Key Highlights

  • Shares traded at A$0.013 during the 5 November 2026 session, down 7.14%.
  • Microstructure testing of a bulk kaolin sample showed a platy, sheet-like particle structure.
  • A Marketing delegation is set to visit four potential customers across southern China in early November.

Shares in Australian Silica Quartz Group Ltd (ASX:ASQ) traded at A$0.013 during the Trading session on 5 November 2026, down 7.14% in the early afternoon. The S&P/ASX 200 was up 1.87%, trading near 9,000 points. Australian Silica Quartz is developing its White Swan kaolin project, alongside its silica quartz interests. Its latest update is a White Swan kaolin project update dated 29 October 2026.

White Swan kaolin update released 29 October 2026

Scanning electron microscopy of a single bulk sample from White Swan was completed by the Foshan Ceramics Research Institute Testing Company in China. The analysis showed platy, sheet-like particles with a layered, stacked morphology, which the company said may be relevant to higher-value applications including paper coating, fillers and specialty kaolin products, subject to further testing and customer qualification.

The company also said a marketing delegation will visit four potential customers across three provinces in southern China in early November, seeking to progress offtake negotiations.

Sector context

At midday, the ASX Materials sector was up 6.34%, while Australian Silica Quartz shares moved lower in the session. The project update is dated 29 October and is not linked to the 5 November price move.

What to watch ahead

Investors will follow the outcome of the southern China customer visits, any progress toward offtake agreements and further testing of the White Swan kaolin for specific end uses.

Risks

The microstructure results are preliminary, and the suitability of the kaolin for specific applications remains subject to further testing and customer qualification. Offtake negotiations may not conclude, and the shares are very low-priced and can be volatile.

Final Word

Australian Silica Quartz has reported early testing results on its White Swan kaolin and is moving to customer discussions. The share price fell during the session, and the outcome of the China visits will be the next milestone to watch.