The Pandanus Creek HPQ project is located on EPM 26727, 30km east of Georgetown and 320km northwest of Townsville in Far North Queensland (Figures 1 & 3).

At the time of application, EPM 26727 overlapped with and excluded 2 mining lease applications (ML30238 and 30239) that covered the White Springs quartz outcrop. The mining leases have subsequently lapsed and ASQ has made application to have the area incorporated into EPM 26727.

The White Springs outcrop comprises the central quartz core of a zoned pegmatite. The quartz is visually very clean and white. The Company has collected a single rock chip sample at White Springs which recorded 99.98% SiO2 (Table 1) demonstrating the potential of the deposit for HPQ. Whilst the exposed outcrop size is limited to approximately 4,000m2 ASQ believes there is potential for extensions under cover along with additional zoned pegmatites within the lease.

Planning is underway to complete further rock chip sampling at the site and to carryout detailed exploration targeting additional zoned pegmatites in the area.