NICKEL – COPPER

(100% AQD – Subject to Strategic Alliance Agreement with South32)

Balladonia ,Western Australia.

The Balladonia Project is located ~60km south of the Nova–Bollinger nickel-copper deposit and consists of seven Exploration Licences covering an area of ~1,400 km²..

The project occurs within a structurally complex region of the Fraser Range Terrain and is centred above a deep regional gravity anomaly (~30 milligals) thought to reflect buried mafic-ultramafic rocks similar to those that host the Nova-Bollinger deposit.

Drilling by the Company to test selected EM/magnetic targets intersected a carbonatite intrusion at one site that was associated with anomalous base metals (Cu, Pb, Zn, Ag), highlighting the potential for further base metals to be found in the area.

A review of the project suggested similarities between Balladonia and the Eastern Succession of north-west Queensland, where iron-oxide copper-gold (IOCG) and Broken Hill Type (BHT) deposits are known to occur. A re-interpretation of magnetic data identified a number of discrete magnetic targets that had not been explored and a program of shallow air-core drilling to obtain bedrock geochemical data over selected targets was agreed under the SAA. This program is expected to be completed during the first half of 2021.  Exploration work at Balladonia is funded under the SAA with South32.

 

Revised 15/02/2021.

Balladonia Regional

Balladonia Magnetics.

ABOUT US.

The company is currently exploring within Australia & Peru and holds in excess of 5,000 km² of exploration title (granted tenements and tenement applications).

CONTACT US.

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

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