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Silica company makes trial shipment to South Korea

 

Australasian Silica Quartz has completed a trial shipment from Fremantle, Western Australia to South Korea.

Australasian Silica Quartz (ASQ) alongside Urban Resources first agreed to utilise Urban’s silica sand deposit in WA in 2019.

A total of 45 tonnes of silica sand product was freighted in the trial shipment, suitable for the glass manufacturing, foundry, coatings and electronic industries.

The two products shipped include “ASQ-GWW1”, which is a washed sand product available in stockpiles, and the higher-grade ASQ-GWSC1 product.

ASQ has received a 50 per cent part payment in advance for the trial shipment.

The company chose not to reveal the sand price for the trial shipment which it described as “commercially sensitive and confidential”.

There is scope that the trial shipment will lead to an ongoing bulk off-take agreement.

ASQ’s silica sand and hard rock projects are located across Western Australia and Queensland, consisting of 12 exploration licences and eight applications.

The company’s high grade silica sand projects are located in the Albany, Gingin and Esperance regions of WA.

ASQ said the initial opportunity of these projects is to provide a washed DSO silica sand project, while long-term potential is to enter the high value high grade silica sand market.