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Australian Silica Quartz Group ( (AU:ASQ) ) has issued an update.
Australian Silica Quartz Group Limited has reported significant progress in its Koolyanobbing Metals Project with promising first-pass drilling results indicating gold presence at multiple targets, and plans for further exploration are underway. Additionally, the company is advancing its Quartz Hill MGSi Project with successful metallurgical test results and financial backing from Quinbrook Infrastructure Partners, signaling a positive outlook for their high purity quartz initiatives. The company remains financially stable, with $1.3 million in cash and no debt, supported by valuable rural properties.
More about Australian Silica Quartz Group
Australian Silica Quartz Group Limited is involved in the exploration and development of high-grade and high-purity silica quartz projects, focusing on the production of materials suitable for various industrial applications. The company is actively engaged in projects that target minerals such as gold, nickel, lithium, and copper, highlighting its diverse interests within the mining sector.
YTD Price Performance: 50.0%
Average Trading Volume: 3,377
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $4.41M
For detailed information about ASQ stock, go to TipRanks’ Stock Analysis page.
