Ausquest Limited · ASX:AQD

Ausquest — Investor Presentation (October 2007)

18 slides from Ausquest's investor presentation, Oct 29, 2007

1. Slide 1: Presentation October 2007

   For personal use only Presentation October 2007

2. Slide 2: AusQuest Structure

   AusQuest Structure For personal use only $5.4m cash (Sept 07) to fund ongoing exploration Capital Structure • Listed Shares (AQD) 126.2m • Listed Options 94.9m (exp 30/11/2009) • Unlisted Options 20.0m (exp Aug-08 to Jun-11) • Market Capitalisation $25.2m ($0.20) Company Board J Innes - (non exec) C

3. Slide 3: AusQuest Projects

   AusQuest Projects For personal use only Beasley Rocklea RockleaFe Fe BeasleyNi-Cu-PGE Ni-Cu-PGE Drummond DrummondGold Gold Plenty PlentyRiver River Table TableHill HillNi-Cu-PGE Ni-Cu-PGE Bellary BellaryNi-Cu-PGE Ni-Cu-PGE Diamantina DiamantinaCu-Au-U Cu-Au-U Sylvania SylvaniaU3O8 U3O8&&NiNi

4. Slide 4: Nickel Exploration Progress

   Nickel Exploration Progress For personal use only • Improved Ni-Cu-PGE sulphide intersections at Beasley; target channel extended • DHEM surveys scheduled for November • Highly anomalous PGEs (2m @ 1g/t) plus Ni & Cu at Bellary; target definition required • Drilling commences at Table Hill

5. Slide 5: Beasley Nickel – 2007 Drilling

   Beasley Nickel – 2007 Drilling For personal use only 2005-06 drill hole Ni-Cu-PGE in soils 2007 drill hole 16 Ni-Cu-PGE Sulphides

6. Slide 6: Beasley Nickel – Drill-Section

   Beasley Nickel – Drill-Section For personal use only

7. Slide 7: Bellary Nickel – Summary

   Bellary Nickel – Summary For personal use only Hardey Prospect Drill-holes Target lithologies Anomalous Pt in soils Gossan

8. Slide 8: Bellary Nickel – Hardey prospect

   Bellary Nickel – Hardey prospect For personal use only ? Target Area Target ?

9. Slide 9: Table Hill - Drilling Program commences

   Table Hill - Drilling Program commences For personal use only EM Target Geology

10. Slide 10: Table Hill – Anomaly – Drill Target

    Table Hill – Anomaly 1 – Drill Target For personal use only Geotem Channel 18 FL 4082 Anomaly 1 FL 40 82 THDD01

11. Slide 11: Sylvania Uranium Project

    Sylvania Uranium Project For personal use only • Widespread airborne uranium anomalies in bedrock and drainage • Anomalous assays from surface ironstones - up to 348ppm U3O8 1640ppm Pb, 0.99% Ce • Secondary uranium potential evident within calcretes in palaeodrainages– surface assays up to 130ppm U3

12. Slide 12: Sylvania Uranium Anomalies

    Sylvania Uranium Anomalies For personal use only

13. Slide 13: Diamantina Iron-Oxide Cu-Au-U

    Diamantina Iron-Oxide Cu-Au-U For personal use only • New gravity data (Govt) highlights potential for large Iron- Oxide Systems on southern edge Mt Isa Block • Modelling infers targets should have high densities (4.0g/cc) and occur below Eromanga Basin sediments (800 to 1000 metres) • The Coinciden

14. Slide 14: Diamantina Gravity

    For personal use only Diamantina Gravity

15. Slide 15: Diamantina Magnetics

    For personal use only Diamantina Magnetics

16. Slide 16: Drummond Gold - Pocket Dam Drilling

    Drummond Gold - Pocket Dam Drilling For personal use only Magnetic model Deep drill hole Gravity model Drill hole

17. Slide 17: Rocklea Iron Drilling

    Rocklea Iron Drilling For personal use only 2005 2006 Diamond Drill-hole

18. Slide 18: Ongoing Work Program 2007

    Ongoing Work Program 2007 For personal use only • Drilling and DHEM at Table Hill Nickel (Oct-Nov) • Drilling at Sylvania uranium (Oct-Nov) • DHEM at Beasley Nickel (Oct-Nov) • Complete drilling at Drummond Gold (Oct-Nov) • Gravity Survey at Diamantina (Nov) • Test work on Rocklea iron core (Nov-Jan

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