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Diatreme Resources Limited (ASX:DRX)

ALERT: Price-sensitive ASX Announcement for DRX
Current share price for DRX : $0.012 0.001 (9.09%)+
Announcement
Release
23 Jun 2026 8:18AM
Price at Release
$0.011
Full Release
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Summary
Diatreme Resources Limited has announced a Maiden Mineral Resource Estimate (MRE) of 102.7 million tonnes for the Casuarina Resource Area, contributing to a total global resource base of 632.8 million tonnes of high-purity silica sand. The Casuarina deposit, located in the Cape Bedford–Cape Flattery Dune Field of Far North Queensland, offers significant potential for long-term supply to the solar PV and specialty glass industries. The maiden MRE, characterized by high silica purity of 99.0% SiO₂, is strategically positioned near existing port infrastructure and the Cape Flattery Silica Mine, presenting favourable mining geometries for economic extraction. Diatreme plans to continue exploration and technical studies to further refine and expand this resource, which is significant for the growing solar energy sector.
Key Points
  • Maiden Mineral Resource Estimate of 102.7Mt for Casuarina Resource Area.
  • Casuarina deposit offers high-purity silica sand with 99.0% SiO2.
  • Resource strategically located near Cape Flattery Silica Mine.
  • Total silica sand resource base expanded to 632.8Mt.
  • Resource supports long-term supply to solar PV and specialty glass industries.
  • Future exploration and technical studies planned to expand resource.
  • Potential for economic extraction with favourable mining geometries.
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.