Ausquest Limited · ASX:AQD
Ausquest — Shareholder Meeting (February 2026)
19 slides from Ausquest's shareholder meeting presentation, Feb 4, 2026
Slide 1: Cangallo Exploration Update – Peru & Australia
AUSQUEST LTD | AUSQUEST. COM. AU For personal use only Cangallo Exploration Update – Peru & Australia MD PRESENTATION – EGM FEBRUARY 2026 ASX:AQD 1
Slide 2: AusQuest Corporate / Management Overview
AusQuest Corporate / Management Overview CAPITAL STRUCTURE BOARD OF DIRECTORS ASX Code AQD Greg Hancock Graeme Drew Christopher Ellis Shares on Issue 1,603.6 million Non-Executive Chairman Managing Director Non-Executive Director For personal use only Options on Issue (listed) Nil SHARE PRICE Option
Slide 3: Cangallo - Location In a Regional Context
PERU CANGALLO - Location In a Regional Context • Large tenement holding - 60km strike along prospective E-W structures For personal use only • Numerous Porphyry Cu & IOCG targets located close to the coast & infrastructure • Cangallo success upgrades potential for further Cu discoveries in AQD tenem
Slide 4: Cangallo Discovery: Location – Location – Location
CANGALLO DISCOVERY Location – Location – Location • Low altitude ~1,200m asl means lower cost structures than at high altitude For personal use only • ~8km from the coast – lower cost structures for process water • Power transmission lines cross the prospect – potential cost savings • 30km from Chal
Slide 5: Cangallo Discovery: Stages & RC Drilling Focus on Scale
CANGALLO DISCOVERY Stages 3 & 4 RC Drilling Focus on Scale • Stage 1 & 2 drilling intersected significant copper from surface to +800m depth — indicates large porphyry system For personal use only • Grades up to 1.1% Cu in tonalite dykes suggest potential for increased Cu grades near centre of the s
Slide 6: What We Have Found - Only The Beginning
CANGALLO DISCOVERY What We Have Found - Only The Beginning Multiple broad intercepts of copper & gold mineralisation including: • 324m @ 0.30% Cu, 0.07 ppm Au (CANRC012), including: 160m @ 0.45% Cu & 0.09ppm Au For personal use only • 330m @ 0.30% Cu, 0.06 ppm Au (CANRC014), including: 178m @ 0.40%
Slide 7: Cross-Sections (DDH) – Copper Open at Depth
CANGALLO DISCOVERY Cross-Sections (DDH) – Copper Open at Depth Section 1 Section 2 For personal use only • Initial diamond drilling (2 holes) extends copper to depths of +800m and extends higher Cu grades from earlier RC drilling. • Copper mineralisation remains open in all directions except to the
Slide 8: Core Photos – Hypogene Mineralisation in Porphyry System
CANGALLO DISCOVERY Core Photos – Hypogene mineralisation in Porphyry System CANDD02 – 581 M CANDD 02 – 581 M Mineralised vein within host For personal use only cpy volcanics showing cpy + pyrite associated with chlorite / sericite within central vein and potassic selvedge CANDD02 – 379 M CANDD 01 –
Slide 9: Lantana: Porphyry Copper Target – Ready To Drill
LANTANA Porphyry Copper Target – Ready To Drill • Located ~30km east of Cangallo • Large scale Porphyry Cu target (~2km x 1km) For personal use only • Strongly mineralised porphyry(s) inferred by high grade surface Cu samples (>1.0% Cu) . • Outcropping Lithocap (AAA) implies preserved porphyry close
Slide 10: Playa Kali: Copper / Gold Targets – Ready To Drill
PLAYA KALI Copper / Gold Targets – Ready To Drill • Located ~15km west of Cangallo • Copper bearing manto (Fe) outcrops (0.14% to 1.96% Cu) located SE of Mina For personal use only Justa copper deposit • Multiple Cu targets defined by magnetics within E-W structural corridor . • Magnetic (manto) tar
Slide 11: Peru Forward Program Timelines
PERU Forward Program Timelines – (next 6 months) 6 Month Work Program Jan Feb Mar Apr May Jun • Stage 1 & 2 drilling at Cangallo tested small fraction of target Cangallo Porphyry Cu-Au area – Cu still open in many For personal use only Stage 3 RC Drill (+12000m) . directions Assays . • Stage 3 RC dr
Slide 12: South32 Agreement
AUSTRALIA South32 Agreement • Strategic Alliance Agreement (SAA) with South32 extended to December 2027 (+10 years) For personal use only • South32 have exclusive rights to AQD Projects • South32 provide funding for selected Projects + 15% Fee • US$4.5M spend on each project earns 70% equity • AQD m
Slide 13: Balladonia – Multiple Targets Planned For Drilling
AUSTRALIA Balladonia – Multiple Targets Planned For Drilling • New drill targets identified from results of 2025 RC drilling program • Multi-element anomalies in For personal use only western-most drill-holes to be tested for Cu-Au potential close to major Fault(s) • Pb-Zn . targets defined by magne
Slide 14: Coober Pedy (SA) – IOCG Targets Ready To Drill
AUSTRALIA Coober Pedy (SA) – IOCG Targets Ready To Drill For personal use only . . • Great Location - Historic drilling (GAWRC001) infers proximity to IOCG system(s) • Gravity & magnetics identify targets close to Elizabeth Creek Fault (inferred) • IP indicates sulphides semi-coincident with magneti
Slide 15: Morrisey – Potential New Magnetite District
AUSTRALIA Morrisey – Potential New Magnetite District For personal use only . . • Midwest Mining District (WA) close to infrastructure • Modelling of magnetic and gravity data in progress to estimate cumulative tonnage from the four prospects to determine the • DTR tests on RC drill samples from 4 m
Slide 16: Mt Davis (WA) – Sediment-Hosted Base Metal Potential
AUSTRALIA Mt Davis (WA) – Sediment-Hosted Base metal Potential For personal use only . . • Initial drill results highlight possibility of sediment-hosted base metals on north side of the Earaheedy Basin • Anomalous metals (Pb) occur below the Frere Iron Formation, in weathered rocks at contact of ca
Slide 17: Australia Forward Program Timelines (6 Months)
AUSTRALIA Forward Program Timelines - (6 Months) • Next 6 months should see completion of 6 Month Work Program Jan Feb Mar Apr May Jun major drilling Balladonia WA (SAA) Pb-Zn, Cu-Au program at Coober For personal use only NT Clearance and access approval Pedy and start of Access preparation . targe
Slide 18: Disclaimers
DISCLAIMERS Forward-Looking Statements This presentation contains forward looking statements concerning the projects owned by AusQuest Limited. Statements concerning mining reserves and resources may also be deemed to be forward looking statements in that they involve estimates based on specific ass
Slide 19: Contact
CONTACT A US Q UEST L IMITED For personal use only Graeme Drew Managing Director 8 Kearns Cres, Ardross, WA, 6153 Tel: +61 (8) 9364 3866 Email: graeme@ausquest.com.au Register here for AusQuest’s InvestorHub www.ausquest.com.au AUSQUEST_LTD AUSQUEST_LIMITED ASX:AQD ASX: AQD | AUSQUEST. COM. AU 19