This week's Bulls N' Bears Runner of the Week is… AusQuest Ltd. The company's shares leapt after reporting a stunning copper-gold porphyry discovery in Peru. Hydrix revealed a $2.8 million contract extension with a European medical firm, Pentanet showed improved financials in its 5G and gaming business and Pointerra updated the market with news of improved customer receipts for its digital twin business.
South32 will continue to explore AusQuest's projects in Australia and South America after the companies extended their strategic alliance agreement by two years.
AusQuest is set to raise $2.4 million to advance exploration projects in Western Australia and Peru, while Sagon Resources tapped the market for $1.25 million.
Shares in local explorer Ausquest have surged on news the company has struck an agreement with BHP Billiton spin-off South32, with the two companies to form a joint venture over prospective projects.
Rio Tinto subsidiary Hamersley Holdings has increased its interest in AusQuest to 6.9 per cent following the exercise of five million options at 40 cents per share.
Nickel and gold explorer AusQuest Ltd will be without a joint venture partner for two of its nickel projects after Falconbridge (Australia) Pty Ltd withdrew, citing its merger with Xstrata plc as the reason.
DIVERSIFIED exploration company AusQuest is set to fast-track its iron ore interests in the Pilbara following an agreement with mining giant Rio Tinto aimed at progressing an iron ore development at t
Diversified exploration company AusQuest is set to fast-track its iron ore interests in the Pilbara following an agreement with mining giant Rio Tinto aimed at progressing an iron ore development near Tom Price.
