Recent Activities

RECENT ACTIVITIES

 

KOOLYANOBBING METALS PROJECT (KMP)

 

DRILL RESULTS SUMMARY

Further assays received from the recent first pass reverse circulation (RC) drilling program at the Company’s 100% owned Koolyanobbing Metals Project (KMP) have confirmed the presence of significant near surface high-grade gold mineralisation at the Golden Wishbone Prospect.

Golden Wishbone

  • 2m at 14.2 g/t gold from 11m including 1m at 27.7g/t gold from 11m in ASQRC015 upgrading the previously reported1 4m at 4.4 g/t gold from 8m in ASQRC015
  • The Screen Fire Assay technique used confirms a significant proportion of the gold reported in ASQRC015 is coarse gold greater than 100µm.

Emu

  • 2m at 2.9 g/t gold from 63m including 1m at 3.8 g/t gold from 64m in ASQRC012 upgrading the previously reported1 8m at 0.7 g/t gold from 60m in ASQRC012

ASQ carried out a further aircore drilling program at Golden Wishbone in November 2024. Data compilation and georeferencing of non-digital data recently identified in the Golden Wishbone SE target area is progressing. Future planned work includes reprocessing of recently released high resolution magnetics data to assist with identification of gold mineralisation controlsfollowed by infill and extension drilling of reported zones of mineralisation and other target areas.

For further details click here.

 

 

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  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 was carried out during the 2023 year.

  • Work continued towards a Scoping Study on the Quartz Hill MGSi Project in North Queensland following the December 2023 Mineral Resource Estimate of 17.3Mt at 99.04% SiO2 reported in accordance with JORC 2012.
  • Metallurgical testwork to demonstrate potential for Quartz Hill to produce ore suitable for MGSi manufacturing progressed during  2024 and is expected to be finalised during the December Quarter.

 

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.