Ausquest rises on potential copper mineralisation at Queensland project

AusQuest

12/08/2021 05:40

** Nickel-copper explorer Ausquest Ltd  AQD.AX  rises as
much as 10.5% to A$0.021, its biggest intraday pct jump since
July 27
    ** Says diamond drilling conducted at Hamilton Copper
Project in Queensland returned "encouraging assay data"
    ** Adds that assays confirm potential copper mineralisation
at the project
    ** Copper prices  CMCU3  have rallied in 2021 on the back of
strong demand in power and construction sectors; up around 20%
so far this year after rising 26% in 2020  MET/L 
    ** AQD has underperformed the S&P/ASX 200 Materials
(Industry Group) sector  .AXMAJD  by 17.1 percentage points in
the past one month
    ** AQD up ~27% this year, as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))