Australian Silica Quartz Group (ASQ) AI Stock Analysis

• Market Cap: AU$5.36M
• Dividend Yield: N/A
• Average Volume (3M): 66.22K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.12
• 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 ▼(-5.00% Downside)
• 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)

The absence of reported debt materially reduces solvency risk and gives management optionality to fund growth or restructure without interest burdens. Over months, a debt-free balance sheet lowers bankruptcy risk and improves flexibility to raise capital on better terms if needed.

Strong FY2025 revenue rebound

A pronounced top-line recovery signals improving market traction or contract wins that can be sustained over quarters. Durable revenue growth creates potential to leverage fixed costs, improve margins, and reduce reliance on external funding if management converts momentum into repeatable sales.

High gross margins historically

Very high gross margins indicate strong product-level economics or low direct costs for silica/quartz sales. If the company sustains and scales revenue, these margins provide room to cover operating expenses and suggest long-term potential for margin recovery as operating leverage kicks in.

Negative Factors

Structural unprofitability and negative ROE

Persistent large net losses and consistently negative ROE (~-45% in FY2025) show the business is not creating shareholder value. Over months this limits reinvestment capacity, hampers credibility with lenders/investors, and raises pressure for strategic change or recapitalization.

Chronic cash burn

Repeated negative operating and free cash flow indicates the company cannot self-fund operations. This enduring cash burn creates runway risk, forces reliance on external financing or dilution, and constrains investment in scaling or margin-improvement initiatives over the medium term.

Volatile historical revenue

Substantial volatility in revenue raises forecasting and execution risk; one-year rebounds may not persist. For a capital-intensive product cycle, unpredictable top line makes planning, supply agreements, and margin stability harder, undermining reliable paths to sustainable profitability.

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: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 Negative. 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 bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.67 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$200.07M	2.43	15.06%	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$24.67M	-1.50	-25.50%	―	-100.00%	-182.93%
ASQ	51 Neutral	AU$5.36M	-3.06	-25.39%	―	―	-134.48%
ENX	50 Neutral	AU$87.01M	-3.71	-80.90%	―	―	-45.08%
GES	44 Neutral	AU$7.05M	-1.72	-63.22%	―	―	-7.41%
MML	40 Underperform	AU$8.05M	-0.98	-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.