Announcement PDF AUSQUEST LIMITED ABN 35 091 542 451 FINANCIAL REPORT for the financial year ended 30 June 2023 AusQuest Limited | Contents Corporate Directory................................................................................................................................... 1 Chairman’s Letter ...................................................................................................................................... 2 Directors’ Report ....................................................................................................................................... 3 Auditor’s Independence Declaration....................................................................................................... 24 Independent Auditor’s Report ................................................................................................................ 25 Directors’ Declaration.............................................................................................................................. 29 Financial statements ............................................................................................................................... 30 Consolidated Statement of Profit or Loss and Other Comprehensive Income ................................................................................... 30 Consolidated Statement of Financial Position .......................................................................... 31 Consolidated Statement of Changes in Equity .......................................................................... 32 Consolidated Statement of Cash Flows ..................................................................................... 33 Notes to the Consolidated Financial Statements ...................................................................... 34 Additional securities exchange information ............................................................................................ 64 Tenements ............................................................................................................................................... 67 AusQuest Limited | Corporate Directory Board of Directors Mr Greg Hancock - Chairman and Non-Executive Director Mr Graeme Drew - Managing Director Mr Chris Ellis - Non-Executive Director Company Secretary Mr Henko Vos Registered Office C/- Nexia Perth Level 3, 88 William Street Perth WA 6000 Telephone: +61 8 9463 2463 Website: www.nexia.com.au Corporate Office 8 Kearns Crescent Ardross WA 6153 Telephone: +61 8 9364 3866 Facsimile: +61 8 9364 4892 Website: www.ausquest.com.au Auditors HLB Mann Judd (WA) Partnership Level 4, 130 Stirling Street Perth WA 6000 Share Registry Advanced Share Registry Services 110 Stirling Highway Nedlands WA 6009 Telephone: +61 8 9389 8033 Facsimile: +61 8 9389 7871 Website: www.advancedshare.com.au Securities Exchange Listing Australian Securities Exchange (Home Exchange: Perth, WA) Code: AQD Banker Australia and New Zealand Banking Group 135 Riseley Street Booragoon WA 6154 AusQuest Limited | 1 Chairmans’ Letter Dear Shareholder I am pleased to report on what has been another very active year, which saw us drill test a broad range of targets in Peru and Australia, including the identification of a prospective magnetite discovery at Morrisey and a series of new targets in both countries that will form the basis of our ongoing work programs next year. Most of this work has taken place under our long-standing Strategic Alliance Agreement (SAA) with South32 Ltd. In Australia, the recent 10-hole programme at Balladonia provided further evidence of Broken Hill Type (BHT) mineralisation. This type of mineralisation typically hosts large-scale mineral resources including base metals. While no “signature” intersections have yet been found, assays are pending which will provide further line of sight to future targets of interest. Drilling at the Morrissey Project earlier in the year delivered some encouraging magnetite numbers. Following Davis Tube testing of these samples, an encouraging beneficiation outcome was delivered, with a premium iron product grading greater than 70% Fe with low impurities produced. Scale and tonnage is now the key issue and this will be tested in coming months as several new adjacent target areas are drilled. At Moora, a four-hole programme confirmed some geological similarities to the prospective Gonneville Intrusion at Julimar. Once again, the results were sufficiently interesting to follow up with a further soil sampling and possible drilling campaign, to be included in next year’s budget. Geophysical work at Jubilee Lake yielded a target for drilling and is now subject to additional heritage clearance ahead of possible drilling in 2024. In Peru, the Company rationalised its tenement holdings during the year to focus on the best geological targets. A new copper prospect, Cangallo, which is located along strike from Cerro de Fierro, was identified. Permits for drilling are awaited and are expected shortly. Drilling results at Pirata, across 21 holes, intersected geology suggesting nearby porphyry copper mineralisation, while further sampling identified a strong copper target in an adjoining tenement that is now ready for drilling once permits are received. A similar outcome was also achieved at Parcoy following a 10-hole programme, with the results under further review. During the year, work completed under the SAA with South32 has seen expenditure of $8 million. This covered seven projects across Australia and Peru. All of these programmes have been planned and supervised by AusQuest in association with South32, which has meant that our management and consulting team have had a very busy year. At present, in Australia four of seven projects (Balladonia, Morrisey, Moora and Jubilee) are subject to the SAA while three (Hamilton, Mt Davis, and Coober Pedy) are 100% AusQuest owned. All projects in Peru are now 100% AusQuest owned. While the exploration work described above has been in progress, the task of business development continues. This has to be undertaken to ensure that a steady stream of new opportunities is generated to provide potential returns for shareholders. I am pleased to report that, once again, our engagement with South32 has been professional and of a high standard, with our team working diligently to deliver positive results to all shareholders and our Alliance partner. On your behalf, I would like to express thanks to our Managing Director, Graeme Drew, and the AusQuest team for their considerable efforts over the past year. We are all looking forward to another year of significant activity in 2024 along with the associated news-flow that should be generated for shareholders. I invite shareholders to follow our progress on our website, through our social media channels and the ASX announcement platform. Yours faithfully Greg Hancock Chair AusQuest Limited | 2 Directors’ Report The Directors of AusQuest Limited (“AQD” or the “Company”) herewith submit the financial report of the Company and the entities it controlled (“Group”) for year ended 30 June 2023. In order to comply with the provisions of the Corporations Act 2001, the directors report as follows: Board of Directors The names of directors who held office during the date of this report are as follows. Directors were in office for the entire period unless otherwise stated. Mr Greg Hancock Mr Graeme Drew Mr Chris Ellis Non-Executive Chairman Managing Director Non-Executive Director Company Secretary Henko Vos Principal Activities The principal activity of the Group was mineral exploration throughout Australia and Peru. Review of Operations A review of the Group’s exploration projects and activities during the year is discussed in the Operations Review included in this Annual Report. The profit of the Group after income tax for the year was $361,982 (2022: loss after tax of $1,457,728). Changes in state of affairs During the year ended 30 June 2023 there was no significant change in the state of affairs of the Group other than as referred to in the financial statements or notes thereto. Events Occurring after the Reporting Date There has not been any matter or circumstance occurring subsequent to the end of the financial year that has significantly affected, or may significantly affect, the operations of the Group, the results of those operations, or the state of affairs of the Group in future financial years. Future developments Disclosure of information regarding the likely developments in the operations of the Group in future financial years and the expected results of those operations is likely to result in unreasonable prejudice to the Group. Accordingly, this information has not been disclosed in this report. Safety and environmental regulations The Group is aware of its occupational health and safety and environmental obligations with regard to its exploration activities and ensures that it complies with all regulations when carrying out exploration work. Dividends No dividends were paid or declared since the start of the financial year. No recommendation for the payment of dividends has been made. Proceedings on behalf of the Company No persons have applied for leave pursuant to s.237 of the Corporation Act 2001 to bring, or intervene in, proceedings on behalf of AusQuest Limited. AusQuest Limited | 3 Directors’ Report Information about directors and senior management The names and particulars of the directors of the Company during or since the end of the financial year and up to the date of this report are noted below. Except where indicated, directors have held office during and since the end of the financial year: Greg Hancock BA Econs., BEd Hons.,F.Fin Non-Executive Director and Chairman Greg has had over 25 years’ experience in capital markets practicing in the area of corporate finance. He maintains close links with the stockbroking and investment banking community on behalf of the Company. Directorships held in listed companies over the last three years are as follows: • Zeta Petroleum PLC – April 2015 – current • Strata-X Energy Limited (now called Pure Hydrogen Corporation Limited) – July 2015 – March 2021 • BMG Resources Ltd – Feb 2017 – current • Golden State Mining Limited – Nov 2018 – current • Cobra Resources PLC – Nov 2018 – current • Group 6 Metals Ltd – Feb 2019 – current • Triangle Energy Limited – Feb 2022 - current Graeme Drew B.Sc.Hons., FAIMM, MASEG Managing Director Graeme has over 40 years’ experience in the exploration industry in Australia and overseas. Prior to co-founding AusQuest Limited he was an Exploration Manager for CRAE and Rio Tinto Exploration Pty Ltd in Western Australia (9 years) and Eastern Australia (4 years). He has wide experience in the search for, and evaluation of, most base and precious metals (notably nickel, copper, gold, uranium, zinc and diamonds). Graeme has developed a passion for the ‘big picture’ and ‘big project’ generation which he strongly believes are the building blocks for successful exploration outcomes. Graeme has held no other directorships in listed companies over the last three years. Christopher Ellis B.Sc.Hons. Non-Executive Director Chris is an experienced mining executive with over 30 years’ experience in geology, exploration, mine planning and project development in Australia and overseas. He was a founding member and Executive Director of Excel Coal Limited which was the subject of a take-over bid by the US coal giant Peabody Energy Inc, and has held senior positions within Shell Coal’s Exploration, BP Coal (London and USA), Agipcoal Australia and the Stratford Joint Venture. Directorships held in listed companies over the last three years are as follows: • Group 6 Metals Ltd - 8 November 2012 - current Henko Vos Company secretary Mr Vos is a member of the Governance Institute of Australia and Chartered Accountants Australia & New Zealand with more than 20 years’ experience working within public practice, specifically within the area of audit and assurance both in Australia and South Africa. He holds similar secretarial roles in various other listed public companies in both industrial and resource sectors. He is an employee of Nexia Perth, a mid-tier corporate advisory and accounting practice. AusQuest Limited | 4 Directors’ Report Directors’ meetings The following table sets out the number of directors’ meetings (including meetings of committees of directors) held during the financial year and the number of meetings attended by each director (while they were a director or committee member). During the financial year 4 board meetings and 1 audit committee meeting and 1 nomination and remuneration committee meeting were held. Board of Directors Directors Greg Hancock Graeme Drew Christopher Ellis Eligible to attend 4 4 4 Attended 4 4 4 Nomination and Remuneration committee Eligible to Attended attend 1 1 1 1 1 1 Audit committee Eligible to attend 1 1 1 Attended 1 1 1 Directors’ shareholdings The following table sets out each director’s relevant interest in shares, debentures, and rights or options in shares or debentures of the Company or a related body corporate as at the date of this report. Directors Greg Hancock Graeme Drew Chris Ellis Fully paid ordinary shares Number 4,586,415 19,323,409 183,712,800 Share options (Unlisted) Number 5,000,000 10,000,000 5,000,000 AusQuest Limited | 5 Directors’ Report Review Of Results And Operations HIGHLIGHTS – YEAR IN REVIEW Australia – Copper, Gold, Zinc, Nickel  Widespread presence of prospective host rocks for Broken Hill Type (BHT) mineralisation confirmed by diamond drilling (10 holes for 3,677m) at the Balladonia Base Metal Project in the Fraser Range region of Western Australia. Final assays from the drilling are pending.  Anomalous levels of zinc, lead, cadmium and tin intersected at the Tea Tree prospect, with drilling defining an extensive target horizon for BHT mineralisation that will be the focus for ongoing exploration along ~20km of prospective strike identified by magnetics.  Significant magnetite iron formation intersected by initial drilling (three holes for 726m) of geophysical targets at the Waterfall and Sandfly prospects within the Morrisey Project in the Narryer Terrane of WA. Subsequent testwork delivered a premium iron product (>70% Fe) with very low impurities.  Several additional targets with potential to add to a possible magnetite resource base were identified by gravity surveys over selected magnetic targets at Morrisey. Further drilling is planned for Q4 2023.  Large, flat-lying conductor adjacent to the Rodona Shear identified by electromagnetic (EM) surveys at the Jubilee Lake Nickel-Copper-PGE Project, east of Kalgoorlie in WA, invoking comparisons with the giant Norilsk deposits in Russia. Drilling is planned once Heritage Clearance issues have been resolved.  Layered mafic intrusion identified by initial drilling (four holes for 786m) at the Latham Prospect, within the Moora Nickel-Copper-PGE Project in WA. Geophysical modelling suggests that host rocks similar to the Gonneville Intrusion at Julimar, may be present. Further drilling is being planned. Peru – Copper-Gold  New porphyry copper prospect (named Cangallo) secured along strike from the Cerro de Fierro and Pirata prospects. Highly anomalous copper (Cu), molybdenum (Mo) and scattered gold (Au) values at surface define a priority target. Permits for drilling are expected in Q4 2023.  Initial drilling (21 holes for 6,971m) of four porphyry copper targets within the Pirata Project intersected hightemperature clays and anomalous pathfinder elements, highlighting the potential for nearby porphyry copper mineralisation.  Anomalous copper at surface (19 samples >0.5% Cu) was identified by subsequent rock chip sampling over an area of ~2,000m x 800m at Pirata which has not been tested by drilling. Permitting is being initiated for drilling.  Wide-spaced drilling (10 holes for 3,387m) at the Parcoy Project extended the copper footprint to more than 5km. Higher copper values (up to 1.0% Cu) over narrow thicknesses (<15m) imply the potential for higher grades. Alteration within the host volcanics suggests the potential for nearby porphyry copper mineralisation. Corporate  The Strategic Alliance Agreement (SAA) with a wholly-owned subsidiary of South32 Limited (South32) remains current until the 31st December 2023, at which time the agreement can be extended with the consent of both parties. AusQuest Limited | 6 Directors’ Report REVIEW OF PROJECTS AUSTRALIA BASE METALS: COPPER, GOLD, ZINC and NICKEL AusQuest controls approximately 5,300km² of exploration title within Australia – 4,800km² within Western Australia (WA), 250km² within Queensland (QLD) and 165km² in South Australia (SA). Four of a total of seven projects (Balladonia, Morrisey, Moora and Jubilee) are currently subject to the Strategic Alliance Agreement (SAA) with a wholly-owned subsidiary of South32 Limited (South32), while three (Hamilton, Mt Davis and Coober Pedy) are 100%owned by AusQuest (Figure 1). Figure 1: AusQuest Project Locations in Australia and Peru. Balladonia Base Metal Project (AQD 100% subject to SAA) The Balladonia Project, which covers an area of ~840km², is located ~50km south of the Nova-Bollinger nickel-copper deposit within the Fraser Range region of WA. Comparisons with the Eastern Succession of north-west QLD (east of Mt Isa) – where iron-oxide copper-gold (IOCG) and Broken Hill Type (BHT) deposits are known to occur – are becoming increasingly apparent as further data is acquired. Initial drilling in 2022 at the Tea Tree Prospect confirmed the presence of highly prospective stratigraphy (thin banded iron formation (BIF) and garnetiferous quartzites), alteration (potassic, iron and manganese) and anomalous lead, zinc and cadmium values, providing strong comparisons with the geological setting of large-scale base metal deposits in north-west Queensland and Broken Hill. During the year, gravity surveys (1,452 stations) were completed over selected magnetic anomalies to help prioritise targets for drilling. Strong gravity responses (1.5 to 5mgals) over each area surveyed resulted in a major drilling program being commissioned. Diamond drilling (10 holes for 3,677m) to test seven geophysical targets was successfully completed in July 2023. The program also included in-fill drilling (three holes for 1,411m) at the Tea Tree Prospect, where previous results had indicated the presence of highly prospective BHT host rocks (Figure 2). At the date of this report, assay data for drill-holes at the Tea Tree prospect had been received and assessed, with results from the remaining seven drill-holes still pending. AusQuest Limited | 7 Directors’ Report Figure 2: Detailed magnetic and gravity surveys showing the location of drill-holes. At Tea Tree, in-fill drilling better outlined the prospective host rocks and helped to define a potential ‘lode horizon’ (~50m thick) containing anomalous lead (up to 507ppm Pb), zinc (up to 1,258ppm Zn), cadmium (up to 32ppm Cd) and tin (up to 20ppm Sn), which will provide a strong focus for ongoing base metal exploration along the 20km of prospective strike inferred from aeromagnetic data. Significant BIF stratigraphy was also intersected at the Halfway and Halfway West prospects, implying similarities with the Tea Tree Prospect, and demonstrating the potential for the prospective BHT host rocks to be widespread throughout the tenements. Drilling at Telegraph East and Halfway South intersected gabbroic (+/- pyroxenite) rocks with possible carbonatite affinities that are likely related to the carbonatite intrusion identified at the Telegraph prospect by earlier drilling. The possibility of widespread carbonatite activity adds to the area’s excellent prospectivity rating, providing a potential source for the discovery of rare earth and possibly base metal mineralisation. The Company continues to be encouraged by the possibilities that the geological environment at Balladonia presents, and looks forward to reporting further on the results of the drilling program once final assays have been received and assessed. AusQuest Limited | 8 Directors’ Report Morrisey Magnetite, Nickel-Copper-PGE Project (100% AQD subject to SAA) The Morrisey Project, which covers an area of ~1,000km², is located within the Narryer Terrane ~500km north of Perth in WA. This area became the focus of industry attention following the discovery of the Julimar nickel-copper-PGE deposit north of Perth, which highlighted the untested nickel-copper-PGE potential of the western margin of the Yilgarn Craton. During the year, initial Reverse Circulation (RC) drilling (three holes for 726m) to test EM targets intersected highly anomalous iron values (25% to 39% Fe) at both the Waterfall and Sandfly prospects due to significant quantities of coarsely crystalline magnetite within relatively thick intersections (up to 60 metres wide) of metamorphosed iron formations (Figure 3). Figure 3: Waterfall and Sandfly magnetics showing drill-hole locations and Fe concentrate grades. Subsequent beneficiation test work (Davis Tube Recovery – DTR) confirmed that a premium-grade iron product (>70% Fe) with very low impurities could be produced by magnetic separation of a coarse grind size product (95% passing 75 microns), as shown in the table below. Hole ID From (m) Length (m) MYRC001 MYRC001 MYRC001 MYRC001 MYRC002 MYRC002 102 112 122 132 82 92 10 10 10 12 10 8 GRADE Fe % 33.73 32.02 31.87 36.03 33.63 31.20 DTR CONCENTRATE GRADES Mass Recovery % 37.07 39.48 39.62 47.10 42.56 40.51 Fe % 70.87 71.16 71.03 71.26 70.98 71.75 SiO2 % Al2O3 % 1.58 1.44 1.54 0.98 1.01 0.66 0.22 0.03 0.04 0.04 0.43 0.15 S% P% 0.014 0.004 0.004 0.004 0.008 0.010 0.005 0.004 0.004 0.005 0.005 0.004 Interpretation of aeromagnetic data highlighted multiple untested magnetic responses which are considered to be priority targets for additional magnetite mineralisation in the area, as well as a significant untested strike length (>1km) at both the Waterfall and Sandfly prospects. AusQuest Limited | 9 Directors’ Report Detailed gravity surveys were subsequently completed over six magnetic targets, including the Waterfall and Sandfly prospects, outlining strong gravity responses (~1.5 to 3.0mgals) and the possibility of delineating multiple magnetite resources. Figure 4 shows the planned drill-holes with respect to both the magnetic and gravity models. The areas shown in red are both strongly magnetic (susceptibility >0.5 SI units) and have high density (average SGs >3.2), outlining the potential magnetite (Fe) target. At the Waterfall prospect, modelling of gravity and magnetic data outlined a possible magnetite body ~800m x 200m in size that appears to shallow and thicken to the south-west of drill-hole 22MYRC001, which intersected coarse grained magnetite during the initial drill program. Further RC drilling has been planned under the SAA to determine the potential size, grade and depth of the magnetite occurrence at Waterfall (see Figure 4). This program is expected to be completed before the end of 2023. Modelling of gravity and magnetic data over the other five targets confirmed excellent potential for additional magnetite within the project area, with initial testing of selected targets to be included as part of the upcoming drill program. Drilling in 2022 also intersected mafic (meta-gabbros) and ultramafic (meta-pyroxenites) rock types within the sequence, highlighting the potential for nickel-copper-PGE mineralisation to also occur in the area. Regional soil sampling (~1,440 samples on a 800m x 100m grid) completed during the year over a structural corridor in the south of the project identified four areas with potential to contain lithium-bearing pegmatites. In-fill sampling is planned before the end of the year to confirm this interpretation. Jubilee Lake Nickel-Copper-PGE Project (100% AQD subject to SAA) The Jubilee Lake Project, which covers an area of ~1,800km², is located within a large flood basalt terrane approximately 500km east of Kalgoorlie in WA. Mafic/ultramafic intrusions associated with the Rodona Shear are considered prime targets for nickel-copper-PGE sulphide deposits, similar to those found at the giant Norilsk deposits in Russia, and more locally at Nebo-Babel (BHP) and possibly at Nova-Bollinger (IGO). During the year, a reconnaissance moving-loop electromagnetic survey (MLTEM - ~48km) identified a strong late-time EM response reflecting a flat-lying conductor that likely occurs within West Officer Basin sediments adjacent to the Rodona Shear. AusQuest Limited | 10 Directors’ Report The EM target is relatively deep (~600m) but is large in size (kms x kms) and very conductive (>1,000 Siemens) (Figure 5). The target occurs below an extensive area of flood basalts outlined by aeromagnetic data and appears to have a spatial relationship with the Rodona Shear Zone, which is considered to be a major deep-seated feeder fault for the extruded basalts. Available geological logs from oil wells within the West Officer Basin to the north, suggest the sedimentary sequence at Jubilee may contain evaporites, mudrocks and carbonate horizons, pointing to possible similarities with the geological setting at Norilsk (Russia), where very large mafic/ultramafic intrusions within a sedimentary sequence host the giant nickel-copper-PGE orebodies in Russia. A proposal to drill test the EM and magnetic targets was accepted under the SAA and approvals were sought to allow drilling to commence. A Heritage survey was completed over two selected drill-sites, but only one was cleared for drilling (Figure 5). Further Heritage surveys are now being planned so that additional targets can be drilled to provide a more thorough test of the project’s nickel potential. Figure 5: Jubilee Lake Prospect: magnetic image showing the location of the EM target relative to the Rodona Shear and the flood basalts and showing the drill site location heritage cleared for drilling. Moora Nickel-Copper Project (100% AQD subject to SAA) The Moora Project, which covers an area of ~570km², is located ~150km north of Perth, WA within the Jimperding Metamorphic Belt, that hosts the recent nickel-copper-PGE discoveries at Julimar and Yarawindah Brook. Detailed magnetic and gravity surveys at Moora have outlined potential mafic/ultramafic intrusions with similarities to the Gonneville Intrusion that hosts the nickel-copper-PGE mineralisation at Julimar. During the year, reconnaissance RC drilling (four holes for 786m) intersected gabbroic rocks, confirming the potential for a large fractionated mafic/ultramafic intrusion at the Latham prospect (Figure 6). AusQuest Limited | 11 Directors’ Report Re-modelling of magnetic data suggested that stronger magnetic rock types (i.e., ultramafics) must be present within the intrusion to explain the amplitude of the observed anomaly. Modelling also indicated that these units are most likely to occur close to the western and southern contacts of the intrusion, where the basal contact appears to dip to the north and/or east. Soil sampling around the contact zones of the Latham intrusion is being planned to outline areas for further drill testing in early 2024, once crops have been harvested. Figure 6: Latham Prospect: detailed magnetic and gravity images showing prospective contacts. Hamilton Copper Project (AQD 100%) The Hamilton Project, which covers an area of ~250km², is located in north-west Queensland, ~120km south of the Cannington mine. Limited drilling of magnetic and gravity targets in this area has provided evidence for “near-miss” situations for Iron Oxide-Copper-Gold (IOCG) and possibly Broken Hill Type (BHT) mineralisation. The Project covers a belt of magnetic rocks that extends over a strike length of approximately 30km under Eromanga Basin cover, which is approximately 200m thick. Numerous magnetic targets within this belt have never been tested by drilling. During the year, drilling (one hole for 510m) of a down-hole electromagnetic target failed to upgrade the Hamilton North prospect and, as a consequence, South32 advised that they were withdrawing from the project, which reverts 100% back to AusQuest. The Company considers that there are still quality targets that have not been tested by drilling at Hamilton, and is in the process of seeking parties who may be interested in pursuing this opportunity before deciding on further work programs in the area. AusQuest Limited | 12 Directors’ Report Mt Davis Lead-Zinc-Copper Project (AQD 100%) The Mt Davis Project, which is located ~180km NNE of Wiluna in WA, covers an area of ~750km² along the northern margin of the Earaheedy Basin. The Project is believed to contain similar stratigraphy to the Chinook Prospect, where extensive stratiform lead, zinc (+/- copper) mineralisation, has been discovered below the Frere Iron Formation (FIF) by Rumble Resources on the southern side of the Basin. A reconnaissance field trip was undertaken during the year to assess potential target areas and gain a better understanding of operational issues that may affect working in the area. Small outcrops of Frere Iron Formation were located in the north of the project, confirming the presence of prospective stratigraphy. Limited soil sampling below the iron formation reported anomalous gold values (23 and 116ppb Au) and elevated lead (23ppm Pb), suggesting similarities with the prospective stratigraphy at Chinook on the southern side of the Earaheedy Basin. A shallow air-core drilling program has been designed to test for base metals below the Frere Iron Formation, with Heritage surveys required before this program can commence. New Opportunities and Project Generation (Australia) The Company continues to undertak