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Diatreme Resources Limited
(Sydney:DRX)
Diatreme Resources Limited (DRX) vs. iShares MSCI Australia ETF (EWA)
Diatreme Resources Limited Business Overview & Revenue Model
Diatreme Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.00M | 886.46K | 468.51K | 110.14K | 23.94K | 21.28K |
| Gross Profit | 1.00M | 886.46K | 254.29K | -61.14K | -77.02K | -50.22K |
| EBITDA | -3.76M | -4.61M | 10.70M | -2.94M | -1.94M | -795.89K |
| Net Income | 45.75K | -439.53K | 10.37M | 4.98M | -2.15M | -1.04M |
Balance Sheet | ||||||
| Total Assets | 94.61M | 95.45M | 66.53M | 55.33M | 33.14M | 25.62M |
| Cash, Cash Equivalents and Short-Term Investments | 3.82M | 5.19M | 10.77M | 13.64M | 6.50M | 5.79M |
| Total Debt | 1.17M | 1.20M | 1.75M | 1.54M | 1.61M | 1.64M |
| Total Liabilities | 2.33M | 2.51M | 2.96M | 2.59M | 2.37M | 2.40M |
| Stockholders Equity | 92.27M | 92.94M | 63.57M | 52.75M | 30.76M | 23.22M |
Cash Flow | ||||||
| Free Cash Flow | -5.35M | -7.71M | -2.80M | -9.57M | -8.70M | -4.24M |
| Operating Cash Flow | -3.55M | -6.00M | -2.32M | -2.51M | -2.15M | -1.14M |
| Investing Cash Flow | -1.80M | 1.06M | -462.49K | -6.95M | -6.57M | -2.33M |
| Financing Cash Flow | -139.71K | -643.79K | -86.47K | 16.60M | 9.43M | 6.77M |
Diatreme Resources Limited Technical Analysis
Diatreme Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$162.29M | -9.21 | -21.39% | ― | ― | -280.00% | |
53 Neutral | AU$150.13M | -2.48 | -84.61% | ― | 149.43% | 1.20% | |
46 Neutral | AU$95.16M | ― | -0.27% | ― | ― | -100.00% | |
43 Neutral | AU$234.54M | -6.46 | -12.73% | ― | 2.00% | 8.82% | |
37 Underperform | AU$66.01M | -27.27 | -9.27% | ― | ― | 35.29% |
Diatreme Resources Limited Corporate Events
Diatreme Resources Limited announced a change in the director’s interest, specifically involving the disposal of 2,819,640 ordinary shares held indirectly by the director through a family member. This transaction, valued at $53,573, reflects a shift in the director’s investment position but does not alter the director’s holdings of unquoted options, which remain unchanged. The announcement may influence stakeholders’ perceptions of the company’s internal governance and director confidence.
Diatreme Resources Limited announced a corrected header for their shareholders’ priority offer in the Moonlight Resources IPO Prospectus. The offer, fully underwritten at $3.0 million, allows DRX shareholders to purchase Moonlight shares at $0.20 each, with an additional free option for every two shares acquired. This move follows Diatreme’s agreement to sell its shares in Chalcophile Resources Pty Ltd and PGE Minerals Pty Limited to Moonlight, receiving 16,250,000 Moonlight shares and $250,000 in cash. This transaction is expected to enhance Diatreme’s financial position and provide its shareholders with strategic investment opportunities.
Diatreme Resources Ltd has entered into a Share Sale Agreement with Moonlight Resources Limited to sell all outstanding shares in its subsidiaries, Chalcophile Resources Pty Ltd and PGE Minerals Pty Limited, which own the Clermont Project. As part of the transaction, Diatreme will receive 16,250,000 ordinary shares in Moonlight valued at $3,250,000 and a cash payment of A$250,000. Additionally, Diatreme shareholders are offered a priority share offer in Moonlight’s IPO, with incentives for participation. This move allows Diatreme to focus on its core silica assets while retaining an interest in the future development of the Clermont Project.
Lithium Plus Minerals Ltd, a company focused on advancing its lithium portfolio and the Lei Development Project, announced that its 33.5% owned entity, Moonlight Resources Limited, has entered into a Share Sale Agreement with Diatreme Resources Ltd to acquire Chalcophile Resources Pty Ltd and PGE Minerals Pty Limited, which own the Clermont Gold Project. This acquisition provides Lithium Plus shareholders with exposure to gold assets while maintaining the company’s focus on lithium. Moonlight is offering a fully underwritten Priority Offer to Lithium Plus shareholders, allowing them to purchase shares at a discounted price with additional options, enhancing shareholder value and positioning Moonlight for future growth.
Diatreme Resources Limited announced significant progress in its Northern Silica Project, receiving Major Project Status and advancing its Environmental Impact Statement to the final approval stages. The company reported a reduced net loss for the half year and secured a government tax rebate for its Cyclone Zircon Project. Diatreme maintains a strong cash position, with a total of $10.71 million, and continues to engage with investors through conferences and presentations.
Diatreme Resources Limited announced significant advancements in metallurgical testwork on its Cyclone project, showing improved recoveries of heavy minerals, zirconium dioxide, and titanium dioxide. The testwork, conducted by Mineral Technologies, aims to enhance mineral recoveries and optimize processing, potentially increasing shareholder value. The results, expected by November 2025, will inform the design of an improved processing flowsheet, with samples provided to potential customers for evaluation.
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.
Diatreme Resources Limited announced a change in the director’s interest, with Brian Joseph Flannery acquiring 256,004 ordinary shares through an on-market trade. This change increases his total shareholding to 1,117,253,701 ordinary shares, reflecting a strategic move that could influence the company’s market perception and stakeholder confidence.
Diatreme Resources Limited has announced a change in the director’s interest notice, with Brian Joseph Flannery acquiring an additional 671,344 ordinary shares through an on-market trade. This acquisition increases his total holding to 1,116,997,697 ordinary shares, reflecting a strategic move that could impact the company’s market positioning and stakeholder interests.
Diatreme Resources Limited has announced successful results from bulk metallurgical testwork on its Northern Silica Project, confirming the production of high-purity, low-iron silica sand suitable for photovoltaic glass. The testwork achieved high product yields with low impurities and validated the scalability of the process, supporting the project’s progression to final plant engineering and commercial agreements. This development positions the company as a potential long-term supplier in the growing solar energy market.
Diatreme Resources Limited has announced a change in the director’s interest, with Brian Joseph Flannery acquiring an additional 24,124 ordinary shares through an on-market trade. This change reflects a minor increase in his indirect shareholding, which is held through HSBC Custody Nominees (Australia) Ltd on behalf of Ilwella Pty Ltd, a company he controls. The acquisition may indicate confidence in the company’s future prospects, potentially influencing stakeholder perceptions and market positioning.
Lithium Plus Minerals Ltd, through its 44.7% owned entity Moonlight Resources Limited, has announced the acquisition of the Clermont Gold Project in Queensland from Diatreme Resources Ltd. This acquisition aims to establish Moonlight as a focused gold and critical minerals explorer, with plans to list on the ASX. The acquisition will provide Moonlight with a portfolio of drill-ready targets and existing rare earth and uranium opportunities. The transaction involves Moonlight issuing A$3.25 million in shares and A$250,000 in cash to Diatreme, contingent on Moonlight’s ASX listing. The move is expected to provide Lithium Plus shareholders with exposure to gold exploration while allowing the company to focus on its lithium projects.
Diatreme Resources Limited has released its interim financial report for the half-year ended 30 June 2025. The report, prepared in compliance with AASB 134 and the Corporations Act 2001, provides a general overview of the company’s financial performance and position, indicating the necessity to be read alongside the annual report for complete context. This release is crucial for stakeholders to assess the company’s financial health and strategic direction during the interim period.
Diatreme Resources Limited has been granted Project Status by the Queensland Government for its five exploration tenement areas in the Cape Flattery and Cape Bedford region, marking a significant milestone in its silica sand projects. This status enhances the company’s ability to streamline project development, coordinate resource and environmental assessments, and engage with stakeholders effectively, positioning Diatreme for long-term growth and development in the silica sand industry. Additionally, the company secured five-year renewals for two key exploration tenements, reinforcing its strategic position and regulatory confidence in its development approach.
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.
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.