Ann: Peru JVs Advance Towards Drilling, page-2

NEW PERU COPPER JOINT VENTURES ADVANCING
TOWARDS MAIDEN DRILLING
 All three recent joint venture agreements now registered on public registry
 Drilling preparations well advanced: expected to commence at the Lana prospect in
the next two months
 Additional JV discussions initiated on 100%-owned projects
AusQuest Limited (ASX: AQD) is pleased to advise that its newly established copper-gold
exploration joint ventures in southern Peru are progressing well and advancing towards the
commencement of maiden drilling programs, anticipated to begin next quarter.
All three joint venture agreements, which were concluded earlier this year with the two major
copper companies operating in Peru – Southern Peru Copper Corporation (“Southern”) and
Compania Minera Zahena SAC (“Zahena”) – have now been registered on the public registry,
allowing preparations for initial drilling at each of the four large porphyry copper targets to
move forward