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Australian Silica Quartz Group ( (AU:ASQ) ) just unveiled an announcement.
Australian Silica Quartz Group Limited has reported significant progress in its gold exploration activities at the Koolyanobbing Metals Project, with promising drill results and ongoing exploration planning. The company is seeking strategic partners to further develop these projects, highlighting the potential for substantial gold yields. Additionally, ASQ is conducting metallurgical trials for high-purity quartz production and exploring new sources of metallurgical grade silicon quartz in North Queensland. Financially, the company maintains a stable position with $524k in cash and no debt, though future exploration efforts depend on funding from property sales.
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 and quartz projects. The company is also involved in gold exploration, particularly through its Koolyanobbing Metals Project, which targets gold, nickel, lithium, and copper.
Average Trading Volume: 154,577
Technical Sentiment Signal: Hold
Current Market Cap: A$5.64M
For a thorough assessment of ASQ stock, go to TipRanks’ Stock Analysis page.