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Diatreme Resources (DRX) investor relations material

Diatreme Resources Noosa Mining Investor Conference summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Noosa Mining Investor Conference summary13 Nov, 2025

Strategic vision and market positioning

  • Aims to become the world’s largest producer of low iron, high purity silica sand, focusing on photovoltaic specialty glass for solar panels and other applications.

  • Advancing multiple high-purity, low-iron silica sand projects in Far North Queensland, with a total resource of 501Mt at 99.1% SiO2 and additional exploration targets.

  • Global demand for photovoltaic glass is growing 5–10% annually, with the market projected to reach US$38.3B by 2033 at a 4.7% CAGR.

  • Recently acquired Cape Flattery Silica and Metallica Minerals, expanding the project pipeline and consolidating key tenements.

  • Sale of the Clermont Gold Project to Moonlight Resources unlocks value from non-core assets and provides equity upside.

Project development and milestones

  • Pre-feasibility study for the Northern Silica Project is underway, with first production targeted for 2027 and further expansion potential.

  • Major project status granted by the federal government, streamlining permitting and approvals.

  • Environmental studies and EIS lodgement scheduled for 2H 2025, with public comment early next year and final approvals targeted by year-end 2026.

  • Offtake MOUs signed with Mitsui & Co. and Flat Glass Group, supporting future sales.

  • PFS is fully funded, with DFS planning advanced and post-FID financing discussions commenced.

Resource, production, and economic highlights

  • NSP targets production of 121Mt over 25 years, with initial output of 3Mtpa rising to 5Mtpa, CapEx ~$350 million, pre-tax NPV of A$1.41B, IRR of 33%, and free operating cash >$300 million/year.

  • Bulk metallurgical testwork confirms high yields (85.6%) and low impurities (sub-100ppm Fe2O3), suitable for solar PV applications.

  • Mineral Resource Estimate has increased by 513% since 2021, with 68.7% in the Measured category, supporting a long mine life.

  • Ore Reserves for Galalar and Cape Flattery Silica total 79.5Mt at 99.14% SiO2.

  • Exploration targets at Casuarina East and West could add 115–275Mt to the resource base.

Confirm final approval timeline for NSP
What is the backup plan for port access if negotiations fail?
How will NSP secure remaining offtake volume?
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Q4 202528 Jan, 2026
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Frequently asked questions

Diatreme Resources Limited is an Australian mining and exploration company focused on the development of mineral sands and silica sand projects. The company’s primary asset is the Galalar Silica Project in Queensland, which targets high-purity silica sand, a key material used in industries such as glass manufacturing, solar panels, and electronics. Diatreme Resources also explores for mineral sands containing valuable heavy minerals, such as zircon and titanium, which are used for various industrial applications. Diatreme Resources Limited is headquartered in Brisbane, Australia, and its shares are listed on the ASX.

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