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Australian Silica Quartz Group (ASX:$ASQ) completes maiden 17Mt JORC Resource

ASQ completes maiden 17Mt JORC Resource at Quartz Hill Project


Australian Silica Quartz Group Limited (ASX:$ASQ) has completed a Mineral Resource Estimate (MRE) at the Quartz Hill Metallurgical Grade Silicon (MGSi) Project in Far North Queensland. The Resource stands at 17.3Mt total MGSi quartz at 99.04% SiO2, with 7.6Mt at 99.09% SiO2 reported in the Indicated category.

Executive Commentary on Resource Estimate


Commenting on the resource estimate, Robert Johansen - Senior Director, Minerals at Private Energy Partners, Quinbrook's development affiliate, said 'This mineral resource estimate is well in excess of the initial expected volumes and is a very positive step in securing the quartz supply for Quinbrook's planned polysilicon facility at the Lansdown Eco-Industrial Precinct.'

Summary of ASQ Announcement


Australian Silica Quartz Group Limited (ASX:ASQ) has successfully completed a maiden 17Mt JORC Resource at the Quartz Hill Project, confirming the deposit's potential for MGSi Quartz Lump feedstock. The Resource, with 99.04% SiO2, is a significant step in securing the quartz supply for Quinbrook's planned polysilicon facility at the Lansdown Eco-Industrial Precinct. ASQ received $1 million from Quinbrook for the exclusive right to purchase 10 million tonnes of MGSi Quartz from the mine gate at Quartz Hill. The company is working with Quinbrook to assess Quartz Hill as a source of MGSi feedstock, and further detailed quality testing and feasibility work are underway to confirm the viability of extraction and production.

Sourcehttps://announcements.asx.com.au/asxpdf/20231212/pdf/05ygl72d59xp6n.pdf

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