New Risk • Jul 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Revenue is less than US$1m (AU$52k revenue, or US$36k). Market cap is less than US$10m (AU$7.13m market cap, or US$4.95m). Announcement • Jul 02
Australian Silica Quartz Group Ltd. has completed a Follow-on Equity Offering in the amount of AUD 0.75 million. Australian Silica Quartz Group Ltd. has completed a Follow-on Equity Offering in the amount of AUD 0.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,750,000
Price\Range: AUD 0.02
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,750,000
Price\Range: AUD 0.02
Transaction Features: Subsequent Direct Listing Announcement • Apr 22
Australian Silica Quartz Group Ltd. (ASX:ASQ) entered into a Sale and Purchase Agreement to acquire Australian Kaolin Limited for AUD 2.2 million. Australian Silica Quartz Group Ltd. (ASX:ASQ) entered into a Sale and Purchase Agreement to acquire Australian Kaolin Limited for AUD 2.2 million on April 21, 2026. The consideration consists of 100 million common equity of Australian Silica Quartz Group Ltd. to be issued for common equity of Australian Kaolin Limited. As part of consideration, AUD 2.2 million is paid towards common equity of Australian Kaolin Limited.
The transaction is subject to consummation of due diligence investigation, approval by regulatory board / committee, approval of offer by acquirer shareholders, third party approval needed and completion of separate transaction. Announcement • Apr 21
Australian Silica Quartz Group Ltd. has filed a Follow-on Equity Offering in the amount of AUD 0.75 million. Australian Silica Quartz Group Ltd. has filed a Follow-on Equity Offering in the amount of AUD 0.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,750,000
Price\Range: AUD 0.02
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,750,000
Price\Range: AUD 0.02
Transaction Features: Subsequent Direct Listing New Risk • Mar 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m (AU$52k revenue, or US$37k). Market cap is less than US$10m (AU$5.07m market cap, or US$3.58m). Announcement • Jan 02
Australian Silica Quartz Group Limited Announces Resignation of Pengfei Zhao as Non-Executive Director Australian Silica Quartz Group Limited announced that Mr. Pengfei Zhao has advised the Board of his immediate resignation from his position as a Non-Executive Director. Recent Insider Transactions • Dec 10
Non-Executive Director recently bought AU$52k worth of stock On the 4th of December, Neil Lithgow bought around 3m shares on-market at roughly AU$0.019 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Recent Insider Transactions • Dec 06
Non-Executive Director recently bought AU$52k worth of stock On the 4th of December, Neil Lithgow bought around 3m shares on-market at roughly AU$0.019 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Nov 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.6m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 1.7% per year over the past 5 years. Revenue is less than US$1m (AU$52k revenue, or US$34k). Market cap is less than US$10m (AU$5.36m market cap, or US$3.49m). Announcement • Oct 21
Australian Silica Quartz Group Ltd., Annual General Meeting, Nov 20, 2025 Australian Silica Quartz Group Ltd., Annual General Meeting, Nov 20, 2025. Location: at suite 10, 295 rokeby road, subiaco, western australia, Australia New Risk • Sep 20
New major risk - Revenue and earnings growth Earnings have declined by 1.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.6m free cash flow). Earnings have declined by 1.7% per year over the past 5 years. Revenue is less than US$1m (AU$273k revenue, or US$180k). Market cap is less than US$10m (AU$5.07m market cap, or US$3.35m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Announcement • Mar 31
Australian Silica Quartz Group Ltd. Provides Update on Recent Exploration Undertaken on the Golden Wishbone Gold Trend Within the Company's 100% Owned Koolyanobbing Metals Project Australian Silica Quartz Group Limited provided the following update on recent exploration undertaken on the Golden Wishbone Gold Trend within the Company's 100% owned Koolyanobbing Metals Project (KMP). The KMP forms a strategic tenement package totaling 320km and covers 56% of the Koolyanobbing Greenstone Belt and 38km in strike of the crustal scale Koolyanobbing Shear Zone that runs along the western edge of the greenstone package. The Golden Wishbone Gold Trend consists of an 8km long corridor within the Koolyanobbing Greenstone Belt containing of a series of gold in soil anomalies and mineralised drill holes within a sequence of mafic igneous, metasedimentary and banded iron formation (BIF) rocks. The Golden Wishbone Target consists of a 650m strike length gold in soil anomaly lying at the northern end of the 8km gold trend. The target encompasses the abandoned 1930's Golden Wishbone mineshaft with reported production of 204 ounces from 344 tonnes giving an average grade of 18g/t from a single quartz vein3. Whilst several historic surface prospecting trenches have been constructed in the area, the public record suggests no modern exploration has been undertaken. During September 2024 a four hole, 413m RC program was completed testing the central part of the gold target resulting in several mineralised intersections including best intercept of 1m at 27.7g/t Au from 11m in ASQRC015. The process of converting all nondigital historic drilling records for the Golden Wishbone SE area into digital data has now been completed. Ground truthing of selected hole locations to confirm local grid coordinate conversions was carried out. In total historic records for 379 holes drilled for 9,085m were converted. These holes were drilled in the 1980's and mid 1990's by then ASX listed Great Fingal Mining Company NL and Burmine Operations Ltd. Generally, the historic drilling was all shallow with the average hole depth being 24m. The deepest historic hole at Golden Wishbone SE is 71m. Multiple historic holes end in mineralisation. New Risk • Mar 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.6m free cash flow). Earnings have declined by 0.9% per year over the past 5 years. Revenue is less than US$1m (AU$26k revenue, or US$16k). Market cap is less than US$10m (AU$7.89m market cap, or US$4.96m). Board Change • Jan 09
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Chairman of the Board Rob Nash was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Oct 10
Australian Silica Quartz Group Ltd., Annual General Meeting, Nov 19, 2024 Australian Silica Quartz Group Ltd., Annual General Meeting, Nov 19, 2024. New Risk • Jun 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m (AU$68k revenue, or US$45k). Market cap is less than US$10m (AU$9.87m market cap, or US$6.56m). Announcement • Oct 18
Australian Silica Quartz Group Ltd., Annual General Meeting, Nov 23, 2023 Australian Silica Quartz Group Ltd., Annual General Meeting, Nov 23, 2023, at 11:00 W. Australia Standard Time. Location: Suite 10, 295 Rokeby Road Subiaco Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider adoption of remuneration report; to consider re-election of directors; and to consider other matters. New Risk • Sep 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.7% per year over the past 5 years. Revenue is less than US$1m (AU$102k revenue, or US$66k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$20.6m market cap, or US$13.3m). New Risk • Aug 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.2m (US$9.86m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.7% per year over the past 5 years. Revenue is less than US$1m (AU$102k revenue, or US$66k). Market cap is less than US$10m (AU$15.2m market cap, or US$9.86m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). New Risk • Aug 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.7% per year over the past 5 years. Revenue is less than US$1m (AU$102k revenue, or US$67k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$20.3m market cap, or US$13.3m). Announcement • Dec 09
Australian Silica Quartz Group Ltd. Announces the First Soil Sample Results from the Newly Formed Koolyanobbing Metals Project Australian Silica Quartz Group Ltd. announced the first soil sample results from the newly formed Koolyanobbing Metals Project (KMP). ASQ have now completed first pass soil sampling on the northern section of the Golden Wishbone Gold Trend with highly encouraging results. The Golden Wishbone Gold Trend comprises a 7km strike length trend of gold anomalism and occurrences that follow an interpreted shear zone on an ultramafic contact. The abandoned 1930's golden Wishbone mineshaft lies at the northern end of the trend with reported production of 204 ounces from 344 tonnes giving an average grade of 18g/t from quartz veins. At the southern end of the trend lies a 1.5km Au in soils anomaly with results up to 0.4g/t defined by previous explorers. Exploration of this anomaly has been limited to soil sampling and shallow aircore drilling that failed to penetrate significantly into the fresh basement rocks under thin tertiary cover. The majority of the trend between the gold soil anomaly and the historical shaft has only sparse soil and rock chip sampling. This is likely to be due to the ground being held tightly until 2017 as part of the adjacent Koolyanobbing Iron Ore mine tenure. Although the historic sampling is patchy, there have been rock chip samples up to 2.68g/t. 373 soil samples were collected over the Golden Wishbone Gold Trend along the interpreted trace of the crustal-scale Koolyanobbing Shear Zone. 500m spaced lines were sampled at 50m intervals with samples predominantly collected from residual soils. The results defined four discrete single line anomalies and a broader elongate anomaly approximately 2.5km in strike length. ASQ considers background gold in soils to be 1-4ppb with anything over 10ppb Au anomalous. Of the 373 samples assayed, 53 returned results of 10ppb Au or greater and 16 samples had greater than 25ppb Au with a peak result of 88ppb Au. Planning is underway to complete infill soil sampling and more detailed regolith and landform mapping in the anomalous areas early in 2023 with drilling to follow. A further 1,372 soil samples have been collected from prospective areas within the Project in recent weeks, with results expected in First Quarter 2023. The planned fixed loop ground electromagnetic (FLEM) survey has been delayed by late-season rains flooding Lake Seabrook but is expected to be completed in the coming weeks and aims to test one strong late-time airborne EM conductor located within the lake along with several lower order airborne EM anomalies and an area of outcropping gossan with associated anomalous copper in rock chip results. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman of the Board Rob Nash was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 17
Australian Silica Quartz Group Ltd. (ASX:ASQ) entered into an agreement to acquire Tenements E77/2645, E77/2675 and E77/2912 for AUD 0.44 million. Australian Silica Quartz Group Ltd. (ASX:ASQ) entered into an agreement to acquire Tenements E77/2645, E77/2675 and E77/2912 for AUD 0.44 million on August 11, 2022. Consideration to pay Netley a non-refundable sum of AUD 50,000 cash, issue Netley (or its nominee) 5,000,000 fully paid ordinary Shares in the Company at a deemed issue price of AUD 0.056 per Share and issue Netley up to a maximum total of 1,500,000 performance shares upon
the achievement of certain Milestone Hurdles Announcement • Sep 29
Australian Silica Quartz Group Ltd., Annual General Meeting, Nov 24, 2022 Australian Silica Quartz Group Ltd., Annual General Meeting, Nov 24, 2022. Agenda: To consider re-election of directors. Announcement • Jun 04
Australian Silica Quartz Group Limited Updates on the Company's Exploration Activities at its 100% Owned South Stirling Project in the Southwest of Western Australia Australian Silica Quartz Group Limited provided the following update on the Company's exploration activities at its 100% owned South Stirling Project in the Southwest of Western Australia. ASQ has established the South Stirling Ni/Cu Project by way of four exploration lease applications lodged covering 1,603 km2 over the Albany Fraser Mobile Belt, South-Western WA where the Company has identified a historic end of hole aircore drilling assay with anomalous nickel and copper that was never followed up. ASQ considers the application area has potential for Nickel-Copper magmatic sulphide mineralisation associated with mafic-ultramafic intrusions emplaced into granulite facies country rocks. The company recently twinned the anomalous historic drillhole completed by Iluka Resources Limited ("Iluka") by way of a single vertical aircore hole SS001. The Iluka hole (W00324) returned an end of hole assay of 1.5m at 0.79% Ni, 934 ppm Cu from 28.5m. Iluka recorded the rock type as saprolite suggesting fresh basement rocks had not been reached. ASQ's SS001 was terminated at 52m due to difficult drilling conditions prior to intersecting fresh basement rock. The encouraging assay results from SS001 are presented in Table 1 and include intersections; 12m from 26m@ 0.70% Ni and 0.06% Cu, within 21m from 21m @ 0.59% Ni and 0.05% Cu with maximum recorded valuesof 9,237ppm (0.92%) Ni from 28-30m and 1,007ppm Cu from 38-42m consistent with the previously reportedIluka result. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman of the Board Rob Nash was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 10
Australian Silica Quartz Group Ltd. Announces Changes to the Board of Directors Australian Silica Quartz Group Limited announced that Mr. Zhaozhao Wang has resigned his position as a director of the Company with effect from 9 October 2020. In accordance with the Company's Constitution, the Board has appointed Mr. Pengfei Zhao, as a non-executive director to replace Mr. Wang on the Board. Mr. Zhao is Perth based and has been acting as Mr. Wang's alternate director on the Board since April 2019. He is also a manager and director of several proprietary companies with involvement in the areas of mineral exploration, agriculture, entertainment, international trading and investment. Mr. Zhao's appointment is until the Company's Annual General Meeting later this year, at which time is required to submit himself for election. Announcement • Sep 24
Australian Silica Quartz Group Limited Provides Exploration Update Australian Silica Quartz Group Limited provided an update on recent exploration developments. ASQ has secured a strategic position in the Biranup Zone of the Albany-Fraser Orogeny located in the south-west of Western Australia in the shires of Plantagenet and the City of Albany. ASQ has applied for four tenements totaling 1,603 km2. The Company has identified an anomalous drill hole from a 2015 Iluka Exploration Pty Ltd. mineral sands exploration program. Iluka drilled 39 broad spaced air-core holes within the application area looking for mineral sand deposits in the overlying tertiary sediments. Iluka routinely assayed the end of hole samples wherever the hole ended in crystalline basement rocks. Drill hole W00324 was logged as ending in dark orange brown saprolite at a depth of 28.5 30 m. The Company considers the copper, nickel and chromium results to be highly anomalous. Anglo American Exploration conducted exploration for base metals in 2000 across the area of interest including surface sampling, geophysics, air-core and RC drilling without making a significant discovery. Interestingly, W00324 is located 240 m from a 54 m deep Anglo air-core drill hole that appears to have been part of a two hole program designed to test an airborne magnetics or surface geochemistry target that had been followed up with ground-based magnetics. The Anglo drill hole failed to return significant assay results. The Company believes Anglo may have missed the target with their wide spaced drilling. Albany Silica Sand Project: The Company has entered into an Exploration and Mining Access agreement on a property located 70 km east of Albany. This property has been selected following extensive desktop assessment and roadside reconnaissance over the last +18 months. The access agreement covers an area of 189 Ha located on ASQ's 100% owned exploration license E70/5262 and covers access for both exploration and also for mining should the project progress to development. The land access agreement has now been lodged with the Department of Mines, Industry, Regulation and Safety along with a Program of Works application for a drill program designed to define the extent and quality of silica sand present. Drill rig availability has been confirmed and it is expected that the drilling will be completed by the end of 2020. If successful, the drilling will be followed by resource estimation and metallurgical test work. 
