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Australian Silica Quartz Group Ltd (ASX:ASQ)

ALERT: Price-sensitive ASX Announcement for ASQ
Current share price for ASQ : $0.015 -0.007 (-31.82%)+
Announcement
Release
29 Apr 2026 1:32PM
Price at Release
$0.022
Full Release
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Summary
Australian Silica Quartz Group Ltd reported a cash balance of $945,000 as of March 31, 2026, and is debt-free. The company owns a valuable property in Bindoon and is concentrating on its silica and gold exploration projects, notably the Koolyanobbing Metals Project. Plans to acquire Australian Kaolin Pty Ltd are underway to further expand their operations. The company maintained stable share capital with an issuance of 281,860,377 shares, and reported a net cash outflow of $336,000 from operations for the quarter. A placement led by Taylor Collison Securities is expected to raise $750,000. The Gilbert Ranges Project remains a key area for metallurgical silicon quartz exploration, alongside ongoing R&D for high purity quartz products.
Key Points
  • Australian Silica Quartz Group Ltd held $945,000 in cash at the end of March 2026.
  • The company has no debt and owns a property in Bindoon, Western Australia valued at $2.5 million.
  • ASQ is focusing on its silica and gold projects, particularly the Koolyanobbing Metals Project.
  • The company plans to finalize the acquisition of Australian Kaolin Pty Ltd.
  • ASQ aims to enhance the value of its projects through exploration and development activities.
  • There were no changes in share capital during the quarter, with 281,860,377 shares on issue.
  • The company had a net cash outflow of $336,000 from operating activities for the quarter.
  • ASQ engaged Taylor Collison Securities for a placement of 37.5 million shares to raise $750,000.
  • The Gilbert Ranges Project is a focus area for metallurgical grade silicon quartz exploration.
  • ASQ continues research and development on high purity quartz for crucible grade production.
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.