AUSQUEST LIMITED A U S Q U E S T L I M I T E D ( A S X : A Q D )
ersonal use only
SAA EXTENDED FOR TWO YEARS
Drill Targets Morrisey (Ni-Cu-PGE) - Dec 2021
Drilling Fraser Range (Cu-Ni) - Q1 2022
Drilling at Hamilton (Cu) - Q2 2022
Drilling Los Otros (Cu-Au) - Dec 2021
Drilling Peru CDF & PCY (Cu-Au) - H1 2022
AGM November 2021 - MD Presentation
D I S C L A I M E R S
Forward-Looking Statements
onlyThis presentation contains forward looking statements concerning the projects owned by AusQuest Limited. Statements concerning mining reserves and resources may also be deemed to be forward looking statements in that they involve estimates based on specific assumptions. Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward looking statements as a result of a variety of risks, uncertainties and other factors. Forward looking statements are based on management's beliefs, opinions and estimates as of the dates the forward looking statements are made and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments. Data and amounts shown in this presentation relating to capital costs, operating costs and project timelines are internally generated best estimates only. All such information and data is currently under review as part of AusQuest Limited's ongoing development and feasibility studies. Accordingly, AusQuest Limited cannot guarantee the accuracy and/or completeness of the figures or data included in the presentation until the feasibility studies are completed.
useCompetent Person's Statement
The details contained in this report that pertain to exploration results are based upon information compiled by Mr Graeme Drew, a full-time employee of
Au Quest Limited. Mr Drew is a Fellow of the Australasian Institute of Mining and Metallurgy (AUSIMM) and has sufficient experience in the activity which he is ndertaking to qualify as a Competent Person as defined in the December 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Mr Drew consents to the inclusion in the report of the matters based upon his information in the form and context in which it appears.
ersonalJORC - Exploration Targets
It is common practice for a company to comment on and discuss its exploration in terms of target size and type. The information in this presentation relating to exploration targets should not be misunderstood or misconstrued as an estimate of Mineral Resources or Ore Reserves. Hence the terms Resource(s) or Reserve(s) have not been used in this context. The potential quantity and grade is conceptual in nature, since there has been insufficient work completed to defi e them beyond exploration targets and that it is uncertain if further exploration will result in the determination of a Mineral Resource.
Currency
All dollar amounts shown in this presentation are in Australian dollars unless otherwise stated.
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C A P I T A L S T R U C T U R E
AusQuest Limited | Significant Shareholder | ||||
ASX Code | AQD | Chris Ellis (NED) | 21.24% | ||
only | |||||
Directors (Incl C.E.) | 24.15% | ||||
Shares on Issue | |||||
823.1 million | Altor Capital Management Pty Ltd | 3.61% | |||
Options on Issue (listed) | 127.0 million | Asuper Pty Ltd | 1.72% | ||
Market Cap. (at 1.8cents) | $ 14.8 million | Top 20 (approx) | 44.05% | ||
Cash (as at 30 Sep) | ~$4.7M | Directors | |||
use | Greg Hancock | Non Exec. Chairman | |||
Enterprise Value | ~$10.1 million | Graeme Drew | Managing Director | ||
Chris Ellis | Non Exec. Director | ||||
25,000,000 | $0.030 | ||||
ersonalday)pertrded(sharesVlume | End of drilling campaign | ||||
20,000,000 | $0.025 | ||||
$0.020 | |||||
15,000,000 | |||||
$0.015 | |||||
10,000,000 | |||||
$0.010 | |||||
5,000,000 | $0.005 | ||||
0 | $0.000 |
AQD Share Price
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H A M I L T O N - C o p p e r G o l d P r o j e c t ( S A A )
Osborne Mine | Cannington Mine | |
~70km north | ~100km north | |
only | |||||||||
use | |||||||||
166Mt @ 1.1%Cu | |||||||||
0.54gptAu | |||||||||
79Mt @ 260gptAg | |||||||||
7.9%Pb, 5.4%Zn | |||||||||
ersonal | |||||||||
36Mt @ 2.0%Cu | |||||||||
1.0gptAu | |||||||||
• Under cover but close to Cannington - strong incentive for discovery under SAA | |||||||||
• Mineralised BIF intersected by 2021 drilling - similar setting to Osborne Cu Mine | |||||||||
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H A M I L T O N N O R T H - P r i o r i t y D r i l l T a r g e t
use only | ||||
ersonal | BIF | |||
• DHEM & Structure infer nearby Target - Further drilling planned Q2 2022
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Disclaimer
AusQuest Limited published this content on 24 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2021 01:19:07 UTC.
