AQD Charting, page-85

We are rolling rapidly through April, if all remains on track drilling will commence any time from now and the next 7 days


Next Steps:
• The Stage 2 drilling program is planned and expected to commence in April 2025.
• A total of ~5,000m of RC drilling will be completed to extend the known copper-gold
intersections and help locate the centre of the main porphyry copper system(s).
• A water permit application has been submitted to enable deep diamond drilling (2 x
~800m deep holes) to commence once the results of Stage 2 RC drilling are known.

Commenting on progress being made at Cangallo, AusQuest’s Managing Director, Graeme
Drew, said:
“The Company is very excited about re-commencing drilling operations at Cangallo next
month with geochemical analysis reinforcing Cangallo as a new large-scale porphyry copper/gold discovery.

Stage 2 drilling has been designed to help locate the centre of the porphyry system and the
possible presence of a supergene blanket, both of which hold excellent potential to contain
high copper grades.

Success will create significant value for our shareholders and mark a transformative period
for the Company. We look forward to keeping the market updated on the commencement of
drilling.”