AusQuest's Magnetite Achievement

AusQuest (ASX:AQD) has made significant progress at its Morrissey Project in Western Australia's Midwest. The company has produced a premium magnetite iron product with iron grades exceeding 70% Fe from the Waterfall Prospect. Beneficiation test work using the Davis Tube Recovery method facilitated this achievement.

Morrissey Project Progress and Outlook

AusQuest has achieved a milestone with the production of high-quality magnetite concentrate from its Morrissey Project. Located strategically for easy access to transport infrastructure, the project is poised for further exploration and expansion. The company's plans include conducting Native Title clearance surveys and additional drilling in 2025, in collaboration with a South32 subsidiary. With consistent high recovery rates from the Waterfall Prospect, AusQuest is set to explore the broader potential of the Morrissey Project, aiming to enhance its commercial viability and establish a strong foothold in the magnetite market.

Executive Insights on Morrissey Project

AusQuest's strategy of using coarse grind sizes for magnetite separation has proven successful, potentially leading to a consistent premium product.