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Allup expand silica strategy

9 September 2022 13:51
ASX: APS

Allup Silica are expanding its silica ambitions with applications lodged for the Blue Vein and Trigger Fish exploration projects in the Northern Territory and Western Australia while applying to expand its Dune Buggy area.

Multiple projects with potential for high purity and quality silica with access to nearby ports is the explorer’s strategy, one it looks to execute across multiple fronts.

Blue Vein has a 30 kilometre rail journey to the Bunbury port, while Trigger Fish lies just four kilometres east of the Adelaide-Darwin railway line, both holding close proximity to existing infrastructure.

Global silica markets are predicted to triple to 24 billion dollars by 2024 and has a massive potential value add with technology emerging for use as an anode material for lithium-ion batteries.

The company said it was focused on progressing development of its early stage exploration.

“Allup’s commercial strategy is to concentrate on multiple projects with both logistics and port options,” chairperson Andrew Haythorpe said.

Allup has also withdrawn its application for the Antwalker project, redirecting funds for new applications or key projects within its portfolio.

APS’ Australian Stock Exchange-listed share price is currently trading at 8c (11.34 am UTC+ 8 hours).

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