AQR is copper and molybdenum exporer in Qld, near Monto. from http://www.aussieqresources.com/ "... seven prospective projects at varying stages of development. The most advanced project at Rawbelle is the Whitewash project where a potentially large porphyry copper/molybdenum exploration target has been identified and partly drilled. The exploration target at Whitewash based on soil geochemistry and geophysics potentially has an extent of 3km x 2km. At present (late August 2007) the company is drilling the Whitewash development project and collecting geophysical data to assist in target new generation. The potential exists to host significant extensions to the known mineralisation as outlined in the Geos Mining Report and Independent Geological Report in the AQR prospectus." IPO June 2007, market cap is about 28m, 120 million shares, about 11m cash assets.
Disclosure - I hold very small parcel as a spec buy.