AusQuest (AQD) Corporate presentation summary

Investment highlights

• Cangallo discovery shows potential for a large-scale copper-gold deposit with high-grade copper at shallow depths, enhancing economic prospects.

• 100% ownership maximizes upside, with location advantages including low altitude, proximity to infrastructure, and workforce.

• Multiple catalysts ahead: diamond and Stage 3 RC drilling planned, providing steady news flow.

Project location and regional context

• Cangallo is situated at ~1,200m altitude, 8km from the coast, near power lines and a potential port, reducing costs.

• Located in Peru's established copper belt, surrounded by major mines and infrastructure.

• Large landholding along a 60km strike with multiple porphyry copper and IOCG targets.

Drilling results and mineralization

• Multiple broad intercepts of copper and gold mineralization, with significant intervals such as 324m @ 0.30% Cu, 0.07ppm Au and 330m @ 0.30% Cu, 0.06ppm Au.

• Higher copper grades found in oxide zones and thin porphyry intrusions, with mineralization open in multiple directions.

• Preliminary leach tests show encouraging results for oxide copper.