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ausquest ltd (AQD) Snapshot

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11/13/13 - A$0.04
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04/22/14 - A$0.01
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ausquest ltd (AQD) Details

Ausquest Limited is engaged in the exploration and evaluation of mineral resources in Australia, Africa, and Peru. The company explores for iron ore, manganese, magmatic nickel-copper-platinum group element sulphides, gold, and iron oxide. It has interests in the Dundas nickel-copper project covering an area of 450 square kilometers located on the east-southeast of Norseman, Western Australia; the Stanley manganese project that covers an area of approximately 2300 square kilometers located in the Earaheedy Basin, Western Australia; and the Comoe project located near the town of Banfora in south-west Burkina Faso, West Africa. The company is based in Ardross, Australia.

ausquest ltd (AQD) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: A$247.7K
Compensation as of Fiscal Year 2013.

ausquest ltd (AQD) Key Developments

AusQuest Ltd Appoints Henko Vos as Joint Company Secretary

The directors of AusQuest Ltd. announce that Henko Vos has been appointed as joint Company Secretary with immediate effect.

Ausquest Limited Announces to Terminate the Joint Venture Agreement with Cliffs Natural Resources Exploration Inc

Ausquest Limited announced that it has reached agreement with Cliffs Natural Resources Exploration Inc. to terminate the Joint Venture Agreement over its IOCG and porphyry copper-gold exploration projects in south-west Peru. Through the South West Peru IOCG Joint Venture (SWPJV), AusQuest and CNRE had assembled a large portfolio of prospects along the southern coastal belt of Peru with up to eight targets identified for drilling as possible iron-oxide copper-gold (IOCG) and/or porphyry copper targets with the size potential to be of significance to AusQuest. Following discussions with CNRE regarding their continuation in the SWPJV, it has been agreed that all projects will now revert 100% to AusQuest with CNRE retaining a 'right of first offer' for a period of two years, to purchase one or more of the four prospects (Properties of Merit) that had been recommended for drilling under the Joint Venture. Permitting for drilling is at an advanced stage over three of the company's prospects, with clearances expected during the second Quarter of 2014 to allow drilling operations to commence shortly thereafter.

AusQuest Limited Announces Consolidated Earnings Results for the Half Year Ended December 31, 2013

AusQuest Limited announced consolidated earnings results for the half year ended December 31, 2013. For the half year, the company reported revenue of $33,746 against $130,174 a year ago. Loss before income tax expense was $2,194,982 against $801,055 a year ago. Loss for the period was $2,194,982 against $801,055 a year ago. Basic loss per share was 1.15 cents against 0.35 cents a year ago. Net cash used in operating activities was $335,648 against $717,273 a year ago. Payment for property, plant and equipment was $386 against $823 a year ago.


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