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Australian Silica Quartz Group ( (AU:ASQ) ) just unveiled an announcement.
Australian Silica Quartz Group Limited announced that its Quartz Hill MGSi Quartz Project in Far North Queensland is on hold after Quinbrook Infrastructure Partners decided not to proceed with funding a feasibility study. The decision came after the scoping study revealed that the quartz grades did not fully meet Quinbrook’s updated specifications for their polysilicon manufacturing facility. Despite this setback, ASQ plans to explore other high-priority quartz targets within its extensive portfolio in North Queensland, indicating potential future opportunities for collaboration with Quinbrook or other partners.
More about Australian Silica Quartz Group
Australian Silica Quartz Group Limited operates in the mining industry, focusing on the exploration and development of high-purity silica quartz resources. The company is primarily engaged in projects related to metallurgical grade silicon quartz, with a significant market focus on supplying materials for polysilicon manufacturing.
Average Trading Volume: 130,117
Technical Sentiment Signal: Sell
Current Market Cap: A$4.79M
For a thorough assessment of ASQ stock, go to TipRanks’ Stock Analysis page.