A South32 (ASX:S32) subsidiary extended its partnership with AusQuest (ASX:AQD) for a further two-year period to Dec. 31, 2027, according to a Monday filing with the Australian bourse.
Under the agreement, AusQuest targets new deposits and mineral provinces with ore potential to secure prospective exploration opportunities offered exclusively to the company, the filing said.
The partnership has been ongoing for nine years and was originally established in 2017, per the filing.
South32 shares fell 1% in afternoon trade on Monday.
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