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Australian Silica Quartz Group Ltd (ASX:ASQ)

ALERT: Price-sensitive ASX Announcement for ASQ
Current share price for ASQ : $0.017 0.002 (13.33%)+
Announcement
Release
7 Aug 2026 8:29AM
Price at Release
$0.015
Full Release
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Summary
Australian Silica Quartz Group Ltd (ASQ), listed on the ASX under the code ASQ, has provided a market update highlighting its advancements with the White Swan Kaolin Project and its broader mineral portfolio. The company has secured mining approval for a 250,000 tonnes per annum direct shipping ore operation at the White Swan Kaolin Project, with a 47.3 million tonnes inferred resource. This project benefits from infrastructure advantages, being located 35 kilometers from the Port of Esperance. ASQ also reports progress in its high purity quartz programs, achieving 99.994% SiO2 in testwork, and holds a diverse portfolio including silica, quartz, gold, and bauxite assets. The company is actively seeking offtake partners and is conducting bulk sampling and market assessments, especially focusing on the Asian markets. ASQ maintains a strong capital structure with no debt and recent funding through a placement.
Key Points
  • ASQ's White Swan Kaolin Project has received mining approval for a 250,000tpa operation.
  • The project features a 47.3Mt inferred resource and is situated 35km from Esperance Port.
  • ASQ achieved 99.994% SiO2 in high purity quartz testwork.
  • The company is seeking offtake partners and conducting market assessments.
  • ASQ's portfolio includes silica, quartz, gold, and bauxite assets.
  • The company completed a $750,000 placement and carries no debt.
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.