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Diatreme Resources Limited ( (AU:DRX) ) has provided an announcement.
Diatreme Resources Limited announced that Moonlight Resources Ltd, where it holds a 16.8% stake, has been listed on the Australian Securities Exchange. This follows Moonlight’s acquisition of Chalcophile Resources Pty Ltd and PGE Minerals Pty Ltd, which own the Clermont Gold Project. Moonlight has commenced drilling at the project, aiming for a Mineral Resource Estimate with results expected in Q1 2026. The IPO raised A$10 million, with Diatreme receiving shares and cash, and retaining the right to appoint a director to Moonlight’s board.
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 a developer and explorer in the silica sands industry. The company focuses on advancing projects related to silica sands and holds a significant market position through its investments and partnerships.
Average Trading Volume: 1,088,758
Technical Sentiment Signal: Sell
Current Market Cap: A$100.2M
Find detailed analytics on DRX stock on TipRanks’ Stock Analysis page.