Diatreme Resources
Diatreme Resources (ASX: DRX) is a Brisbane based, diversified mineral explorer with advanced commodity projects in heavy mineral sands, copper, base metals and gold.
The company's principal focus is the extention of its Cyclone HM Deposit and resources in the Eucla Basin of Western Australia along with exploration over a large porphyry copper/gold mineralised system near Clermont, central Queensland.
Diatreme Resources assembles project team, funding for Cyclone zircon project, WA
Tuesday, March 16, 2010
Diatreme Resources (ASX: DRX) has updated progress on the company’s planned zircon production in the Eucla Basin of Western Australia.
Following the company’s announcement on 3 March 2010 of positive scoping study results for the Cyclone Heavy Mineral Deposit, Diatreme is now in the process of assembling a dedicated project team to manage the prefeasibility studies being undertaken during the remainder of this year.
Diatreme said that on the completion of successful prefeasibility studies, feasibility studies would follow in 2011 and project construction anticipated to begin in late 2012.
Meanwhile, discussions are underway with international industry groups with a view to co-funding the development process for the Wanna Heavy Mineral Sands Project (encompassing the Cyclone Deposit).
Any development would include the identified Cyclone heavy mineral resources and any satellite resources feeding into a central mining operation.
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