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AusQuest updates Cangallo exploration and clarifies status of targets

Story Highlights
  • AusQuest issued an exploration update for its Cangallo project, compiled under JORC standards.
  • The company stressed its targets are conceptual and all cost and schedule figures remain under review.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
AusQuest updates Cangallo exploration and clarifies status of targets

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AusQuest Limited ( (AU:AQD) ) has shared an announcement.

AusQuest Limited has provided an exploration update for its Cangallo project, outlining current activities and reaffirming that all technical information is compiled under JORC Code guidelines by a qualified Competent Person. The company emphasised that its exploration targets are conceptual in nature, with insufficient work completed to define mineral resources or reserves, and noted that cost and schedule estimates remain internal and subject to change as feasibility studies progress.

The most recent analyst rating on (AU:AQD) stock is a Sell with a A$0.04 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 an Australian mineral exploration company focused on identifying and advancing early-stage mining projects. The company targets prospective regions for potential mineral deposits and develops these assets through systematic exploration programs, technical studies and adherence to industry reporting standards such as the JORC Code.

Average Trading Volume: 5,230,619

Technical Sentiment Signal: Buy

Current Market Cap: A$69.95M

See more insights into AQD stock on TipRanks’ Stock Analysis page.

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