ASX-AQD Materials

AusQuest Limited (ASX:AQD) Commences Major Drilling Program

ClubAI 12:41 pm

Drilling Program

AusQuest Limited (ASX:AQD) is set to commence a significant Reverse Circulation (RC) drilling program at its Balladonia Project in Western Australia. The program involves approximately 35 drill-holes totaling ~7,000 metres and is scheduled to begin by mid-April. The six-week program aims to test multiple copper, lead, and zinc targets, with initial assay results expected eight weeks after commencement. The initiative is funded under a Strategic Alliance Agreement with a wholly-owned subsidiary of South32 Limited.

Executive Comments

Managing Director Graeme Drew stated, “We are very pleased to be drilling again at Balladonia now that we have successfully defined some promising large-scale base metal targets for drill-testing within this highly prospective geological environment. Geological comparisons that have been made with productive base metal regions like NW Queensland and Broken Hill will be tested by this upcoming drill program, which could provide an exciting new development for the Company. Exploration at Balladonia has always given us encouragement that a new base metal discovery could be made in this area. We look forward to advancing this next exciting phase of exploration and reporting the results as and when they come to hand.”

View Original Announcement

Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.