineralized system. Future exploration will focus on geophysical surveys to further identify potential targets for drilling.
Key Points
  • RC drilling confirms presence of anomalous copper and high-temperature pathfinder elements.
  • Potential proximity to a porphyry system beneath the cover at Lantana.
  • 9-hole drilling program identified porphyry-related lithocaps in all holes northeast of a major fault.
  • Multiple narrow dykes/structures show anomalous metals, indicating a mineralized system.
  • Future focus on geophysical surveys to identify targets for further 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.