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Diatreme Resources Limited ( (AU:DRX) ) has shared an announcement.
Diatreme Resources Ltd has updated its exploration targets for the Casuarina East and West systems within its Northern Silica Project, highlighting significant potential for resource expansion. These targets, located near existing operations at Cape Flattery, could substantially increase Diatreme’s resource footprint, with estimated target tonnage ranging from 115 to 275 million tonnes. The company is progressing with exploration approvals and planning to define what could be a world-class silica sand resource, enhancing its strategic position in the silica industry.
More about Diatreme Resources Limited
Diatreme Resources Ltd is a developer and explorer in the silica sands industry, focusing on the Northern Silica Project in Far North Queensland. The company is engaged in identifying and expanding resources of high-purity silica sand, which is a critical mineral used in various industrial applications.
Average Trading Volume: 770,792
Technical Sentiment Signal: Sell
Current Market Cap: A$100.2M
For an in-depth examination of DRX stock, go to TipRanks’ Overview page.