Australian Silica Quartz Group starts drilling at Quartz Hill

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Australian Silica Quartz Group Ltd (ASX:ASQ) has started a diamond drill hole within the Quartz Hill mineral resource to collect samples for metallurgical testing. The Quartz Hill MGSi Project is 300 kilometres northwest of Townsville in Far North Queensland and contains a JORC 2012 resource of 17.3 million tonnes of MGSi quartz at 99.04% SiO2. Detailed quality testing and feasibility studies may enable this resource to support Quinbrook’s proposed polysilicon manufacturing facility at the Lansdown Eco-Industrial Precinct in Townsville. As part of the Quartz Hill MGSi Project Scoping Study, ASQ is conducting metallurgical tests to characterise the expected quartz lump product. The drilling, performed by DDH1 Drilling Pty Ltd, uses a larger diameter PQ core size to a planned depth of 100 metres, twinning RC hole ASQQHRC010. Testing will include crushing, screening, pressure washing, scrubbing and ore sorting. The work program is funded by Quinbrook's July 2023 contribution to ASQ’s exploration costs. ASQ is developing the project under a Project Development Heads of Agreement with Quinbrook Infrastructure Partners, a specialist energy transformation investment manager. Quinbrook plans to develop a polysilicon manufacturing facility and large-scale solar and battery storage project at the Lansdown Eco-Industrial Precinct, conditional on its allocation of 200 hectares in 2023. ASQ received $1 million from Quinbrook for the exclusive right to purchase 10 million tonnes of MGSi Quartz at a discount. Quartz Hill is on EPM 26702, 10 kilometres north of Mount Surprise. #ProactiveInvestors #AustralianSilicaQuartzGroup #ASX #ASQ #Silica #Quartz #MGSiProject #QuartzHill #LansdownEco-IndustrialPrecinct #Townsville #Quinbrook #Polysilicon #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews