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Australian Silica Quartz Group Ltd (ASX:ASQ)

ALERT: Price-sensitive ASX Announcement for ASQ
Current share price for ASQ : $0.020 -0.002 (-9.09%)+
Announcement
Release
29 Jan 2026 8:15AM
Price at Release
$0.022
Full Release
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Summary
Australian Silica Quartz Group Ltd (ASQ) released its December 2025 Quarterly Activities and Cashflow Report highlighting several key projects and financial details. The company is actively exploring its Gilbert Ranges Project in Queensland for metallurgical grade silicon quartz, with promising rock chip results showing high silica content. High Purity Quartz projects continue with purification trials aiming for Crucible Grade production. The Koolyanobbing Metals Project in Western Australia, targeting gold, nickel, and other minerals, is under exploration with aeromagnetic interpretation and planned drilling. ASQ is seeking strategic partners for these ventures. Financially, ASQ reported cash reserves of $1.28 million and no debt, having sold a rural property for $1.07 million during the quarter. The company is focused on maximizing shareholder returns through its silica and gold projects.
Key Points
  • ASQ is exploring the Gilbert Ranges Project for MGSi quartz with promising results.
  • High Purity Quartz projects aim for Crucible Grade production through purification trials.
  • Koolyanobbing Metals Project targets gold and multiple minerals with exploration underway.
  • ASQ seeks strategic partners for its Koolyanobbing gold projects.
  • Financial position includes $1.28 million cash with no debt after selling a rural property.
  • The company holds 100% interest in various tenements and continues to evaluate economic development potential.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.