High Purity Quartz Ltd (trading as UltraHPQ) is proud to have completed the Pre-Feasibility Study of its
Sugarbag Hill quartz deposit in Queensland Australia at the end of 2024. The PFS reports project NPV of
over AUS$1M with an anticipated capital expenditure of ~AUS$500M.
The PFS is based on the drilling program completed by Mining Plus Pty (already reported) followed by
extensive processing and testing by Anzaplan of Germany who have reported positive results when
comparisons are made with high purity quartz already commonly commercially used, for example in the
manufacture quartz crucibles for the PV Solar industry.
Market expectations are based on independent outlook assessments provided by CRU (London), and further validated by UltraHPQ’s own internal experts with decades of experience in the production, marketing and applications for Ultra High Purity Quartz.
UltraHPQ is now progressing rapidly with the DFS (Defined Feasibility Study) for the project and this is
expected to be completed in Q4 2025. Beyond that, UltraHPQ expects to reach its Final Investment
Decision by the end of 2026 with a target to commence operations by Q2 2028.
