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The latest announcement is out from Diatreme Resources Limited ( (AU:DRX) ).
Diatreme Resources Ltd has identified two new exploration targets, Casuarina East and Casuarina West, within its Northern Silica Project in Far North Queensland. These targets, adjacent to the existing Cape Flattery Silica Mines, show potential for significant resource expansion with estimated tonnage ranging from 115 to 275 million tonnes. The company plans to proceed with drilling to define these resources further, aiming to enhance its regional resource footprint and support future mine development.
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 aims to expand its resource base by exploring and developing high-purity silica sand deposits, which are critical for various industrial applications.
Average Trading Volume: 764,856
Technical Sentiment Signal: Sell
Current Market Cap: A$100.2M
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.