Australian Silica Quartz Group addresses ASX query

Australian Silica Quartz Group (ASX:ASQ) has responded to an enquiry from the Australian Securities Exchange regarding a recent increase in its securities price. The company stated that there is no undisclosed information that would explain the rise. They referred to recent positive gold exploration results from the Koolynobbing Metals Project.

Overview and future outlook for ASQ

Australian Silica Quartz Group (ASX:ASQ) has clarified that it is unaware of any non-public information that might have influenced the recent price increase of its securities. The company pointed out its recent announcement regarding positive gold drilling results at the Koolynobbing Metals Project as a possible factor contributing to market interest. ASQ emphasized its compliance with ASX Listing Rules and confirmed that the board authorized the response to the ASX's price query. Investors are awaiting detailed assay results, expected within two weeks, which could impact future trading activity. ASQ's ongoing exploration at Koolynobbing and future discoveries remain of interest to stakeholders.

Executive commentary on ASX query response

ASQ confirmed that, to the best of its knowledge, there is no undisclosed information that could explain the recent trading activity. The company acknowledged a prior announcement about encouraging gold exploration drilling results at the Koolynobbing Metals Project on October 17, 2024.