Recent Activities

RECENT ACTIVITIES

HIGH PURITY QUARTZ PROJECTS (QLD & WA)

  • ASQ entered a MOU with Private Energy Partners Pty Ltd (‘PEP’) (a wholly owned affiliate of Quinbrook Infrastructure Partners) to complete exploration at Quartz Hill and progress to a Scoping Study and mining lease application.

  • ASQ have received $1m from PEP to fund this work in return for offtake of up to 10Mt Quartz at a 10% discount to the market price.

  • Heritage clearance survey completed at Quartz Hill, drilling planned to commence in the September quarter.

For further details click here.

 

KOOLYANOBBING METALS PROJECT (KMP)

  • Ground EM surveying completed with three well defined, late time, fixed loop electromagnetic conductors identified.

  • Drill testing of conductors VC4, VC5 and Island Gossan will commence when heritage clearance requirements have been completed.

  • Initial soil sampling over a small portion of the exploration targets has returned several gold anomalies with peak value of 88ppb Au along 6km of the Golden Wishbone Gold Trend.

  • Infill sampling at the identified anomalies completed with results pending.

For further details click here.

 

JULIMAR ASQ DEVEX 50/50 JV - NICKEL COPPER PGE’s

  • Joint Venture partner DevEx have defined thick and extensive differentiated mafic-ultramafic intrusive rocks over a strike length of 12km located on ASQ’s E70/3405, between Chalice Mining Ltd’s (ASX: CHN) Julimar discovery to the south and Caspin Resources Ltd’s (ASX: CPN) Yarawindah Brook Project to the north.

  • The extent of the mafic/ultramafic intrusion, together with confirmation of Fe-Ni-Cu sulphide in drilling, supports the potential for the intrusion to host significant concentrations of Ni-Cu-PGE mineralisation.

  • DevEx have given notice the Stage 1 Earn In Expenditure of $3m has been incurred. ASQ have elected to contribute to the project funding to maintain their 50% interest.

For further details click here.

 

 

SOUTH STIRLING NICKEL COPPER PROJECT

  • ASQ believes the Project has the potential for Ni/Cu magmatic sulphide mineralisation associated with mafic-ultramafic intrusions emplaced into granulite facies country rocks.

  • Aircore hole SS001 confirms the previous anomalous historic drillhole result and extends the thickness of the anomaly with 12m from 26m @ 0.70% Ni and 0.06% Cu, within; 21m from 21m @ 0.58% Ni and 0.06% Cu

  • Land access is currently being sought in priority areas.

For further details click here

 

Research and Development

A Research and Development program has been underway utilising samples collected from the Company’s tenement package. The program involves combining innovative processing techniques with conventional methods with the aim of producing a high purity product (“HPQ”) from ASQ’s existing prospects. Testwork to date indicates the innovative processing flowsheet developed by ASQ’s HPQ R&D program compares favourably to conventional processing methodology (ASQ (2021). Hardrock High Purity Quartz and Silica Update – Revised. ASX Release 15 December 2021). Recent work has focused on the fine tuning of the process parameters and on the commercialisation of the process flowsheet to make it suited to large scale industrial production.

For further details click here.