Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
AusQuest Limited ( (AU:AQD) ) has shared an announcement.
AusQuest has secured drill permits for its Playa Kali and Lantana copper-gold projects in Peru, both located within 15–30km of its Cangallo Porphyry Copper discovery. The projects target IOCG-style manto mineralisation at Playa Kali and a large-scale porphyry copper system at Lantana, each supported by encouraging rock-chip sampling and ground magnetic anomalies.
The company will conduct two maiden reverse circulation drilling programs totaling over 8,000m, scheduled to start in the second quarter of 2026 and expected to run for about eight weeks. Success at these high-priority targets could materially enhance the resource potential of AusQuest’s regional landholding and bolster its growth prospects in a key copper-gold district where drilling at Cangallo is already progressing to extend known mineralisation.
More about AusQuest Limited
AusQuest Limited is an Australia-listed mineral exploration company focused on discovering large-scale copper-gold deposits, with a particular emphasis on porphyry and IOCG-style systems in Peru. The company is advancing multiple projects near the Cangallo Porphyry Copper discovery, aiming to expand its resource base and strengthen its position in the Andean copper-gold exploration corridor.
Average Trading Volume: 3,939,342
Technical Sentiment Signal: Buy
Current Market Cap: A$66.74M
For a thorough assessment of AQD stock, go to TipRanks’ Stock Analysis page.