AusQuest Limited announced that it has received permits to allow drilling operations to commence at its Los Otros Porphyry Copper Project in southern Peru. Los Otros is subject to the Company's Strategic Alliance Agreement (SAA) with a wholly- owned subsidiary of South32 Limited. A Reverse Circulation (RC) drilling program of between 3-5 holes for approx. 1,000m and 1,500m has been designed to provide an initial test of a large porphyry copper target that is located close to the Palaeocene Porphyry Copper Belt of southern Peru, which is the major copper producing region in the country. The prospect is located within 35km of the Cuajone mine (approx. 1.6Bt at 0.6% Cu), 40km from the Quellaveco deposit (approx. 1.3Bt at 0.57% Cu), currently being developed by Anglo American, and approx. 45km from the Toquepala mine (approx. 3Bt at 0.47% Cu), operated by Southern Copper Ltd. The porphyry copper target at Los Otros is associated with an area of advanced argillic alteration (approx. 1km?) that has a Palaeocene age date, similar to the age dates reported for the giant porphyry copper deposits that occur nearby. A drill contract has been finalised with drilling operations expected to commence in December 2021 and take approximately 2-3 weeks to complete. Access preparations are expected to commence in November ahead of drilling.