AusQuest Limited

Notice of Annual General Meeting

Explanatory Statement for the AGM to be held on Thursday 26 November 2020

Groundbreaking

OPPORTUNITY

AusQuest Limited is an exploration company targeting new deposits and mineral provinces with major ore potential and the ability to significantly enhance shareholder wealth.

Discover More

Discover our Projects.

The company is currently exploring within Australia and Peru and holds in excess of 8,000 km² of exploration title (granted tenements and tenement applications).

In February 2017 the Company announced a Strategic Alliance with South32 (SAA) who are providing funds to advance selected early stage prospects to the drilling stage with follow-up drilling under agreed joint venture terms. During 2018 the Company received approximately A$9.5M for exploration programs in both Peru and Australia and for ongoing project generation.

The company explores for a range of commodities and mineralisation styles including magmatic nickel-copper-platinum group element sulphides, large porphyry copper and iron oxide-copper-gold, and stratabound base metal deposits. Most of the projects are “greenfields” in nature.

Peru - Copper-Gold

Over the past eight years AusQuest has assembled a world-class exploration opportunity in Peru, South America – one of the world’s most prominent destinations for international copper exploration

Cerro de Fierro

The Project is located in southern Peru ~140km south of the Mina Justa Cu deposit. Drilling in 2018 intersected significant Cu (Au) mineralisation related to a sizeable IOCG system.

Parcoy IOCG Project

The project is located approximately 50km north of Cerro de Fierro within similar volcanic rocks. Rock and soil sampling in 2019 have outlined large areas of highly anomalous Cu (+/- Au) associated with intrusive monzodiorites and the adjacent volcanic rocks.

Balladonia Nickel-Copper Project

The Project is located ~60km south of the Nova–Bollinger nickel-copper deposit and consists of four Exploration Licences covering an area of ~1200 km². Shallow aircore drilling in 2019 identified a base metal target approximately 500m x 200m in size.

Tangadee Zinc Project

The project is located ~50km south-west of Newman close to the eastern margin of the Edmund Basin of WA. Exploration is targeting sediment hosted zinc deposits similar to those found in NW Queensland.

Hamilton IOCG Project

The Hamilton Project is located in NW Queensland approximately 120km south of the Cannington mine and is targeting IOCG style deposits. Phase 1 drilling intersected anomalous copper associated with argillic alteration in the Proterozoic rocks beneath the Cretaceous cover.

Our Geological Consultants

The company comprises a team of highly experienced geologists and geophysicists with a great breadth of technical and managerial expertise across most mineral commodities.

Dr Jim Thornett

B.Sc.(Hons), Ph.D., MAIG, MGSA

Jim’s involvement in mineral exploration and mining spans 40 years, mainly spent using structural and lithostratigraphic mapping and petrology to locate, characterise and understand ore deposits and their environments.

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David Jackson

Ass App Geol, M AusIMM

Dave is a geologist with 40 years experience across a wide range of commodities and in all stages of the exploration process from project generation to open pit and underground mine geology.

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Grant Boxer

FRMIT, MGSA, FAIG (RP GEO)

Grant has 40 years of experience in exploration and mining geology in Australia, Brazil, China, Ireland, and Southern Africa.

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Michael Sherington

B. APP SC, MAIG, MSEG, MAUSIMM

Michael has worked internationally in exploration and mining over the last 25yrs with involvement in grass roots exploration through to project development, mine prefeasibility studies and project audits through a range of commodities.

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Adrienne Meakins

B.Sc., M.Sc (Exploration and Mining Geology), FAIMM, MAMEC

Adrienne is a geologist with 30 years experience in the exploration and mining industry. She has had extensive managerial and technical experience across the spectrum of small to large companies.

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Peter Walker

BSC (HONS), MAIG, MGSA

Peter has over 25 years experience as a mineral exploration geologist and has held positions with major mining companies CRA, Rio Tinto and Vale.

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Richard Hatfield

B.Sc. (Hons), MSc, MAusIMM, MSEG, FGS

Richard is a geologist with more than 25 years experience in exploration and business development activities.

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ABOUT US.

The company is currently exploring within Australia & Peru and holds in excess of 8,000 km² of exploration title (granted tenements and tenement applications).

CONTACT US.

Company office & mailing address:
8 Kearns Crescent, Ardross WA 6153
Email: graeme@ausquest.com.au
Phone: 08 9364 3866
Fax: 08 9364 4892