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The latest update is out from Diatreme Resources Limited ( (AU:DRX) ).
Diatreme Resources has reported favourable aircore drilling results from its Si2 and Casuarina deposits within the Northern Silica Project, with 83 holes completed over 2,035 metres in the 2025 campaign. The data from Si2 extends the existing geological model, while Casuarina’s maiden drilling program has materially improved geological understanding of this earlier-stage deposit.
The new results will underpin an updated Mineral Resource Estimate for Si2 and could support a maiden estimate for Casuarina, further building the company’s silica sand resource base. With the project holding Major Project Status and ongoing environmental approvals, the strengthened pipeline positions Diatreme to advance multiple long-life silica operations that could deliver regional economic benefits and supply high-purity sand to the growing solar PV and specialty glass industries.
The most recent analyst rating on (AU:DRX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Diatreme Resources Limited stock, see the AU:DRX Stock Forecast page.
More about Diatreme Resources Limited
Diatreme Resources Limited is an emerging Australian silica sands developer focused on high-purity, low-iron silica deposits in Far North Queensland. The company’s Northern Silica Project, spanning the Cape Flattery and Cape Bedford area, targets specialty glass and solar photovoltaic markets and has been recognised as a critical minerals initiative by both federal and state governments.
Average Trading Volume: 746,766
Technical Sentiment Signal: Sell
Current Market Cap: A$85.14M
Find detailed analytics on DRX stock on TipRanks’ Stock Analysis page.