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Diatreme Resources Limited (ASX:DRX)

ALERT: Price-sensitive ASX Announcement for DRX
Current share price for DRX : $0.011 -0.006 (-33.33%)+
Announcement
Release
19 May 2026 8:49AM
Price at Release
$0.017
Full Release
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Summary
Diatreme Resources Limited announced a significant 10.6% upgrade in the Mineral Resource Estimate for their Si2 Deposit, part of the Northern Silica Project. The estimate increased from 272.5 million tonnes to 301.5 million tonnes, with 62% classified as Measured. This development underscores the potential of the Northern Silica Project to support long-term production of high-purity silica sand, crucial for photovoltaic glass manufacturing. The updated resource will inform the upcoming Pre-Feasibility Study, and is poised to enhance the project's economic viability by allowing optimized mine scheduling and product blending to meet customer specifications. The company also plans continued exploration and technical assessments to further upgrade and expand the resource base.
Key Points
  • Significant 10.6% Mineral Resource Estimate upgrade at Si2.
  • Updated estimate expands Si2 resource base from 272.5Mt to 301.5Mt.
  • 62% of the Si2 estimate is categorized as Measured.
  • Silica sand deposit supports long-life, low-strip mining operation.
  • Updated estimate forms basis for Pre-Feasibility Study.
  • Colour attributes integrated into the grade model for better processing and scheduling.
  • Further exploration and technical work planned at the Casuarina deposit.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.