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AusQuest Limited ( (AU:AQD) ) has provided an update.
AusQuest Limited has extended its Strategic Alliance Agreement with South32 Limited for an additional two years, continuing their collaboration until December 2027. This partnership allows AusQuest to advance exploration projects to a drill-ready stage with funding from South32, which can earn a 70% interest in each project by investing US$4.5 million. The extension of this agreement highlights the successful collaboration between the two companies and reinforces AusQuest’s position in the exploration industry, potentially benefiting shareholders through continued project development and exploration success.
More about AusQuest Limited
AusQuest Limited is an exploration company focused on developing high-potential mineral deposits in Australia, particularly targeting copper and zinc, with potential for associated gold and silver credits. The company leverages its expertise to generate early-stage exploration opportunities, which are offered exclusively to South32 under a Strategic Alliance Agreement.
Average Trading Volume: 2,694,566
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$69.01M
See more insights into AQD stock on TipRanks’ Stock Analysis page.