Diatreme Resources Ltd

Diatreme Resources finds water for mineral sands mining at Cyclone, Western Australia


Diatreme Resources (ASX:DRX) shares should rise today after intersecting water flows below 530 metres from initial deep water bore drilling at its Cyclone Zircon heavy mineral sands project in Western Australia.

The water is critical to the proposed mineral sands operation.

Diatreme was granted an ASX trading halt on Friday to review and verify material information from the bore, which is now at a depth of 628 metres with drilling to continue to the 800 metre target.

High yielding sandstone aquifer had been intersected, encountering 98 metres of fine porous sandstone beds with good to high permeability.

The water flows appear to be part of an extensive Officer Basin aquifer system previously intersected by oil explorers 80 kilometres to the east of the current bore.

This successful water search, virtually on site of the proposed mineral sands operation, will enhance mining infrastructure by reducing the need for water to be pumped in from a distant location.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Diatreme Resources Ltd

Price: $0.01

Market: ASX
Market Cap: $17.57 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...



Full interview: Linius Technologies updates from the International...

Linius Technologies Ltd (ASX:LNU) CEO Chris Richardson speaks to Proactive London's Andrew Scott from the International Broadcasting Convention in Amsterdam. ''Linius is here in conjunction with our partner IBM working with them and releasing for the first time the DATN ( digital asset trust...

17 hours, 11 minutes ago

2 min read