South32 and explorer form alliance
AusQuest carrying out works at its Fraser Range prospects. Image: AusQuest. By Elizabeth Fabri SOUTH32 has signed an agreement with AusQuest to develop high-potential exploration opportunities in Australia and overseas targeting copper, zinc and nickel. Under the deal, South32 would fund exploration activities over at least five AusQuest projects in Australia and Peru, which would be offered exclusively to South32 over a three year time frame, subject to financial conditions. Projects of interest included Jimberlana and Balladonia/Gibson Soak nickel-copper projects and the Blue Billy Project in WA, and Chololo and Los Otros porphyry copper prospects in Peru.AusQuest said a work program and budget to advance each project to a drill-ready stage would be agreed by the parties and South32 would...