Latest Ausquest (ASX:AQD) News

A boardroom shake-up and a fresh placement sparked the week’s biggest move, while critical minerals deals kept drawing buyers. Gold explorers also ran hard on drill hits, but several gapped stocks showed how fast early moves can fade.

AusQuest Limited has kicked off an extensive new drilling campaign at its Cangallo copper-gold project in Peru, aiming to expand mineralisation and uncover higher-grade copper sulphides beneath the surface.

One stock nearly doubled, another jumped more than 40%, and a finance heavyweight stayed elevated after a merger shock. In resources, the winners were mostly tied to “what was bought” or “what was funded”, while the laggards were often the ones where early optimism quickly turned into selling.

Fluorspar stole the week as OD6 ripped higher, while a fresh wave of trading halts and reopenings produced fast reversals. Rare earth processing deals, big funding packages and takeover timetables kept investors busy across small caps.

AusQuest Limited reports strong assay results from its Cangallo project in Peru, revealing a large, continuous copper-gold mineralised system with promising high-grade intervals and plans for extensive follow-up drilling.

Explorers led the Materials tape as fresh drill stories and new ground deals pulled buyers into small caps. Big miners still delivered, but the loudest moves came from companies offering investors a near-term catalyst.

AusQuest Limited has significantly expanded the copper mineralisation at its Cangallo Project in Peru, extending the porphyry system to over 1,500 metres with promising assay results. Further drilling is planned to explore depth and lateral extensions, highlighting the project's growing potential.

AusQuest Limited has reported significant progress at its Cangallo copper-gold project in Peru, extending mineralisation and advancing drilling programs, supported by a $10 million capital raise and an extended partnership with South32.

AusQuest Limited has significantly extended the copper-gold mineralised system at its Cangallo project in Peru through recent diamond and RC drilling, revealing depths beyond 800 metres and strike length exceeding one kilometre.

AusQuest Limited’s recent reconnaissance drilling at its Mt Davis Project in Western Australia has revealed promising lead, copper, and silver anomalies, suggesting potential for sediment-hosted base metal deposits.

AusQuest and South32 have extended their Strategic Alliance Agreement for two more years, securing continued funding and collaboration on Australian copper and zinc projects. South32 will fund exploration to advance projects to drill-ready status and can earn up to 80% interest through staged investments.

AusQuest Limited has raised A$10 million through a share placement to expand drilling at its promising Cangallo copper-gold project in Peru, aiming to unlock higher-grade mineralisation.