FinTechFunding

Diatreme Resources: Releases Galalar PFS

Diatreme Resources Releases Galalar PFS

  • Diatreme Resources (DRX) releases a pre-feasibility study (PFS) for its Galalar silica sand project in Queensland
  • The study outlines a low initial capex of $60.1 million and a payback period of 1.4 years
  • The Galalar Silica Sand Project is expected to generate net revenue of $2.5 billion over an estimated 23.5-year mine life
  • Diatreme will now proceed to completing a definitive feasibility study and expects to make a final investment decision in the second quarter of next year
  • Diatreme’s shares are trading in the grey at 2.3 cents apiece
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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