AusQuest (AQD) H2 2026 earnings summary

Executive summary

• Significant progress in 2026, highlighted by expansion of the Cangallo Copper Project in Peru and a robust pipeline of base metal exploration in Australia.

• Stage 3 drilling at Cangallo confirmed a large-scale porphyry copper-gold system, with mineralisation open at depth and along strike.

• Strategic Alliance Agreement with South32 extended to December 2027, ensuring continued funding for Australian projects.

• $10 million capital raising in December 2025 strengthened the balance sheet and funded concurrent exploration campaigns.

Financial highlights

• Net loss after tax: $3,040,267 for FY2026 (FY2025: $2,109,524).

• Revenue and other income: $385,293 (FY2025: $494,591).

• Total expenses: $3,425,560 (FY2025: $2,604,115), driven by increased share-based payments and exploration impairment.

• Cash and cash equivalents at year-end: $6,352,237 (FY2025: $7,203,852).

• Exploration and evaluation expenditure capitalised: $19,095,438 (FY2025: $10,020,253).

Outlook and guidance

• Priorities include completing diamond drilling and progressing Stage 4 permitting at Cangallo, advancing early resource and metallurgical work, and commencing Balladonia drilling.

• Continued focus on value creation through exploration in both Peru and Australia.