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Diatreme Resources Limited (ASX code "DRX") is a Brisbane based, diversified mineral explorer with a portfolio of mineral sands, copper, gold and base metal properties across Australia.

The Company was incorporated in 1993 and originally concentrated on gold and base metal exploration.  In 2004, it expanded its interests into heavy mineral sands by securing numerous Eucla Basin exploration tenements in South Australia and Western Australia. In 2007, the Cyclone Zircon Deposit discovered.

 

Generalised Location Map of Projects

For more information on individual projects see detailed Australian Project Map 

RECENT NEWS

29/04/13

2012 Annual Report

26/04/13

Amended Notice of AGM and EM

25/03/13

Annual Financial Accounts - 31 Dec 2012

15/03/13

Capital Raising

13/03/13

Mineral Sands Conference Presentation

29/01/13

Quarterly Activities Report Dec 2012

18/01/13

Clermont Copper Antofagasta Farm-In & Drilling

11/01/13

Mineral Sand Projects Update

09/01/13

Anabama Project - HOA for Iron Ore Exploration

06/12/12

New Porphyry Copper and  HM Project - Qld

05/12/12

SPP Capital Raising Results

07/11/12

TZMI Congress 2012 Presentation

MINERAL SANDS

Diatreme's mineral sands exploration focus centres on the highly prospective Eucla Basin, both in Western and South Australia, where a number of exciting heavy mineral sand (zircon, rutile, Leucoxene and Ilmenite) discoveries have been made since 2004. Significantly, Diatreme has extensive tenement holdings extending along the main fossil shorelines on the northern basin margin.

The Company is currently conducting a definitive feasibility study on the Cyclone Deposit after completing a prefeasibility study that showed very positive results.

The Prefeasibility study shows potential for the Cyclone Zircon Project to mine 10 million tonnes per annum ore for 10 years, yielding approximately 147,000 tonnes per annum heavy mineral concentrate. Cyclone Attributes:

  • Capital investment of $223 million, with average annual sales revenue of $191 million and annual NPAT of $78 million.
  • Net present value of $194 million and internal rate of return of 32%, with payback period of 2.1 years (based on realistic base case).
  • Strong fundamentals for main mine products of zircon (66% ZrO2) and titanium products HiTi87 (86.6% TiO2) and HiTi67 (67.3% TiO2), with constrained global supply and upward pricing pressures.
  • Estimated average annual production rates from MSP:

                 Zircon 65,000 tonnes

                 HiTi87 10,000 tonnes

                 HiTi67 46,000 tonnes

In February 2012, a JORC compliant ore reserve for the Cyclone Deposit was announced as a Probable Ore Reserve of 97 million tonnes at 2.5% heavy minerals, containing 2.4Mt heavy mineral, including 770kt of Zircon.

Combined with the JORC resource announced by Image Resources NL in July 2010 over their neighbouring Cyclone Extended Deposit, the deposit is shaping as a significant new Zircon development project.

Sigificant heavy mineral potential remains within the Eucla Basin, as shown in the Company's geological model and regional drilling program for the area.

Cyclone represents potential for new, long-term, heavy mineral supply source for both Australian and overseas industries.

The Company also holds mineral sands exploration ground in the Arckaringa Basin (SA), Elliston (SA), Mandora (WA), Cape Bedford (QLD) and Grays Hill (QLD).

COPPER, GOLD & BASE METALS

Diatreme holds metalliferous exploration projects as follows:

Clermont (QLD): copper/gold (Farm-In by Antofagasta Minerals)

Tick Hill (QLD): gold (Farm-In by Superior Resources)

Anabama (SA): copper and iron ore (Farm-In by Braemar Iron)

Grays Hill (QLD): copper/gold

Gilbert River & Ironhurst (QLD): base metals/gold

At Clermont, the Company has conducted deep diamond drilling within the Rosevale Porphyry Corridor in its quest to investigate the potential for the area to host a major mineralised porphyry copper/gold system. The Clermont tenements are being explored under a Farm-In Agreement with Antofagasta Minerals.

 

Company's ASX Share Price and Announcements
The Company's current share price, trading history and announcements under the code "DRX", may be viewed here.

30/10/12

Media Release - Clermont Copper Project

30/10/12

Clermont Copper Project - Antofagasta

30/10/12

$1.44M Placement

21/08/12

Half Year Financial Report 30 June 2012

08/08/12

Tick Hill Gold Project

24/07/12

Quarterly Activities Report Jun 2012

24/05/12

AGM Chairman's Address

30/04/12

Quarterly Activities Report Mar 2012

20/04/12

AGM - Notice of Meeting

16/04/12

Investor Roadshow Presentation

29/03/12

2011 Annual Financial Report

27/03/12

Clermont Copper Project - Antofagasta MoU

20/03/12

Positive PFS Results - Cyclone Zircon Project

05/03/12

Company Update - Video Interview

21/02/12

RIU Explorers Conference presentation

07/02/12

Cyclone Maiden Ore Reserve Estimate

31/01/12

Quarterly Activities Report Dec 2011

30/01/12

Cyclone Metallurgical Testwork

23/01/12

Cyclone Zircon Deposit Resource Update

21/12/11

Update on Cyclone Project

20/10/11

Quarterly Activities Report Sept 2011

06/10/11

Cyclone Zircon Project - Update on Heads of Agreement

11/08/11

Tick Hill Gold Joint Venture

04/08/11

Mining Lease Application - Cyclone Project

29/07/11

Quarterly Activities Report Jun 2011

29/07/11

Director Appointment

18/07/11

Cyclone Zircon Project Update
21/06/11 Updated Independent Report on Cyclone Deposit

26/05/11

Cyclone - BaoTi JV Status

02/05/11

2010 Annual Report

20/04/11

Quarterly Activities Report Mar 2011

12/04/11

Intersuisse Research Report

05/04/11

Rights Issue Results
25/03/11 2010 Annual Financial Report
21/03/11 Rights Issue Update
21/03/11 BaoTi Group Delegation visit
10/03/11 Rights Issue Prospectus despatched

17/02/11

Cyclone Deposit Update

03/02/11

Cyclone Deposit Update
31/01/11 Quarterly Activities Report Dec 2010
18/01/11 Independent Report on Cyclone Deposit

 

DATE

                     LATEST NEWS

PDF Size

29/01/09

Quarterly Activities Report December 2008

4.3MB

26/11/08

Cyclone HM Deposit Resource Upgrade

 

19/11/08

Clermont Copper Project Update

 

28/10/08

Quarterly Activities Report September 2008

6.5MB

16/09/08

Commencement of Drilling Programs

 

26/08/08

Cape Bedford - Mineral Sands

 

13/08/08

IMA : Serpentine Lakes Zircon Project

 

04/08/08

Clermont Copper Project - Additional Ground

 

31/07/08

Quarterly Activities Report June 2008

 

02/07/08

Company Update

 

30/06/08

Eucla Basin - Zircon Resources Ltd Interest

 

29/05/08

Chairman's Address to Shareholders

 

30/04/08

2007 Annual Report  (zip file)

5.6MB

30/04/08

Quarterly Report March 2008

1.6MB

18/02/08

Exploration Update

 

14/02/08

Zircon Resources - Cyclone Prospect

 

31/01/08

Quarterly Report December 2007

1.8MB

15/01/08

Ground Magnetic Survey - Cyclone Prospect

 

10/01/08

Further Assay Results - Wanna Lakes

 

DATE

                     LATEST NEWS

PDF Size

29/01/09

Quarterly Activities Report December 2008

4.3MB

26/11/08

Cyclone HM Deposit Resource Upgrade

 

19/11/08

Clermont Copper Project Update

 

28/10/08

Quarterly Activities Report September 2008

6.5MB

16/09/08

Commencement of Drilling Programs

 

26/08/08

Cape Bedford - Mineral Sands

 

13/08/08

IMA : Serpentine Lakes Zircon Project

 

04/08/08

Clermont Copper Project - Additional Ground

 

31/07/08

Quarterly Activities Report June 2008

 

02/07/08

Company Update

 

30/06/08

Eucla Basin - Zircon Resources Ltd Interest

 

29/05/08

Chairman's Address to Shareholders

 

30/04/08

2007 Annual Report  (zip file)

5.6MB

30/04/08

Quarterly Report March 2008

1.6MB

18/02/08

Exploration Update

 

14/02/08

Zircon Resources - Cyclone Prospect

 


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