Diatreme’s high purity, “low iron” silica sand resources have the potential to make an important contribution to global decarbonisation through their use as a key component in the manufacture of solar panels. The ongoing conversion of power generation from conventional fossil fuels to renewables is key to meeting ambitious global emission reduction targets.
The Company has a strong focus on ESG, working closely with its local communities and all other key stakeholders to ensure the long-term sustainability of our operations, including health, safety and environmental stewardship.
Diatreme Resources (ASX:DRX) is an emerging Australian producer of mineral and silica sands based in Brisbane. Our key projects comprise the Northern Silica Project and Galalar Silica Sand Project in Far North Queensland, located next to the world's biggest silica sand mine at Cape Flattery.
Also in Queensland, the Clermont Copper-Gold Project is subject to a farm-out with Metallica Minerals (ASX:MLM).
In Western Australia’s Eucla Basin, Diatreme’s ‘shovel-ready’ Cyclone Zircon Project is considered one of a handful of major zircon-rich discoveries of the past decade.
Diatreme has an experienced Board and management, with expertise across all stages of project exploration, mine development and project financing together with strong community engagement skills.
Estimated pre-tax NPV of Northern Silica Project, as per June 2023 Scoping Study.
Estimated Internal Rate of Return of Northern Silica Project, as per June 2023 Scoping Study.
Every 1Mt of high quality silica mined by Diatreme and used to make solar panels will remove the equivalent emissions of 4.25 million cars.