Ausquest Limited · ASX:AQD
Ausquest — Critical Minerals Conference 2025
16 slides from Ausquest's conference presentation, Apr 29, 2025
Slide 1: Cangallo - Porphyry Copper Gold Discovery
CANGALLO - PORPHYRY COPPER GOLD DISCOVERY For personal use only A USQ UEST L I M I T E D M D P RESENTATION A P R I L 2 0 2 5
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
Slide 3: Investment Highlights – Peru Projects
INVESTMENT HIGHLIGHTS – PERU PROJECTS • Maiden drill program confirms significant new porphyry copper discovery Significant new porphyry • Mineralisation from surface with all drill holes intersecting copper & gold For personal use only copper discovery at • Drilling tested very small fraction of th
Slide 4: Peru – Elephant Copper Country
PERU – 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 5: Significant Porphyry Copper-Gold Discovery
SIGNIFICANT PORPHYRY COPPER -GOLD DISCOVERY • Maiden RC drilling program (8 holes / ~3,000m - spaced ~300m For personal use only apart) intersected Cu-Au in all drill-holes • Cu-Au mineralisation intersected from near surface to EOH in 6 of 8 holes drilled • Large Caldera - prospective target area (
Slide 6: Extensive Mineralisation from Near Surface
EXTENSIVE MINERALISATION FROM NEAR SURFACE • Multiple broad intercepts of significant copper and gold mineralisation with significant intercepts, For personal use only including: • 304 metres @ 0.30% Cu, 0.06ppm Au from 34m (CANRC008), including: • 28 metres @ 0.56% Cu and 0.03ppm Au • 56 metres @ 0
Slide 7: Cangallo Drill Cross Sections
CANGALLO DRILL CROSS SECTIONS 300m • Cu values from 0.1% Cu to 1.0% Cu (numerous Cu values in excess of 0.3%Cu) - Au credits (av ~0.06ppm Au) For personal use only • Cu oxides at shallow depths – provide Heap Leach option • Higher Cu grades associated with thin porphyry intrusives – most Cu occurs i
Slide 8: Significant Size Potential
SIGNIFICANT SIZE POTENTIAL For personal use only Area Drilled Extensive Cover ~3km CANRC001 & 5 CANRC002 & 7 Pacific Ocean Small rounded hills Anomalous Cu & Mo RC Drill Rig 8
Slide 9: Located Proximal to Significant Infrastructure
LOCATED PROXIMAL TO SIGNIFICANT INFASTRUCTURE • Low altitude ~1,000mRL to 1,200mRL - work all year round – lower cost For personal use only environment • ~10km from the coast – source of process water • Access to power with transmission lines crossing the Prospect • Chala within 30km - fishing town
Slide 10: Cangallo – Planned Drilling Program (2025)
CANGALLO – PLANNED DRILLING PROGRAM (2025) • Stage 2 RC drilling: 12 holes for ~5,000m – inclined holes (60°) drilled For personal use only to ~400m to test top 300m of section • Drilling planned to extend shallow Cu- Au mineralisation under the cover • Access preparations completed - Rig now due on
Slide 11: AusQuest District Scale Copper Land Holding
A USQUEST DISTRICT SCALE COPPER LAND HOLDING 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 pro
Slide 12: Lantana – Another Porphyry Cu Target – Ready to Drill
LANTANA – ANOTHER PORPHYRY CU TARGET – READY TO DRILL • Located ~30km east of Cangallo For personal use only 1.07 3.34 = % Cu • Large scale Porphyry Cu target (~2km x 1km) 1.56 3.34 5.68 0.85 • Strongly mineralised 1.20 0.84 1.75 porphyry(s) inferred by high 1.09 grade surface Cu (>1.0% Cu) • Outcro
Slide 13: Playa Kali – Copper/Gold Targets – Ready to Drill
PLAYA KALI – COPPER/GOLD TARGETS – READY TO DRILL • Located ~15km west of Cangallo For personal use only • Copper bearing manto (Fe) outcrops (0.14% to 1.96% Cu) located SE of Mina Justa Cu deposit • Multiple Cu targets defined by magnetics within E-W structural corridor • Magnetic (manto) targets o
Slide 14: Peru – Forward Program
PERU – FORWARD PROGRAM Work Plan April May June July Aug Sept Oct • Maiden drill program at 6 MONTH PROGRAM Cangallo only tested small For personal use only Cangallo Porphyry Cu-Au fraction of prospective Stage 2 RC Drilling (~5000m) Caldera target area – Cu Assays mineralisation open in all Diamond
Slide 15: AusQuest Corporate Overview
AUSQUEST CORPORATE OVERVIEW Capital Structure Board of Directors ASX Code AQD For personal use only Shares on Issue 1,347.4 million Options on Issue (listed) Nil Options on Issue (unlisted)1 168.9 million Market Cap. (at 5.3 cents) $71.4 million Greg Hancock Graeme Drew Christopher Ellis Non-Executi
Slide 16: 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 16