AUSQUEST LIMITED — Capital/Financing Update 2025

Dec 2, 2025

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Market Announcement

3 December 2025

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AusQuest Limited (ASX: AQD) – Trading Halt

Trading in the securities of AusQuest Limited (‘AQD’) will be halted at the request of AQD, pending the release of an announcement by AQD.

Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of:

• the commencement of normal trading on Friday, 5 December 2025; or

• the release of the announcement to the market.

AQD’s request for a trading halt is attached below for the information of the market.

Issued by

ASX Compliance

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

3 December 2025 ASX Limited

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3 December 2025

Australian Securities Exchange Level 40, Central Park 152-158 St Georges Terrace Perth WA 6000

ABN 35 091 542 451

8 Kearns Crescent, Ardross WA 6153 Telephone: 08 9364 3866 Facsimile: 08 9364 4892 Web: www.ausquest.com.au

By email: tradinghaltsperth@asx.com.au

CC: diane.djotaroeno@asx.com.au

Dear Sir / Madam

REQUEST FOR TRADING HALT

AusQuest Limited ( ASX: AQD ) ( Company ) hereby requests a trading halt to the quotation of the Company’s securities pending an announcement with regards to a proposed material capital raise.

The Company provides the following information in relation to ASX Listing Rule 17.1:

• (a) AQD expects the trading halt to last until an announcement is made relating to the proposed capital raise, which will be no later than before commencement of trading on Friday, 5 December 2025;

• (b) the Company is not aware of any reason why the trading halt should not be granted by the ASX; and

• (c) the Company is not aware of any other relevant information that is necessary to inform the market about the trading halt.

Please do not hesitate to contact the undersigned should you have any queries.

For and on behalf of the Board of Directors of AusQuest Limited

Henko Vos Company Secretary