AusQuest

Presentations

Updates

Investor Dashboard

New Investors

Corporate Governance

Corporate Directory

Teams

Board of Directors

Announcements

Inter

AusQuest Limited

· Premium grade iron product (>70% Fe) has been produced across the Waterfall Prospect by beneficiation test work using the Davis Tube Recovery (DTR) method.

· Magnetite was liberated from its host rock using a relatively coarse grind size of 75um and 106um, which suggests potential savings on future processing costs.

· Average DTR recoveries of approximately 34% indicate that most, if not all, of the magnetite has been recovered in the concentrate.

· Impurity levels (silica, alumina, sulphur and phosphorus) within the magnetite concentrate are extremely low.

· The Morrisey Project is well located, being ~120km by road north of Mullewa and then ~80km by rail to the Port of Geraldton.

· Waterfall is the first of at least five targets identified within the Morrisey Project, with potential to host magnetite mineralisation.

Premium Magnetite Product confirmed at Waterfall

Summary