Allup Silica Reports High-Grade Quartz Sands In Situ Averaging 98.8% SiO2 at Sparkler C
Rundes Icon von GOLDINVEST - Das Investor-Magazin für Rohstoff-News und Rohstoff-Aktien
Editorial Team
Rundes Icon von GOLDINVEST - Das Investor-Magazin für Rohstoff-News und Rohstoff-Aktien
Editorial Team

Following successful hand drilling on private and cleared farmland within its Sparkler C project, Allup Silica Limited (ASX: APS; FRA: U77) is already planning air core drilling and full metallurgical processing tests in the first quarter of the coming year.

Within Sparkler C, out of the 30 initial drill samples taken across the target area, 21 holes provided results above the cut-off value of 98%, with an average quartz content of 98.8% (SiO2) and an iron content of 2094 ppm (Fe2O3). The average surface grades of the 21 boreholes were 98.8% SiO2. The auger samples have identified high-purity quartz sand to a depth of 2.4 m with the potential for high-grade quartz sand that could be processed to grades of 99.5% silicon dioxide (SiO2) and less than 100 ppm iron (Fe2O3). Such purity grades are required for glass manufacturing.

Allup is focusing its exploration at Sparkler on cleared privately owned land. The added value for farmers could be in removing sand from farmland and exposing the more valuable soil types that may lie beneath. Sparkler C is located in the same area as Sparkler A (see ASX announcement dated June 30, 2022), where the results of metallurgical processing tests were (on average) 99.7% SiO2 and 84 ppm Fe2O3. These are values suitable for glass used in the photovoltaic industry (solar cells).

The upcoming air core drilling aims to expand the Sparkler silica sand project and search for additional suitable quartz sands in addition to the inferred mineral resource estimate of 70 million tonnes at Sparkler A (see ASX announcement dated June 30, 2022).

Andrew Haythorpe, Chairman of Allup Silica, commented: “The results of the hand drilling program on our Sparkler C project area have delivered the results we hoped for. I look forward to the next drilling phase, which will provide a better understanding of the extent of the high-grade resource.”


Conclusion: The young quartz sand company Allup Silica has only been listed on the stock exchange since March 2022 and raised 5 million AUD at 0.20 AUD during the IPO. As announced, the company is systematically working through its business plan and evaluating quartz sand projects across Australia. It is encouraging that the work on the very first project from its extensive portfolio is already being rewarded with very good results. Allup aims to benefit in the long term from the increasingly scarce supply of high-purity sands for the glass or photovoltaic industry.

Newsletter

Don't miss any news and stay informed about the commodity market at all times!

Risk Notice Disclaimer

I. Information Function and Disclaimer
GOLDINVEST Consulting GmbH offers editors, agencies, and companies the opportunity to publish comments, analyses, and news on www.goldinvest.de. The content is solely for general information and does not replace individual, professional investment advice. This does not constitute financial analysis or sales offers, nor is there a call to action to buy or sell securities. Decisions made based on the published information are made entirely at your own risk. No contractual relationship is established between GOLDINVEST Consulting GmbH and the readers or users, as our information relates exclusively to the company and not to personal investment decisions.

II. Risk Disclosure
The acquisition of securities involves high risks that can lead to the total loss of invested capital. Despite careful research, GOLDINVEST Consulting GmbH and its authors assume no liability for financial losses or the content guarantee regarding timeliness, accuracy, adequacy, and completeness of the published information. Please also note our further terms of use.

III. Conflicts of Interest
In accordance with §34b WpHG and §48f Para. 5 BörseG (Austria), we point out that GOLDINVEST Consulting GmbH and its partners, clients, or employees hold shares in the above-mentioned companies. Furthermore, there is a consulting or other service contract between these companies and GOLDINVEST Consulting GmbH, and it is possible that GOLDINVEST Consulting GmbH may buy or sell shares of these companies at any time. These circumstances may lead to conflicts of interest, as the above-mentioned companies compensate GOLDINVEST Consulting GmbH for reporting.