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An update from Australian Silica Quartz Group ( (AU:ASQ) ) is now available.
Australian Silica Quartz Group has reported encouraging results from its 100%-owned Gilbert Ranges MGSi Quartz Project in Far North Queensland, where 26 rock chip samples taken over a 1.3km hillside returned strong grades, including 15 samples assaying above 99.4% SiO2 with low iron and alumina. The company has lodged an exploration permit application over the area and plans further exploration, highlighting the project’s logistical advantage within trucking distance of the Townsville export port and the proposed Lansdown Critical Minerals Processing facilities. In parallel, ASQ is advancing high purity quartz metallurgical trials at its Lake Seabrook (WA) and Airport Blow (QLD) projects, with independent laboratory work in China and Western Australia delivering quartz powders of 99.993–99.994% SiO2 using its proprietary flowsheet, and ongoing R&D aimed at pushing product quality towards crucible-grade specifications starting around 99.997% SiO2, which could enhance the company’s position in premium quartz markets if successfully achieved.
The most recent analyst rating on (AU:ASQ) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Australian Silica Quartz Group stock, see the AU:ASQ Stock Forecast page.
More about Australian Silica Quartz Group
Australian Silica Quartz Group is an Australian resources company focused on securing and developing hard rock quartz deposits in Western Australia and Queensland. Through its wholly owned subsidiary, it is targeting production of metallurgical grade silicon (MGSi) quartz lump and high purity quartz (HPQ) products, key feedstocks for solar silicon and crucible-grade applications, with an emphasis on advancing processing flowsheets and metallurgical testwork to meet stringent impurity thresholds.
Average Trading Volume: 114,834
Technical Sentiment Signal: Sell
Current Market Cap: A$6.2M
Find detailed analytics on ASQ stock on TipRanks’ Stock Analysis page.