Diatreme Resources Secures R&D Tax Incentive Rebate for Cyclone Zircon Project

Diatreme Resources Limited ( (AU:DRX) ) has provided an announcement.

Diatreme Resources Limited has received a $226,894 R&D Tax Incentive Rebate from the Australian Government for its Cyclone Zircon Project, aimed at developing new processes for extracting high-purity critical mineral products. This funding will support further advances in Diatreme’s critical minerals projects, including the Cyclone and Northern Silica projects, which are aligned with Australia’s clean energy transition and regional economic development. The rebate underscores the government’s commitment to R&D and Diatreme’s role in advancing mineral and silica sands projects, benefiting stakeholders and supporting the government’s critical minerals strategy.

More about Diatreme Resources Limited

Diatreme Resources Limited is an emerging Australian producer of mineral and silica sands, based in Brisbane. The company’s key projects include the Northern Silica Project and Galalar Silica Sand Project in Far North Queensland, as well as the Cape Flattery Silica Project. These projects are strategically located near the Cape Flattery Port, which is focused on silica sand export. The Northern Silica Project has been designated a Major Project by the federal government, highlighting its significance in the context of critical minerals for Queensland and Australia. Diatreme also has the Cyclone Zircon Project in Western Australia’s Eucla Basin, known for its zircon-rich discoveries. The company is partnered with Sibelco, a global material solutions group, which has invested significantly in Diatreme’s silica sands projects.

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