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Allup get silica injection

1 July 2022
ASX: APS
Jack Baker

Allup Silica has boosted silica resources following independent geological work uncovered higher grade sands at the Sparkler A Silica Sands project nestled between the Albany and Bunbury coastal towns in Western Australia.

The higher purity sand increased raw volume to 136 inferred tonnes at Sparkler A now sits at — boasting 70 million tonnes of 96.84 per cent silica in-situ, plus 62M tonnes in sand fractions at 99.66 per and higher.

Cross-section of drilling

 

The company said the reduced iron content increase purity of the final processed product.

“Allup is very encouraged by these results as in many ways they validate our strong held hope and belief for this Project,” chairperson Andrew Haythorpe said.

“We are currently exploring further at both the Sparkler B and Sparkler C locations, looking for much of the same outstanding potential.”

Inferred mineral resource estimate:

  • 70 million inferred tonnes at 96.84% SiO2 and 0.34% (3400ppm) Fe2O3 in-situ bulk mineral resource
  • 37 million inferred tonnes at 99.66% SiO2 and 0.02% (200ppm) Fe2O3 in sand fractions (0.106mm – 0.6mm)
  • 25 million inferred tonnes at 99.67% SiO2 and 0.03% (300ppm) Fe2O3 in coarse sand fractions (+0.6mm)
  • 4 million inferred tonnes at 97.70% SiO2 and 0.41% (4,100ppm) Fe2O3 in fine sand fractions (+0.45mm – 0.106mm)

APS’s Australian Stock Exchange-listed share price has risen 16.666 per cent today, selling at 9.8c (12.02 pm UTC+ 8 hours).

COMPANY OVERVIEW

Allup Silica is a public exploration Company, focused on the future development of their silica sand assets located across four project locations in Western Australia. Two of their project sites are located in the South-West (namely the Unicup and Antwalker/Pipeclay Tree Projects), one is in the North-East near Wyndham (called Argyle), with a further project site in the Southern Goldfields near Esperance. Early indications are encouraging, with the results currently to hand showing the likelihood of achieving a product within industry specifications of the sector they are striving for.

COMPANY INFORMATION

ASX: APS

Website

https://allupsilica.com/
https://www2.asx.com.au/markets/company/aps

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