Australian Silica Quartz Group (ASQ) AI Stock Analysis

• Market Cap: AU$5.07M
• Dividend Yield: N/A
• Average Volume (3M): 66.22K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.21
• 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: 45 Neutral
• Price Target: AU$0.02 ▼(-10.00% Downside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is primarily held back by ongoing losses and accelerating cash burn, which outweigh the benefit of recent revenue growth. Technical indicators also point to a weak trend (below key moving averages with negative MACD). Valuation is difficult to assess on earnings due to a negative P/E and no stated dividend support.

Positive Factors

Solvency / No Debt

A debt-free balance sheet materially reduces refinancing and interest-rate risks and preserves strategic optionality. Over the medium term this improves resilience to cyclical downturns, gives flexibility to fund capex or M&A, and lowers immediate solvency risk for the business.

Top-line Rebound

A pronounced FY2025 revenue rebound indicates renewed market traction or successful commercial execution. If sustained, higher scale can enable fixed-cost absorption and support a path toward operating leverage; durable demand recovery is a key building block for longer-term profitability.

High Gross Margins

Consistently very high gross margins point to structurally advantaged product economics or low direct input costs. These margins create room to fund overhead and R&D as revenue scales, improving the odds that operating leverage can convert top-line gains into sustainable profits over time.

Negative Factors

Structural Losses & Negative ROE

Persistent large net losses and deeply negative ROE erode shareholder equity and signal the business is not generating acceptable returns. Over months this constrains reinvestment, increases need for external capital, and raises long-term questions about the viability of the current business model.

Chronic Cash Burn

Consistent operating and free cash outflows indicate the company cannot self-fund operations or growth. This persistent cash burn elevates refinancing and dilution risk, limits strategic flexibility, and makes sustained investment or scaling contingent on external funding.

Volatile Revenue History

High revenue volatility undermines reliable forecasting, leads to uneven capacity utilization, and complicates margin improvement plans. Structural unpredictability in demand increases execution risk and makes it harder to convert gross-profit strength into steady, long-term operating 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

null

Australian Silica Quartz Group Financial Statement Overview

Summary

Despite sharp revenue growth in the latest year and a debt-free balance sheet, the company remains structurally unprofitable with widening losses and persistent (and deteriorating) negative operating and free cash flow, increasing funding and execution risk.

Income Statement

Revenue has grown sharply in the latest year (2025 annual revenue up materially from 2024), but the company remains structurally unprofitable with sizable operating and net losses each year. Profitability is weak with consistently negative operating and net margins, and losses widened again in 2025 versus 2024, indicating scaling of revenue has not translated into earnings improvement yet.

Balance Sheet

The balance sheet is conservatively financed with no reported debt across periods, which meaningfully reduces financial risk and interest burden. However, equity has declined from prior highs and returns on equity are consistently negative due to ongoing losses, suggesting the company is consuming shareholder capital rather than compounding it.

Cash Flow

Cash generation is a key weakness: operating cash flow and free cash flow are negative every year, with a large deterioration in 2025 versus 2024. While cash burn broadly tracks reported losses (free cash flow to net income around 1x), the persistent and recently accelerating outflows heighten funding risk unless profitability or external financing improves.

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: Positive

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 equal to 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 43.60 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, 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
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SQX	52 Neutral	AU$9.97M	-2.84	-0.03%	―	―	―
IND	48 Neutral	AU$8.43M	-8.41	-26.29%	―	―	-21.69%
WYX	48 Neutral	AU$6.29M	-2.94	-36.71%	―	―	21.34%
ASQ	45 Neutral	AU$5.07M	-3.06	-25.39%	―	―	-134.48%
RWD	42 Neutral	AU$11.24M	-3.73	99.38%	―	―	93.44%
MML	40 Underperform	AU$7.24M	-2.02	-84.40%	―	―	―

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.