Ann: MD Presentation at Critical Minerals Conference, page-72

Some great points made in the recent presentation definitely worth highlighting;

• Maiden drill program confirms significant new porphyry copper discovery
• Mineralisation from surface with all drill holes intersecting copper & gold
• Drilling tested very small fraction of the prospective target area
• Mineralisation open in all directions - 100% owned by AusQuest

• First mover in coastal regionsecuring large, highly prospective landholding
• Low altitudes provide access all year round & reduced exploration costs
• Located close to infrastructure - potential low capital pathway to production
• Drill permits imminent for maiden drilling at Lantana & Playa Kali Cu Projects


• Multiple years experience – strong exploration, corporate & finance capabilities
• In-country management with Corporate office (Lima) & Operations out of Arequipa
• Over 14 years experience operating in Peru

• High impact RC drill program set to commence at Cangallo
• Further RC & initial diamond drilling at Cangallo expected to start in H2 2025
• Drill permits for Lantana and Playa Kali Cu Projects are imminent
• Planning for maiden drill programs underway at Lantana and Playa Kali



• Cangallo success upgrades prospect of further Cu deposits in AQD tenements
• Lantana & Playa Kali both priority targets - permits to drill expected shortly
• Large tenement holding - 60km strike along prospective E-W structures


• Deep diamond drill holes (2 x 800m) to be planned subject to RC drill results
• Further RC drilling (~5,000m) planned to test areas south of current drill holes once permits approved (est. Q4 CY2025)


Cangallo RC drilling set to start in about a week and a half,
Balladonia 7000m RC drilling must be very close to completion, with assays likely coming back during the Cangallo drilling campaign.
With Lantana & Playa Kali Govt approvals iminent.
This is not a one trick 'hero or zero' pony
This is serious exploration!