Ausquest Limited · ASX:AQD

Ausquest — Resources Rising Stars Conference (September 2025)

14 slides from Ausquest's conference presentation, Sep 18, 2025

  1. Slide 1: Cangallo - Porphyry Copper Gold Discovery, Peru

    C ANGALLO - PORPHYRY COPPER GOLD DISCOVERY PERU For personal use only A USQ UEST L I M I T E D M D P RESENTATION S E P T E M B E R 2 0 2 5

  2. Slide 2: Disclaimers

    DISCLAIMERS Forward-Looking Statements For personal use only 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

  3. Slide 3: Why Investors Should Pay Attention to Cangallo Discovery

    WHY INVESTORS SHOULD PAY ATTENTION TO CANGALLO DISCOVERY! • Scale Potential: The growing Cu and Au footprint suggests potential for large-scale deposit For personal use only • Grade Profile: Presence of higher Cu grades at shallow depth enhances economic potential • Location: Cangallo occurs at low

  4. Slide 4: Location - Location - Location

    C ANGALLO LOCATION – LOCATION - LOCATION • Low altitude ~1,200m asl means lower cost For personal use only structures than at high altitude • ~8km from the coast – lower cost structures for process water • Transmission lines cross the prospect – potential cost savings • 30km from Chala - ~10K people

  5. Slide 5: Peru – Elephant Copper Country

    P ERU – ELEPHANT COPPER COUNTRY • Large landholding along Peruvian coastal porphyry copper belt For personal use only • Projects 100%-owned by AusQuest • Established mining jurisdiction with multiple new mine developments approved &/or in progress • Access to significant infrastructure along coastal

  6. Slide 6: Drilling – What We Have Found

    C ANGALLO DRILLING – WHAT WE HAVE FOUND • Multiple broad intercepts of copper & gold mineralisation with significant intercepts, including: For personal use only • 324m @ 0.30% Cu, 0.07 ppm Au (CANRC012), including: 160m @ 0.45% Cu & 0.09ppm Au • 330m @ 0.30% Cu, 0.06 ppm Au (CANRC014), including: 1

  7. Slide 7: X-Sections – Copper Open in Multiple Directions

    C ANGALLO X-SECTIONS – COPPER OPEN IN MULTIPLE DIRECTIONS For personal use only • Broad intersections of Cu (0.1% to 1.0% Cu) persist down-hole; mineralisation open in multiple directions; Cu occurs dominantly in veined and fractured volcanics • Higher Cu grades occur in the oxide zone (potential fo

  8. Slide 8: Porphyry Copper Discovery – The Big Picture

    C ANGALLO PORPHYRY COPPER DISCOVERY – THE BIG PICTURE • Stages 1 & 2 RC drilling (~8,000m) only tested a small For personal use only fraction of the target area • Cu (+Au) in 19 of 21 holes drilled – mainly in volcanics • Cu occurs from near surface to EOH in most drill-holes Southern Target • Signi

  9. Slide 9: Planned Drilling Programs (2025)

    C ANGALLO – PLANNED DRILLING PROGRAMS (2025) • RC drilling used to test top 300m of section in search for For personal use only open-cut Cu oxide resources • Stage 3 RC drilling (~5,000m) to extend potential Cu oxide resources to the south based on anomalous surface results. • Deep diamond drilling

  10. Slide 10: Significant Size Potential – Under Cover!

    S IGNIFICANT SIZE POTENTIAL – UNDER COVER! For personal use only ~3km Pacific Ocean CANRC010 RC Drill Rig CANRC001 & 5 Small rounded hills Anomalous Cu & Mo RC Drill Rig 10

  11. Slide 11: AusQuest District Scale Copper Potential

    A USQUEST DISTRICT SCALE COPPER POTENTIAL AusQuest Ltd • Large tenement holding - Parcoy 60km strike along prospective For personal use only Antofogasta E-W structures Rio Tinto • Porphyry Cu and IOCG targets Grupo Mexico located close to the coast & infrastructure • Cangallo success upgrades prospe

  12. Slide 12: Peru – Forward Program Timelines

    P ERU – FORWARD PROGRAM TIMELINES Work Plan Aug Sept Oct Nov Dec Jan Feb • Stage 1 & 2 drill programs at 6 MONTH PROGRAM Cangallo tested small For personal use only Cangallo Porphyry Cu-Au fraction of target area – Cu Stage 2 Assays still open in many directions Diamond Drilling (~1600m) • Stage 3 R

  13. Slide 13: AusQuest Corporate Overview

    AUSQUEST CORPORATE OVERVIEW Capital Structure Board of Directors ASX Code AQD For personal use only Shares on Issue 1,392.4 million Options on Issue (listed) Nil Options on Issue (unlisted)1 153.2 million Market Cap. (at 3.7 cents) $51.5 million Greg Hancock Graeme Drew Christopher Ellis Non-Executi

  14. Slide 14: Contact

    C O N TA C T For personal use only A USQ UEST L I M I T E D Graeme Drew Managing Director Register here for AusQuest’s InvestorHub 8 Kearns Cres, Ardross, WA, 6153 Tel: +61 (8) 9364 3866 Email: graeme@ausquest.com.au www.ausquest.com.au AUSQUEST_LTD AUSQUEST_LIMITED 14

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