AQD ausquest limited

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4.5¢

General Meeting, page-4

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Tradewyns

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08/05/25

16:54

Post #: 78972099
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Originally posted by hope2 ↑

Hi Tw,
Yep, all fair summations of today's General meeting.

Perhaps I could add that as all Peru tenements are 100% AQD owned, the Board is very content in directly dealing with pad positionings, drill angles, permitting issues, rig availability etc. And as they (AQD) have their own on-ground geo team, led by Mick Shervington (12 years local knowledge), they are well versed in dealing with the various local authorities (a very important component in gaining mutual trust) and providing smoother operational synergies.

It appears that existing funding is sufficient for Stage 2 and Stage 3 drilling programs this year (including DD holes).
However, depending on what is 'spun-up' and assessed (positive results?), further funds would 'potentially' be needed to continue down the Cangallo path.
Graeme indicated that they could also utilise the RC drill rig on their other 'drill ready' 100% tenement owned sites (Lantana & Playa Kali) once fully permitted. Apparently, there isn't an abundance of RC drill rigs in Peru as mostly the drilling is DD.

All in all, a very good presentation as expected!

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Gday H2.

Yeah for sure if things go well at Cangallo this year, Ausqest will need to prove up a resource before it becomes 'for sale'. This will likely take us well into next year. They will need to rattle the tin which is fine by me mate. If they raise $20m to swiss cheese Cangallo and sell it to BHP for $500m, pick me.

AQD Price at posting: 5.2¢ Sentiment: Hold Disclosure: Held
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