Ann: Additional Funding for AusQuest, page-2

The final piece of the jigsaw comes together.

The only issue here for me was funding - as in if the current reserves would last them up to the Peru farmout.

Now that finance is sorted (from a major shareholder too - shows confidence) , there is no issues for me and all it is now is a very cheap play that will get re-rated shortly - from farmout of Peru, drilling of Peru, Gold drilling results from West Africa, and there's the Fraser Nickel too.

Funding at a minimum 2c conversion price when the SP is 1.2c/1.3c is an excellent result by management who continue to kick goals in my book.

Directors also loaded up at 2c in the last raising.

Looking forward to Gold drilling results from West Africa first, followed by farmout from Peru and drilling by JV partner, drilling in Fraser Range for SIR type nickel.

And market cap is $3.6M with $1M cash (before September quarter cash burn) and $750k in funding available at a minimum conversion price of 2c.

Looking forward to seeing this one play out over coming weeks/months.