viewDiatreme Resources Ltd

Diatreme Resources in pre open pending capital raising details


Diatreme Resources (ASX: DRX) has been granted a trading halt by the ASX pending an update on capital raising negotiations, with the company's shares placed in pre-open.

Diatreme has not yet indicated where the potential capital injection will be allocated, but the company has been making some impressive progress at the Cyclone zircon project in Western Australia recently.

Earlier in the year Diatreme delivered an upgrade of Heavy Mineral Resource estimate released as part of the Prefeasibility Study, which included greater than 80% of resource now classified in the high confidence Measured category.

Highlighting the potential of the project, the current Mineral Resource estimate is 136Mt at 2.3% HM at a 1% HM cut-off grade, containing 3.1Mt HM.

The PFS pit design contains a Probable Ore Reserve of 97Mt at 2.5% HM, including 0.79% Zircon, containing 2.4Mt HM, including 770kt of Zircon.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 6th July.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

Quick facts: Diatreme Resources Ltd

Price: 0.011 AUD

Market: ASX
Market Cap: $20.41 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Castillo Copper's Ged Hall updates on key assets and progress on London dual...

Ged Hall works with London stockbroker SI Capital and is also a non-exec director at Castillo Copper Ltd's (ASX:CCZ). He discusses how the two came to work together as well as updates on what Castillo's doing as far as the Mt Oxide project in Queensland, Australia. 

4 hours, 49 minutes ago

2 min read