AusQuest (AQD)

Shares / Stock Code

AQD

Stock Exchange / Sharemarket

ax

AusQuest (AQD) is a mineral exploration Company primarily focused on the nickel sulphide and gold deposits across Australia. During the fiscal 2007, the Company’s principal operations were the exploration of the iron and nickel ore deposits located in the Pilbara region of Western Australia. Core projects of the Company are Drummond, Horsetrack, Table Hill, Antrim, Beasley, Plenty River, Bellary, Rocklea and Sylvania. AusQuest listed on the Australian Stock Exchange on 25th November, 2003. The Company started a reverse circulation (RC)/diamond drilling program of about at least 6,000 metres in April 1997, in order to test its portfolio of nickel projects in the Pilbara region for the several nickel sulphide targets as specified by the airborne and/or ground electromagnetic (EM) surveys. The Company completed 16 holes in total for 3,700 metres as of June 30, 2007.

The Beasley project holds three exploration licences which cover an area of 150 square kilometers and it is situated in the Pilbara region of Western Australia. Its Bellary project is believed to be rich in nickel-copper-platinum group elements (PGE) province. Its Table Hill project, located in the Trainor Hills region, has 12 Exploration Licences which cover 1,350 square kilometers. AusQuest has formed collaboration with Falconbridge, which is the third largest nickel producer of the world, over its Table Hill project. Apart from financially supporting the exploration activities, Falconbridge can offer a high degree of technical expertise in both the exploration and development of new nickel ore bodies.

AusQuest History

AusQuest was created on 15 February 2000 by an experienced team of explorers, with a vision to identify major new nickel sulphide and gold deposits across Australia. The Company has defined several exploration projects in areas that are believed by directors to be highly prospective for the discovery of first grade deposits and new mineral provinces. AusQuest is aimed at identifying high-value resources that can prove economically beneficial to the Company and that can present substantial opportunities to increase shareholder value. AusQuest listed on the Australian Stock Exchange on 25th November 2003.