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An update from AusQuest Limited ( (AU:AQD) ) is now available.
AusQuest Limited has initiated a significant Reverse Circulation (RC) drilling program at its Morrisey Magnetite Project in Western Australia, targeting new magnetic and gravity anomalies similar to those at the Waterfall Prospect. This program, funded under a Strategic Alliance Agreement with South32 Limited, aims to assess the magnetite potential and commercial viability of the area. The drilling is expected to take four weeks, with results anticipated within 6-8 weeks post-completion. Previous findings at the Waterfall Prospect indicated the potential for producing a high-grade iron product, underscoring the project’s commercial promise.
More about AusQuest Limited
AusQuest Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in identifying and evaluating potential mining projects, with a particular emphasis on magnetite resources in Western Australia.
Average Trading Volume: 5,456,206
Technical Sentiment Signal: Buy
Current Market Cap: A$76.41M
See more data about AQD stock on TipRanks’ Stock Analysis page.