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AusQuest Limited ( (AU:AQD) ) has provided an update.
AusQuest Limited announced significant findings from its Morrisey Magnetite Project in Western Australia, where recent drilling has intersected substantial zones of coarse-grained magnetite across multiple prospects. These results suggest the potential for producing a high-grade iron product, similar to previous findings at the Waterfall Prospect. The company is conducting further tests to determine the quality of the magnetite, with results expected in the coming weeks, which could enhance its market position and offer promising opportunities for stakeholders.
More about AusQuest Limited
AusQuest Limited is a company operating in the mining industry, primarily focused on the exploration and development of mineral resources. The company’s main product is magnetite, a magnetic iron mineral, and it is actively engaged in projects located in the Midwest mining district of Western Australia.
Average Trading Volume: 3,525,567
Technical Sentiment Signal: Buy
Current Market Cap: A$62.66M
Learn more about AQD stock on TipRanks’ Stock Analysis page.