https://newsletter.en.creamermedia.com
Copper|Exploration|PROJECT|Projects|Drilling
Copper|Exploration|PROJECT|Projects|Drilling
copper|exploration|project|projects|drilling

AusQuest, South32 include Mt Davis project under strategic alliance opportunities

2nd April 2025

By: Creamer Media Reporter

     

Font size: - +

ASX-listed AusQuest says its Mt Davis base metal project, in Western Australia, has been accepted as a new exploration opportunity under the strategic alliance agreement (SAA) between AusQuest and its alliance partner South32.

Under the terms of the SAA, South32 has exclusive rights to some of AusQuest's projects and can earn a 70% interest in each project by spending $4.5-million on exploration, with the right to earn an additional 10% interest by completing a prefeasibility study.

Exploration at the Mt Davis project is targeting sediment-hosted lead, zinc and copper deposits similar to those found in north-west Queensland. 

A reverse circulation drilling programme is being designed as a first step to test a combination of Versatile Time Domain Electromagnetic (VTEM) and soil geochemical anomalies that have been defined by AusQuest.

AusQuest MD Graeme Drew says the company is pleased to once again have South32 as a strategic partner at one of its exploration projects where the potential for large-scale base metal discoveries is a real possibility.

“The recent soil sampling and VTEM surveys completed by AusQuest provide strong support for the presence of sediment-hosted mineralisation at Mt Davis, in an area where very little effective exploration has been carried out to date.

“The company looks forward to reporting on progress at Mt Davis once the drill programme is finalised and heritage clearances are obtained to allow drilling to commence,” he says.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.059 0.149s - 170pq - 2rq
Subscribe Now