Jan 3 (Reuters) - Ausquest Ltd AQD.AX :
* AUSQUEST LTD - BLUE BILLY ZINC & JIMBERLANA NICKEL PROJECTS WILL NOT BE PROGRESSING INTO 2019 UNDER STRATEGIC ALLIANCE AGREEMENT WITH SOUTH32
* AUSQUEST - DRILL TESTING OF TARGETS IDENTIFIED BY CO AT BOTH PROSPECTS INSUFFICIENT TO JUSTIFY ONGOING EXPLORATION UNDER SAA