annoucement

AusQuest Limited 6 Kearns Crescent Ardross WA 6153 (T): 08 9364 3866 (F): 08 9364 4892
www.ausquest.com.au
January 4, 2008
ASX Release
Share Purchase Plan Over-subscribed
AusQuest Limited (ASX: AQD) is pleased to announce that the Company’s Share Purchase Plan
(SPP) received strong support from AusQuest shareholders, closing on 24 December 2007 oversubscribed.
To accommodate the strong shareholder demand, the Board of AusQuest has decided to increase the
number of shares and options to be issued pursuant to the SPP from 7,142,857 shares and 3,571,428
options to approximately 10,700,00 shares and 5,350,000 options, to raise approximately $3.0m,
allowing each shareholder who subscribed to the offer, to receive their full subscription.
It is expected that shares and options under the SPP will be allotted on the 8th January and Holding
Statements dispatched to participating shareholders on the 9th January.
Following completion of the SPP and the recent placement, AusQuest is sufficiently funded to expand
the Table Hill exploration programme to aggressively explore in the vicinity of the initial high grade
manganese drill intersection (3.9m @ 47.5% Mn from 286.8m) reported to the ASX on 20 November
2007.
The expanded programme aims to confirm both grade and continuity of mineralisation within the
extensive (18km2) target area defined by the airborne EM survey and to test additional manganese
targets identified by recent modelling of the EM data, especially where manganese mineralisation is
interpreted at shallower depths.
The Board is delighted by the response to the SPP from the company’s shareholders, and looks
forward to reporting results from the planned drilling programme at Table Hill which is expected to
commence in the 2nd Quarter of 2008.
Graeme Drew
Managing Director