Australian Silica Quartz Group (AU:ASQ) has released an update.
Australian Silica Quartz Group Limited (ASQ) has made significant strides in their high-grade quartz projects, with an MOU in place with Private Energy Partners to fund exploration and development of the Quartz Hill MGSi Project, aiming for a Scoping Study and mining lease application. The company highlighted a mineral resource estimate of 17.3Mt at 99.04% SiO2, promising prospects for their Koolyanobbing Metals Project, and a strong financial position with $2.39 million in cash and no debt.
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