In Far North Queensland the company owns a high purity quartz mine, Sugarbag Hill. The company is in a strong position to supply high purity quartz materials to the high-tech markets for decades to come.
The Sugarbag Hill quartz is a hydrothermal quartz with an in situ purity of 99.00% SiO2. The quartz body is approximately 800m long and has a JORC Measured and Indicated Resource categorisation of ~1.2million tonnes of SiO2.
Resource is a visibly outcropping raw quartz resource tested at depth. 28 holes drilled to 60m. The Resource is open at depth and along strike providing for exploration upside.
The quartz will be further refined to a high purity sand and purified to solar and semiconductor grade products. This quartz processing involves a combination of physical mineral separation techniques, acid leaching, and high-temperature treatments.
The processed quartz products initially are targeted at an export market, but in the longer term, Ultra HPQ is interested in fostering local Australian manufacturing opportunities.