Quest are a company currently exploring their Victory Bore iron/vanadium/titanium project 450km east of Geraldton, the project is some 30-40km from the sealed Mt Magnet Road, which leads directly into Geraldton, near the proposed Port Oakajee.
QNL are targetting 200-250Mt resource grading 22-30%Fe, 0.4-0.7%V2O5 and 6-8%TiO2.
Today have announced results from a 17 hole drilling program comprising 2600m confirming 3.2km of a 9.2km strike length.
Best results include,
76m @ 26.9%Fe, 0.49%V2O5 and 7.31%TiO2
56m @ 28.6%Fe, 0.53%V2O5 and 7.89%TiO2
22m @ 29.3%Fe, 0.51%V2O5 and 8.01%TiO2
mineralisation continues along strike and at depth.
Full report here.
Current SP 4c
Shares on Issue 221m
12mth High/Low 7.4c/2.5c
Cash at Hand $1.38m
Expenses this Quarter $600k
Disc - holding.