AQD ausquest limited

7.14%

4.5¢

Gday H2. Yeah for sure if things go well at Cangallo this year,...

First 4 Last

Share
Profile

Follow
Tradewyns

218 Posts.

65

08/05/25

16:54

Post #: 78972099
Share

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!

Expand

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
11 Upvote

0 Great analysis

Reply

Top Stories

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Most investors will get this earnings season wrong. Will you?

ASE

Astute delivers high-grade lithium hits at Red Mountain

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 4.5¢		Change 0.003(7.14%)		Mkt cap ! $62.63M

Open	High	Low	Value	Volume
4.2¢	4.8¢	4.1¢	$123.8K	2.747M

Buyers (Bids)

No.	Vol.	Price($)
2	222000	4.4¢

Sellers (Offers)

Price($)	Vol.	No.
4.6¢	235541	4

View Market Depth

No.	Vol.	Price($)
2	222000	0.044
1	150000	0.043
2	70969	0.042
6	843569	0.041
3	59600	0.040

Price($)	Vol.	No.
0.046	235541	4
0.047	50000	1
0.048	400000	1
0.049	285185	2
0.050	370105	5

Last trade - 15.59pm 25/07/2025 (20 minute delay)

AQD (ASX) Chart

Gday H2. Yeah for sure if things go well at Cangallo this year,...

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Most investors will get this earnings season wrong. Will you?

Astute delivers high-grade lithium hits at Red Mountain

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Gday H2. Yeah for sure if things go well at Cangallo this year,...

Top Stories

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Most investors will get this earnings season wrong. Will you?

Astute delivers high-grade lithium hits at Red Mountain

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News