Our Projects
The Company is currently exploring within Australia and Peru and holds in excess of 5,000 km² of exploration title (granted tenements and tenement applications).
The Company has a Strategic Alliance Agreement (SAA) with a wholly owned subsidiary of South32 (South32) that has been active since February 2017 (9 years), with South32 providing funds to advance selected early-stage prospects to the drilling stage with follow-up drilling under agreed joint venture terms. During 2025 the SAA was extended for a further 2 year period with a focus on exploration programs in Australia. An administration fee (15%) on all funds expended under the SAA helps to fund ongoing project generation and administration costs of the Company.
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, stratabound base metals, magnetite and Rare Earth Elements. Most of the projects are “greenfields” in nature although initial drilling at several of the Company’s projects has already intersected base metal mineralisation.
Peru - Copper - Gold
Over the past fifteen 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. The Company made a new porphyry copper-gold discovery in January 2025 at its Cangallo Prospect which it is planning to define in more detail over the next 12 to 18 months. All the Company’s Peruvian Projects are 100% owned by AusQuest. The Company remains open to discuss funding opportunities with interested third parties to help explore their projects.
Cangallo Porphyry Cu Project
The Cangallo Project is extremely well located in southern Peru approximately 8km from the coast, and close to infrastructure, including the Pan Pacific Highway and power lines that cross-cut the Project. Geological mapping and rock-chip sampling identified a partially exposed copper (+/- gold) porphyry system within a large-scale (3km x 2km) caldera-like structure. The Project’s maiden RC drilling program identified a new large-scale porphyry copper-gold discovery in early 2025, with broad zones of copper extending from surface to BOH in most drill-holes. Follow-up drilling extended the copper mineralisation to in excess of 1500 metres in length, several hundred metres in width and more than 400 metres in depth extent, outlining a potential oxide resource near surface. Higher copper grades that are emerging from the drilling are related to either supergene effects or hypogene sulphides within narrow intrusive dykes. Further drilling is planned in 2026
Cerro de Fierro IOCG Project
The Project is located in southern Peru ~140km south of the Mina Justa Cu deposit. Drilling has identified both porphyry copper and IOCG style mineralisation.
A large scale (2,000m x 800m) high-priority porphyry copper target has been located at Lantana where numerous highly anomalous copper values (>1.0% Cu) occur marginal to outcropping lithocap. Drill permits are imminent to enable drill testing of the Lantana porphyry copper prospect during 2026.
Copper & gold mineralisation intersected in drill hole CDFDD003 (134m @ 0.38%Cu, 0.2gpt Au) also highlights potential for an IOCG resource.
Playa Kali IOCG Project
The project is located ~20km east of the town of Chala and covers an area along the coast prospective for Manto copper deposits similar to the Mina Justa deposit.
Parcoy IOCG Project
The Parcoy project is located approximately 50km north of Cerro de Fierro. It contains large areas of highly anomalous Cu (+/- Au) within andesitic volcanics and monzodiorite intrusions. Initial drilling confirmed the presence of manto copper and highlighted the possibility of nearby porphyry copper mineralisation.
Balladonia Cu-Pb-Zn-Ni Project
The Balladonia Project is located ~60km south of the Nova–Bollinger nickel-copper deposit and consists of six granted Exploration Licences and 6 applications covering an area of ~1400 km². Exploration under the Strategic Alliance with South32 has identified potential for BHT and IOCG style mineralisation similar to that found in north-west Queensland (Mt Isa Belt) and at Broken Hill in NSW, as well as nickel-copper deposits similar to the Nova Bollinger deposit. Drilling to date has confirmed the wide spread nature of potential BHT host stratigraphy providing further evidence for a district-scale opportunity. Alteration associated with elevated lead, zinc, cadmium and tin points to base metal potential within the targeted stratigraphy at Balladonia. A major RC drilling program (+8000m) is planned in 2026 to test a multitude of magnetic / gravity and VTEM targets for base metal mineralisation.
This project is subject to the SAA.
Morrisey Well Magnetite (Fe), Ni-Cu-PGE Project
The Morrisey Project is located ~200km north-east of the port of Geraldton WA within the high grade metamorphic Narryer Terrane and consists of three granted Exploration Licences (ELs) and one application covering a total area of ~1,130km². Drilling confirmed coarsely crystalline magnetite at the Waterfall prospect that could produce a premium iron product grading >70% Fe over significant widths from a coarse grind (106um, and 75um).
Drilling in 2025 tested magnetic and gravity anomalies outlined by the Company, locating similar mineralisation at another four sites within the area, enhancing the future commercial potential of the project.
This project is subject to the SAA.
Mount Davis Cu-Pb-Zn-Ni Project
The Mt Davis Project is located ~180km NNE of Wiluna, Western Australia, along the northern margin of the Earaheedy Basin. The project was acquired following the discovery of extensive zinc and lead mineralisation by Rumble Resources at its Chinook Prospect, located on the southern side of the Basin. The Mt Davis tenement contains similar stratigraphy and occurs in an area of greater structural complexity which has been reported as an important ingredient in the localisation of higher grades at Chinook. Helicopter EM and soil sampling outlined priority targets for drilling, which subsequently highlighted potential for sediment-hosted base metal mineralisation in the area.
This project is subject to the SAA.
Coober Pedy Copper - Gold Project
The Coober Pedy Project is located on the north-eastern margin of the Gawler Craton in South Australia, approximately 100km NW of the Prominent Hill Copper Gold deposit. The Project was acquired to explore for IOCG deposits following a study of historic drill results which identified IOCG style alteration in a drill-hole associated with strong magnetic and gravity responses SW of Coober Pedy. A MIMDAS Induced Polarisation (IP) survey completed in 2025, identified at least two targets for drilling. An RC drilling program to test a combination of geophysical anomalies is planned for 2026.
This project is subject to the SAA.
Hamilton IOCG Project
The Hamilton Project is located in NW Queensland approximately 120km south of the Cannington mine and is targeting IOCG and BHT style deposits. Drilling to date has identified mineralised BIF sequences and alteration that is interpreted to indicate proximity to possible IOCG mineralisation. Bedrock drilling has been wide spaced and designed to identify alteration footprints associated with potential copper (+/- gold) systems. Targets for additional drilling have been identified.
