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Diatreme Resources Limited (ASX:DRX)

ALERT: Price-sensitive ASX Announcement for DRX
Current share price for DRX : $0.013 0.001 (8.33%)+
Announcement
Release
22 Jul 2026 8:58AM
Price at Release
$0.012
Full Release
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Summary
Diatreme Resources Limited reported significant progress in its silica sand and zircon projects in its Quarterly Activities Report for the period ended 30 June 2026. The company enhanced its silica sand resource base through a notable 10.6% increase in the Mineral Resource Estimate for the Si2 Deposit, now totaling 301.5 Mt. Additionally, a maiden resource estimate of 102.7 Mt was announced for the Casuarina Deposit, expanding the total silica resource base to 632.8 Mt. Diatreme also completed the sale of the Cape Flattery Silica Project, which is expected to streamline ownership and project costs. The Cyclone Zircon Project saw improved metallurgical test results, indicating better product yields and strengthening the project's outlook. Financially, the company maintained a cash balance of $2.7 million, with additional funds received from its joint venture with Sibelco, totaling $7.4 million. The company continues to engage with local communities and progress environmental and feasibility studies for its projects.
Key Points
  • Significant 10.6% MRE upgrade for Si2 Deposit to 301.5 Mt.
  • Maiden MRE of 102.7 Mt for Casuarina Deposit.
  • Total silica resource base expanded to 632.8 Mt.
  • Sale of Cape Flattery Silica Project completed.
  • Improved test results for Cyclone Zircon Project.
  • Cash balance of $2.7 million, with $7.4 million from joint venture.
  • Continued community engagement and project studies.
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.