Australasian Metals Limited (AU:A8G) has released an update.
Australasian Metals Limited has announced a promising Exploration Target for the Dingo Hole Highly Pure Quartz Project in the Northern Territory, with estimates ranging from 10.4 to 42.6 million tonnes at exceptional purity levels suitable for high-end applications. The project, situated near Alice Springs, boasts significant accessible outcropping silica mineralization and potential for rapid advancement to a maiden resource estimate, positioning the company favorably in the growing market for high-purity quartz used in AI semiconductors and solar silica.
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