Diatreme Resources expands high-grade silica sand resource base in Far North Queensland

Diatreme Resources Limited (ASX: $DRX) has announced a maiden resource estimate of 91.7 million tonnes (Mt) of high-purity silica sand, including 10.3Mt of Indicated Resource, at its Western Resource Area (WRA) in Far North Queensland. This expansion brings the company's total silica sand resource base to approximately 402Mt across its FNQ silica sand projects, positioning it as the largest such resource base in the region.

Executive Commentary on Resource Expansion

Diatreme's CEO Neil Mclntyre expressed excitement about the upgrade, highlighting the potential for a long-term silica sand mining operation and the flexibility it provides for future planning and development options. He emphasized the strategic significance of the expanding critical minerals resource base in meeting the growing demand from the solar PV industry and its contribution to global decarbonization. Mclntyre also underscored the company's commitment to generating new jobs, economic benefits, and delivering returns to all stakeholders.

Summary of Expansion and Outlook

The maiden resource estimate at the Western Resource Area marks a significant milestone for Diatreme Resources, positioning it as a key player in the high-purity silica sand market. With the potential for a long-term mining operation and the strategic location of its resource base, the company is well-positioned to meet the increasing demand from the solar PV industry. The expansion also opens up opportunities for economic growth, job creation, and sustainable development in the region. Looking ahead, Diatreme's focus on the development of the broader defined Si2 resource and targeted metallurgical test work demonstrates its commitment to maximizing the value of its silica sand resources and contributing to global decarbonization efforts.