Ardross-based junior Ausquest has announced plans to raise $10 million in order to further enhance drilling at its Cangello porphyry copper-gold project in Peru.
South32 will continue to explore AusQuest's projects in Australia and South America after the companies extended their strategic alliance agreement by two years.
Shares in local explorer Ausquest have surged on news the company has struck an agreement with BHP Billiton spin-off South32, with the two companies to form a joint venture over prospective projects.
