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Australian Silica Quartz Group Ltd (ASX:ASQ)

ALERT: Price-sensitive ASX Announcement for ASQ
Current share price for ASQ : $0.019 0.004 (26.67%)+
Announcement
Release
30 Jul 2026 8:27AM
Price at Release
$0.015
Full Release
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Summary
The June 2026 Quarterly Activities and Cashflow Report for Australian Silica Quartz Group Ltd (ASQ) details the company's financial activities and strategic initiatives. During the quarter, ASQ reported a net expenditure of $252k, primarily driven by exploration, evaluation, and administrative costs. The acquisition of Australian Kaolin Pty Ltd was a notable highlight, aiming to advance the White Swan Kaolin Project. Financially, ASQ maintained $1.33 million in cash reserves, while also securing additional director funds. Exploration of high purity quartz and silica sand continued, alongside efforts to secure joint venture partnerships for gold exploration at the Koolyanobbing Metals Project. ASQ also focused on finding an offtake partner for its kaolin project to commence direct shipping operations.
Key Points
  • ASQ reported a total net expenditure from operating activities of $252k.
  • The company spent $149k on exploration and evaluation activities and $325k on administrative and corporate costs.
  • The report mentions the successful acquisition of Australian Kaolin Pty Ltd, adding the White Swan Kaolin Project to ASQ’s portfolio.
  • ASQ is seeking joint venture partners for its Koolyanobbing Metals Project, focusing on gold exploration.
  • Cash at bank at 30 June 2026 was $1.33m, with no debt and an additional $95k received from Directors in July.
  • ASQ is exploring high purity quartz and kaolin projects, with ongoing research and development efforts.
  • The company issued 32,750,000 new shares at 2 cents per share during the quarter.
  • ASQ is focusing on securing an offtake partner for its White Swan Kaolin project to begin direct shipping operations.
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.