Diatreme Resources: Expands Galalar mineral resource by 30pc to 61.9Mt

  • Diatreme Resources (DRX) has increased the mineral resource estimate for its Galalar Silica Sands Project by 30 per cent
  • The total mineral resource has also expanded by 30 per cent from 47.5 million tonnes to 61.9 million tonnes at 99.24 per cent silicon dioxide
  • The Queensland-based project’s mineral resource now sits at 61.9 million tonnes at 99.24 per cent silicon dioxide
  • Significantly, this marks the third resource estimate delivered for the project in just over one year meaning there’s long term growth potential
  • Diatreme’s vision for its silica sands project is to be a key supplier of clean energy for people living in Queensland
  • Company shares are up 4 per cent and are trading at 2.6 cents
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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