Allup Silica's Quarterly Activities Report for the period ending 31 March 2024

Allup Silica Limited (ASX: $APS) has released its Quarterly Activities Report for the three-month period ending 31 March 2024. The report highlights significant findings at the Cabbage Spot and Sparkler silica sand projects in Western Australia, showcasing the company's progress in achieving high-purity silica sand and its potential applications in high-tech and photovoltaic industries. The company's Managing Director, Andrew Haythorpe, expressed satisfaction with the exceptional results from the latest testwork, emphasizing the strategic significance of these developments.

Executive Commentary on Testwork Results

This quarter has marked a pivotal moment for Allup Silica as we continue to achieve and exceed our strategic goals. The exceptional results from our latest testwork at the Sparkler Project not only underscore our commitment to innovation and quality but also enhance our capability to meet the growing demands of the high-tech and photovoltaic industries. At Cabbage Spot, our latest sampling round identified multiple expansive areas of High Purity Silica Sand (HPSS), with 43 surface samples returning SiO2 grades over 98%, peaking at 99.4%. These results bolster our confidence in the site's viability for high-tech and photovoltaic applications, and we are currently conducting beneficiation testwork to further this potential. At the Sparkler Project, we've completed significant bulk sample testwork with CDE Global, achieving beneficiated SiO2 content of 99.84% and effectively reducing key contaminants like Fe2O3, Al2O3, and TiO2 with conventional sand washing. This enhances the sand's applicability in specialised industries and exceeds industry standards for high-purity applications. These developments mark a significant milestone in our understanding and capability to produce superior quality silica sand, laying a strong foundation as we continue to unlock the potential of our projects.

Summary of Quarterly Report and Outlook

The Quarterly Activities Report by Allup Silica Limited for the period ending 31 March 2024 showcases the company's significant progress in identifying high-purity silica sand at the Cabbage Spot and Sparkler projects in Western Australia. The findings, including SiO2 grades exceeding 98% and exceptional beneficiated SiO2 content of 99.84%, demonstrate the company's dedication to innovation and quality. These results not only enhance the company's capability to meet the growing demands of the high-tech and photovoltaic industries but also lay a strong foundation for the future development of high-quality silica resources. The ongoing beneficiation testwork at Cabbage Spot and the successful reduction of key contaminants at the Sparkler Project highlight the company's commitment to expanding its portfolio of high-quality silica resources. Additionally, the company's engagement in strategic corporate activities and its presentation at the Future Facing Commodities Conference in Singapore reflect its efforts to strengthen business operations and enhance shareholder value. Allup Silica's dedication to unlocking the potential of its projects and its focus on developing a commercial silica sand product that meets industry specifications position the company for continued growth and success in the future.