Quest Minerals Limited is engaged in mineral exploration, including the exploration activities. The Company�s projects include Victory Bore Project and Perenjori Project. The Company holds a 100% interest in E57/550, known as Victory Bore, in the Mid West region of Western Australia. The tenement covers the northern 11 kilometers segment of a 25 kilometers long magnetic anomaly overlying two major magnetite rich horizons within a layered gabbro complex. The Company has 80% interest in EL 70/2777 (Feral) and EL 70/2858 (Alken), known as the Perenjori Project. The Project is situated close to the Northern Wheatbelt town of Perenjori. The Company, through its subsidiary, Boab Mining Nigeria holds 11 granted exploration licenses in western Nigeria.