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Australian Silica Quartz Group Ltd (ASX:ASQ)
ALERT: Price-sensitive ASX Announcement for ASQ
Current share price for ASQ : $0.016 0 (0%)+
Announcement
Release
29 Apr 2025 12:44PM
Price at Release
$0.016
Full Release
Summary
The March 2025 Quarterly Report for Australian Silica Quartz Group Ltd highlights the company's activities and financial performance, noting a cash balance of $985k and no debt. The report details exploration results from the Koolyanobbing Metals Project, including positive gold drilling outcomes, while also emphasizing the company's focus on high-grade silica projects. The Board aims to enhance shareholder value through ongoing exploration and development efforts.
Key Points
- Cash at bank at 31 March 2025 was $985k with no debt.
- The company holds two rural properties valued at $3.5m.
- Exploration results from Koolyanobbing Metals Project indicate promising gold targets.
- The report outlines total net expenditure of $314k for the quarter.
- ASQ continues to progress the Quartz Hill MGSi Project under an offtake agreement.
- The company is seeking partners for its KMP Gold projects.
- No movements in share capital during the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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