Diatreme Resources (DRX) H2 2025 earnings summary

Executive summary

• Achieved major regulatory milestones for the Northern Silica Project (NSP), including submission of the Draft EIS and Federal Major Project Status recognition.

• Upgraded NSP's Measured Mineral Resource by 278% to 187.5Mt, with global silica sand resources now exceeding 500Mt.

• Divested Clermont Copper/Gold Project for $3.25M in shares and $250K cash, retaining a 16.76% stake in Moonlight Resources.

• Advanced Cyclone Zircon Project with improved heavy mineral recoveries and ongoing partner engagement.

• Continued strong ESG focus, including Indigenous employment targets and community engagement.

Financial highlights

• Net loss for 2025 was $744,955, compared to a loss of $439,527 in 2024.

• Revenue and other income totaled $3.2M, down from $5.4M in 2024.

• Cash and cash equivalents at year-end were $2.34M, down from $5.19M the previous year.

• Total assets stood at $94.5M, with exploration and evaluation assets at $49.1M.

• Investment in joint venture (Cape Silica Holdings) valued at $39.5M.

Outlook and guidance

• NSP public consultation on the EIS expected in 2026, with a Pre-Feasibility Study and Mining Lease application targeted.

• Continued focus on progressing silica projects and advancing or disposing of the Cyclone Heavy Minerals project.

• Bright outlook driven by global solar PV demand and decarbonisation trends.