Australian Silica Quartz Group (ASQ) AI Stock Analysis

• Market Cap: AU$6.20M
• Dividend Yield: N/A
• Average Volume (3M): 66.22K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.11
• Revenue Growth: N/A
• EPS Growth: -134.48%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Aluminum
• EPS (TTM): >-0.01
• Shares Outstanding: 281,860,380
• 10 Day Avg. Volume: 104,503
• 30 Day Avg. Volume: 66,218
• PEG Ratio: -0.02
• Price to Book (P/B): 1.05
• Price to Sales (P/S): 16.53
• P/FCF Ratio: -2.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: AU$0.02 ▲(0.00% Upside)
• Action: Reiterated Date: 01/24/26
• Date: Action: Reiterated 01/24/26

The score is held back primarily by persistent losses and ongoing cash burn (financial performance), with valuation also constrained by negative earnings (negative P/E). These risks are partly offset by constructive technical momentum, with the stock trading above key moving averages and a positive MACD.

Positive Factors

Conservative balance sheet / no debt

Zero reported debt materially reduces refinancing and solvency risk, giving the company durable financial flexibility. Over 2–6 months this lowers the probability of distress financing, supports the ability to pursue investment or working-capital needs, and cushions cyclical industry shocks.

Very high gross margins

Consistently high gross margins indicate strong product-level economics and potential pricing power. If fixed and overhead costs are managed, these margins provide a structural pathway to profitability as revenue scales, supporting durable operating leverage and margin recovery over the medium term.

Sharp FY2025 revenue rebound

A large revenue rebound signals improving market traction or restored demand for core products. Sustained top-line growth over the next several quarters would underpin operating leverage, improve cash generation prospects, and validate the commercial economics beyond a single-period recovery.

Negative Factors

Structural unprofitability / negative ROE

Persistent net losses and a deeply negative ROE show the business is not generating shareholder returns. Over months this undermines internal funding capacity, constrains reinvestment choices, pressures equity value, and signals that core operations must change to deliver sustainable returns.

Chronic operating and free cash burn

Repeated negative operating and free cash flow means the company cannot self-fund operations or growth. This structural cash burn raises the likelihood of external financing, dilution, or constrained investment, and represents a durable vulnerability to execute strategy without new capital.

Extremely negative net margins and equity erosion

An extraordinarily negative net margin indicates costs far exceed revenues, reflecting structural inefficiencies or one-off write‑downs that destroy value. Combined with declining equity, this undermines long-term capital stability and raises risk that future profits must be very large to restore shareholder value.

Australian Silica Quartz Group Business Overview & Revenue Model

Company Description

Australian Silica Quartz Group Ltd., together with its subsidiaries, engages in the acquisition, exploration, and development of hard rock quartz and high-grade silica sand. It primarily focuses on exploring the Silica Sands projects around Gingin, Albany, and Esperance. The company also holds interests in hardrock quartz projects that consist of 10 granted exploration licenses and 2 applications covering approximately 1,128 square kilometers within Western Australia and Queensland. In addition, it focuses on exploring nickel, copper, and platinum group elements, as well as bauxite. The company was formerly known as Bauxite Resources Limited and changed its name to Australian Silica Quartz Group Ltd. in November 2019. Australian Silica Quartz Group Ltd. was incorporated in 2006 and is based in Subiaco, Australia.

How the Company Makes Money

ASQ generates revenue primarily through the sale of high-purity silica sand and quartz, which are essential inputs for industries such as glass manufacturing, construction, and electronics. The company's key revenue streams include contracts with domestic and international buyers who require silica sand as a raw material for their production processes. Additionally, ASQ may engage in strategic partnerships or joint ventures with other mining entities to enhance its market reach and operational capabilities. Factors contributing to ASQ's earnings include the global demand for silica-based products, efficient mining and processing operations, and the ability to maintain high-quality standards that meet industry specifications.

Australian Silica Quartz Group Financial Statement Overview

Summary

Despite a sharp FY2025 revenue rebound, the company remains structurally unprofitable with very large net losses and consistently negative returns on equity. Cash flow is a major weakness with recurring operating/free cash burn, partially offset by a strong solvency position (no reported debt).

Income Statement

Revenue is highly volatile but showed a sharp jump in FY2025 (up ~288% YoY), following uneven growth in prior years. Despite strong reported gross margins (generally ~86%–100%), the company remains structurally unprofitable with persistent operating losses and deeply negative net margins (FY2025 net margin ~-703%). Overall, the income statement shows improving top-line momentum in the latest year, but profitability remains a major weakness.

Balance Sheet

The balance sheet is conservatively levered with no reported debt across all periods, which materially reduces financial risk. However, equity has declined in FY2025 (likely reflecting ongoing losses), and returns on equity are consistently negative (FY2025 ROE ~-45%), indicating the business is not currently generating shareholder returns. Net-net: strong from a solvency standpoint, weaker on value creation and trend in equity.

Cash Flow

Cash generation is a key concern: operating cash flow and free cash flow are negative in every year shown, with a significant burn in FY2025 (operating/free cash flow about -1.56M) and a sharp deterioration versus FY2024 (free cash flow growth ~-239%). While cash outflows broadly track reported losses (free cash flow to net income ~1x), the company has not demonstrated an ability to self-fund operations, raising ongoing funding risk over time.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	273.48K	70.54K	67.77K	102.33K	76.56K
Gross Profit	273.48K	70.54K	58.62K	99.03K	71.89K
EBITDA	-1.91M	-810.00K	-2.24M	-1.78M	-1.19M
Net Income	-1.92M	-831.00K	-2.25M	-1.80M	-1.19M
Balance Sheet
Total Assets	4.41M	6.07M	6.89M	7.42M	8.48M
Cash, Cash Equivalents and Short-Term Investments	836.76K	2.40M	2.96M	4.76M	5.84M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	100.91K	254.55K	1.28M	142.51K	108.31K
Stockholders Equity	4.31M	5.81M	5.61M	7.27M	8.37M
Cash Flow
Free Cash Flow	-1.56M	-555.43K	-1.80M	-1.06M	-1.02M
Operating Cash Flow	-1.56M	-552.38K	-1.74M	-1.06M	-1.02M
Investing Cash Flow	0.00	-12.06K	-54.13K	-4.00K	-709.00
Financing Cash Flow	0.00	-135.00	-2.37K	-7.49K	3.58M

Australian Silica Quartz Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ASQ, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.16 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ASQ.

Australian Silica Quartz Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CAA	69 Neutral	AU$208.48M	2.43	15.05%	3.09%	3.57%	14.89%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ABX	52 Neutral	AU$27.21M	-1.50	-25.50%	―	-100.00%	-182.93%
ASQ	51 Neutral	AU$6.20M	-3.06	-37.39%	―	―	-134.48%
ENX	50 Neutral	AU$70.45M	-3.71	-61.77%	―	―	-45.08%
GES	44 Neutral	AU$7.83M	-1.72	-63.22%	―	―	-7.41%
MML	40 Underperform	AU$8.65M	-0.54	-81.83%	―	―	―

Australian Silica Quartz Group Corporate Events

Australian Silica Quartz Group Maintains Exploration Focus in Interim 2025 Report

Australian Silica Quartz Group has released its interim financial report for the half-year ended 31 December 2025, highlighting its continued emphasis on exploring hard rock silica quartz deposits in Far North Queensland and Western Australia. The company is also advancing gold exploration activities in Western Australia through its Koolyanobbing Metals Project, reflecting a dual commodity focus.

The report underscores that these exploration programs remain the core operational activity for the period, with governance overseen by a non-executive board that saw one director resign shortly after the half-year. The ongoing work across silica and gold assets positions the group to potentially expand its resource base and refine its strategic direction within Australia’s minerals sector.

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.

Australian Silica Quartz Director Reduces Shareholding via Off‑Market Transfer

Australian Silica Quartz Group has disclosed a change in director Neil Lithgow’s interests following an off‑market share transfer. Lithgow’s total holding of fully paid ordinary shares decreased by 1.8 million to 23,285,148 shares, while his 1,000,000 Tranche 3 performance rights remain unchanged.

The transaction, valued at $34,200, involved shares held through Big Fish Nominees Pty Ltd and Spectral Investments Pty Ltd as part of the Lithgow Family Trust. The company confirmed the trade did not occur during a closed period requiring prior written clearance, indicating routine portfolio adjustment rather than a compliance event.

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.

Australian Silica Quartz Reports Strong Quartz Grades and Advances High-Purity Trials

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.

Australian Silica Quartz Group Cancels 1 Million Unvested Performance Rights

Australian Silica Quartz Group Ltd has announced the cessation of 1,000,000 ASQAA performance rights after the conditions attached to these securities were not met or became incapable of being satisfied, effective 2 January 2026. The lapse of these conditional rights reduces the company’s potential future share dilution and slightly simplifies its capital structure, with limited immediate operational impact but relevance for existing and prospective shareholders monitoring equity-based incentives and issued capital levels.

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.

Australian Silica Quartz Group Announces Departure of Director Pengfei Zhao

Australian Silica Quartz Group Limited has announced that director Pengfei Zhao ceased to be a director of the company effective 2 January 2026. In connection with his departure, Zhao’s 1,000,000 Tranche 3 Performance Rights will lapse upon cessation of employment, while his indirect interest via his wife, who holds 1,000,000 fully paid ordinary shares, remains unchanged, signalling only a governance and remuneration adjustment rather than a broader shift in the company’s capital structure.

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.

Australian Silica Quartz Group Announces Resignation of Non-Executive Director

Australian Silica Quartz Group has announced the immediate resignation of non-executive director Pengfei (Yorke) Zhao from its board, ending his five-year tenure with the company. Non-executive chair Robert Nash thanked Zhao for his contributions and extended well wishes for his future endeavours, with the move representing a board refresh but no indication of broader strategic or operational changes at this stage.

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.

Australian Silica Quartz Group Announces Director’s Interest Change

Australian Silica Quartz Group Ltd announced a change in the director’s interest, specifically regarding Robert Nash’s holdings. On December 4, 2025, 1,000,000 Tranche 2 Performance Rights expired without meeting the performance hurdle, leaving Nash with 1,245,714 fully paid ordinary shares and 1,000,000 Tranche 3 Performance Rights. This change reflects a reduction in potential future equity for Nash, which may influence his financial stake and the company’s executive compensation structure.

Australian Silica Quartz Group Announces Cessation of Performance Rights

Australian Silica Quartz Group Ltd announced the cessation of 8,666,665 performance rights due to unmet conditions, as per the recent notification. This development may impact the company’s capital structure and could influence stakeholder perceptions regarding future performance and strategic direction.

Sandon Capital Ceases Substantial Holding in Australian Silica Quartz Group

Sandon Capital Pty Limited has ceased to be a substantial holder in Australian Silica Quartz Group Ltd as of December 3, 2025. This change in substantial holding was due to an on-market sale of 44,368,020 shares by Sandon Capital Investments Limited, amounting to $842,992. The cessation of substantial holding may impact the company’s shareholder structure and potentially influence its market dynamics.