- Diatreme Resources (DRX) has identified two high-priority silica sand areas in northern Queensland, which it plans to explore
- The new targets near Cape Flattery could substantially increase the company’s current resource at its Galalar Silica project
- Diatreme Resources intends to begin drilling sometime in the first quarter of this year
- The additional silica sands will have applications in the solar energy market, which is booming as countries progress towards decarbonisation
- Diatreme Resources closed Tuesday's session flat at 2 cents
Diatreme Resources (DRX) has identified two high-priority silica sand areas in northern Queensland, which it plans to explore.
The two large silica sand dune systems are located near the Cape Flattery mine owned by Mitsubishi, the largest operating silica mine in the world. Diatreme Resources believes the new targets could substantially increase its current silica sands resource which is located at the Galalar Silica Project.
The company’s CEO, Neil McIntyre, commented on what these silica sand dunes could mean for Diatreme Resources.
“These new targets offer the potential for further expansion of our total resource base and regional understanding, and we are well placed to supply the Asia-Pacific’s fastest-growing solar PV market,” he said.
“We look forward to getting this new exploration program underway following the end of the wet season to determine the significance of these targets, as we look to create a long-life high-purity silica sands project for the benefit of all stakeholders,” he added.
Neil is particularly eager to advance the company project, in light of the applications that silica sands have in the solar energy market. Now more than ever, the solar energy market is booming, as the world moves gradually towards decarbonisation.
Diatreme Resources is currently finalising detailed planning and site access programs to mobilise its exploration program. The company intends to begin drilling programs on the new targets sometime in the current quarter, after the end of the wet season.
Diatreme Resources closed Tuesday's session flat at 2 cents each.