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Northern Silica Project, Qld

Diatreme Resources Limited (DRX) | PFS and maiden Ore Reserve | Released 15 Oct 2026

Mine life
25 years
Initial mine life, Phase 1
Strip ratio
No overburden
Release cites lack of overburden
NPV
A$867 million
Post-tax, 8% real, Phase 1 only
Capex
A$443.5 million
Pre-production (construction), Phase 1

Inferred share: Reserve-based, no Inferred

Figures are as the company states them, in its currency and on its basis. "Not disclosed" means the release doesn't state the figure.

Planning inputs

Reserve-based, no Inferred | Mining face 28°, working wall 26° in dune sand | Dilution 0%, mining recovery 100% | Owner-operated wheel loaders

Also in the release

Wheel loaders feed a mobile mining unit at the dune face. Phase 1 makes 3 Mtpa of product; the Ore Reserve grades 99.25% SiO2 with 80% product yield. C1 cash cost (FOB) A$25/t.

Read the release on the company's siteSee it in The Study Sheet, October 2026

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