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Australian Silica Quartz Group Ltd (ASX:ASQ)

ALERT: Price-sensitive ASX Announcement for ASQ
Current share price for ASQ : $0.016 -0.001 (-5.88%)+
Announcement
Release
1 Jul 2026 6:06PM
Price at Release
$0.017
Full Release
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Summary
Australian Silica Quartz Group Ltd (ASQ) has completed the purchase of Australian Kaolin Pty Ltd, acquiring its main asset, the White Swan Kaolin Project. This project, located in Western Australia, holds a 47Mt kaolin resource under a recently granted mining lease. ASQ issued 100 million shares to complete the acquisition, and a mining proposal for a 250,000 tonnes per annum operation has been approved. The project is anticipated to be a significant exporter of direct shipping ore kaolin. ASQ has already secured land access and initiated bulk sampling and distribution of marketing samples to potential customers in Asia. Additionally, ASQ raised $750,000 to support the project's development towards generating export revenue.
Key Points
  • Completion of the purchase of Australian Kaolin Pty Ltd.
  • ASQ issued 100 million fully paid ordinary shares for the purchase.
  • White Swan Kaolin Project has a 47Mt kaolin resource.
  • Mining lease ML 63/688 has been granted for the project.
  • Mining Proposal for 250,000 tonnes per annum approved.
  • Land access for mining is secured on freehold farmland.
  • Bulk sampling and DSO marketing samples are being distributed.
  • $750,000 raised for project progression.
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.