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Diatreme Resources Boosts Silica Project with Major Resource Upgrade

Story Highlights
  • Diatreme Resources announced a 278% increase in Measured Mineral Resource for Si2 Deposit.
  • The upgrade supports a 25-year mining operation, enhancing Diatreme’s position in the silica market.
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Diatreme Resources Boosts Silica Project with Major Resource Upgrade

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An announcement from Diatreme Resources Limited ( (AU:DRX) ) is now available.

Diatreme Resources Limited has announced a significant upgrade to its Mineral Resource Estimate for the Si2 Deposit in the Northern Silica Project, with a 278% increase in Measured Mineral Resource to 187.5Mt. This upgrade enhances the company’s geological confidence and supports its plans for a 25-year mining operation, positioning Diatreme as a key player in the photovoltaic silica market.

More about Diatreme Resources Limited

Diatreme Resources Limited is an emerging developer in the silica sands industry, focusing on high-grade silica sand deposits in North Queensland. The company is strategically positioned to cater to the growing demand for high-purity silica, particularly for photovoltaic glass used in solar energy applications.

Average Trading Volume: 812,206

Technical Sentiment Signal: Sell

Current Market Cap: A$95.16M

See more insights into DRX stock on TipRanks’ Stock Analysis page.

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