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AusQuest Limited ( (AU:AQD) ) has issued an announcement.
AusQuest Limited advanced its flagship Cangallo copper-gold project in Peru during the December 2025 quarter, with Stage 3 reverse circulation drilling extending the porphyry system more than 500 metres to the south and diamond drilling confirming mineralisation to depths exceeding 800 metres, including a 555-metre intercept grading 0.26% copper and 0.06g/t gold from near surface. The company raised $10 million in a placement to accelerate and expand drilling at Cangallo, initiated permitting for further RC drilling and additional Peruvian copper prospects, and progressed a suite of Australian projects, including new drill programs at Balladonia, high-grade magnetite results at Morrisey, planned IOCG drilling at Coober Pedy in Q2 2026, and reconnaissance drilling at Mt Davis, while also extending its Strategic Alliance Agreement with South32 to December 2027, underscoring continued funding support and exploration momentum across its portfolio.
The most recent analyst rating on (AU:AQD) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on AusQuest Limited stock, see the AU:AQD Stock Forecast page.
More about AusQuest Limited
AusQuest Limited is a mineral exploration company focused on discovering large-scale copper, gold, base metals and iron ore deposits, with a key portfolio of copper-gold prospects along Peru’s southern coastal belt and multiple projects in Australia targeting copper, zinc, nickel, gold and magnetite iron. The company operates both wholly owned projects and those under a Strategic Alliance Agreement with a South32 subsidiary, positioning it within early-stage, high-potential exploration plays supported by established infrastructure and strong counterparties.
Average Trading Volume: 3,833,658
Technical Sentiment Signal: Buy
Current Market Cap: A$115.2M
See more data about AQD stock on TipRanks’ Stock Analysis page.