Allup Silica (ASX:APS) ticks boxes for sand portfolio in September quarter

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Allup Silica (ASX:APS) ticks boxes for sand portfolio in September quarter

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 Allup Silica (ASX:APS) ticks boxes for sand portfolio in September quarter
Image source: Company update

Highlights

  • The September quarter saw Allup Silica on track for the development of its Sparkler project
  • The company also advanced its Pink Bark and Dune Buggy projects with the intention of starting drilling exploration in coming months
  • During the September quarter, Allup applied for three new exploration licences, believed to be prospective for silica sand

Allup Silica (ASX:APS), a silica sand exploration company, has concluded the September quarter of 2022 with a flurry of initiatives. The Australian resources company is dedicated and on track for developing its projects located within Western Australia.

Allup is on a firm financial footing with AU$4,581,291 cash at the bank as of 30 September 2022. The company expects the cash to support its exploration endeavours across its assets to come closer to achieving its target of taking all projects to a commercialisation outcome.

Below is a snapshot of the quarterly report for the period ended 30 September 2022.

Image source: APS update  

Allup makes advances across silica sand projects

Sparkler Silica Sand Exploration Project – This is the company’s maiden project with three granted exploration licences, E70/5447 (Sparkler A), E70/5527 (Sparkler B) and E70/5920 (Sparkler C).

  • Updated circuit design processing results illustrated a beneficiated silica sand of 99.8% SiO2 (highest) and, most encouragingly, an average of 84ppm FeO2 below the “Ultra-Clear” specification of <100 ppm FeO2.
  • Provision of Works (POW) sanctioned for exploration drilling on Sparkler A, B and C. The campaign is scheduled for late in the year or early next year.

Pink Bark Silica Sand Exploration Project- The project sits within the Goldfields-Esperance region of Western Australia and is in proximity to Esperance Port. Current access and compensation agreements are in place for the identified areas of interest.

  • POW has been approved for further exploration with work due to commence late in the year or early next year.

Dune Buggy Silica Sand Exploration Project – The project is believed to host silica sand heavily mineralised with calcium carbonate.  

  • Allup has received consent to exploration, expected to commence late this year or early next year, subject to approvals.
  • The company is developing a metallurgical processing solution that separates silica and calcium carbonate into two viable product streams- one for the photovoltaic industry as high-grade silica sand and the other for application in the local agricultural market as high-grade calcium carbonate.

Cabbage Spot Silica Sand Exploration Project – The project is part of the Argyle Silica Exploration Project with tenements in the Kimberly region of Western Australia.

  • It has received POW approval. The company has lodged a heritage impact assessment with the Kimberley Land Council. Upon securing approval, the company expects to commence exploration drilling.

Image source: Company update

© 2022 Kalkine Media®

Allup applies for three new exploration licences

During this period, the company applied for three new exploration licences, which were believed to be prospective for silica sand. These are Blue Vein, Trigger Fish (located in the Northern Territory) and Rail Head. 

Image source: Company update

© 2022 Kalkine Media® 

Allup has established a clear commercial strategy based on the concurrent investigation of several project areas, each with its own set of logistics and port options. As a result, the company has expanded its portfolio and has several projects in proximity to five port locations: Albany, Wyndham, Bunbury, Darwin, and Esperance.

APS shares traded at AU$0.086 on 18 November 2022.

 

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