July 22 (Reuters) - Minquest Ltd MNQ.AX :
* Conditional bid for wolverine zinc mine MNQ.AX
* Submitted a conditional, non-binding bid for the wolverine zinc mine, Yukon territory, Canada, currently owned by Yukon zinc corporation
* Examining possibility of using existing facilities at wolverine zinc mine to fast-track the kona mineral resource on fyre lake copper project
* Says Yukon zinc spent in excess of C$500M developing and running the wolverine mine;
* Sees potential pre-production cost savings of CAD$150-200M from the kona mineral resource on fyre lake copper project
* Says anticipate being able to finalise an asset purchase agreement with Yukon zinc and the monitor in the very near future
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