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