Australian Silica Quartz Group Limited (AU:ASQ) has released an update.
Australian Silica Quartz Group Limited (ASQ) is progressing well with its high-grade quartz projects, including advancing a Scoping Study for the Quartz Hill MGSi Project and securing a memorandum of understanding with Private Energy Partners for exploration and offtake agreements. The company completed preliminary ecological studies and plans further drilling and metallurgical testing. Financially, ASQ reported a healthy cash position of $2.65m with no debt and additional assets worth $2.26m as of March 2024.
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