Ann: AusQuest - South32 form Strategic Alliance, page-35

Hi Hope2 & All..

I understand that the deal with S32 came about by a chance industry meeting; a conference pre Christmas, where informal discussion lead to the high degree of interest, as now shown by S32.

All in all most fortuitous, and if Graeme hadn't decided to attend then we may've still been seeking a suited partner, for the significant work as is about to be actioned.

Long and short is that the deal provides great synergies for both, which prior, just didn't exist.

As I understand it S32 have multi mines and exploration immediately around them, but didn't have anything as advanced with such a high potential for exploration success, as has happily just fallen into their lap via AQD !

There's many long term benefits to look forward to here (as you will discover with some DYOR), for all involved, thanks to Mr. GD!!.

Sarg