Slide 1: AusQuest IMARC Conference Presentation
22 October 2025 AusQuest IMARC Conference Presentation Attached please find a copy of AusQuest’s Managing Director, Mr Graeme Drew’s, presentation at the IMARC Conference in Sydney today. Authorised for release by the Managing Director. Visit Investor Hub for further updates. For personal use only A
Slide 2: AusQuest Limited MD Presentation October 2025
C ANGALLO - PORPHYRY COPPER GOLD DISCOVERY (JAN 2025) PERU For personal use only A USQ UEST L I M I T E D M D P RESENTATION O C T O B E R 2 0 2 5
Slide 3: 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
Slide 4: 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 oxide Copper at shallow depth enhances economic potential • Location: Cangallo occurs at low alti
Slide 5: 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
Slide 6: 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
Slide 7: What Our Drilling Has Found
C ANGALLO – WHAT OUR DRILLING HAS FOUND • Multiple broad intercepts of Copper & Gold 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: 178m @ 0.40% Cu
Slide 8: 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
Slide 9: The Big Picture – Planned Drilling (2025)
C ANGALLO – THE BIG PICTURE - PLANNED DRILLING (2025) • Stages 1 & 2 RC drilling (~8,000m) only tested a small For personal use only fraction of the target area • Mapping & sampling - high Cu, Mo (+ Au) values - extends porphyry target >1200m to the south • Stage 3 RC drilling (~8,000m) to confirm s
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 9
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
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
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
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 13