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Other Industrial Metals & Mining Industry | Basic Materials Sector | Mr. Neil John McIntyre MAICD, MBE CEO | TSX-V Exchange | CA03464G1072 ISIN |
Australia Country | - Employees | - Last Dividend | 21 Sep 2023 Last Split | 22 Jun 2005 IPO Date |
Diatreme Resources Limited is a resource exploration and development company based in Coorparoo, Australia. Since its incorporation in 1993, the company has concentrated its efforts on the discovery and advancement of mineral projects across the country. With a focus on heavy mineral sands, copper, gold, and base metals, Diatreme Resources aims to uncover and develop valuable resources within Australia. Its most significant project to date is the Northern Silica project, ideally situated in the resource-rich region of Far North Queensland. This project underscores the company's commitment to exploring and developing sites with high potential for quality mineral deposits.
Diatreme Resources Limited specializes in the exploration and development of heavy mineral sands. These sands contain minerals like ilmenite, rutile, and zircon, which are critical for producing titanium dioxide pigments, ceramics, and metal casting. The company identifies and assesses locations with high mineralization to develop mining operations that can extract these valuable minerals efficiently.
Another core focus of the company is the exploration of copper and gold resources. Copper is essential in electrical wiring, plumbing, and renewable energy systems, while gold is valued for its use in electronics, jewelry, and as investment. Diatreme Resources actively searches for and evaluates potential sites for copper and gold extraction, aiming to tap into these lucrative markets.
In addition to precious metals and mineral sands, Diatreme Resource's exploration activities extend to base metals like zinc, lead, and nickel. These metals are pivotal in various industrial and manufacturing processes. The company's involvement in base metals exploration demonstrates its diversified approach toward mineral extraction, aiming to address the demand across different sectors.
The Northern Silica project, located in Far North Queensland, stands as Diatreme Resources' flagship property. This project is primarily focused on the development of high-quality silica sands, which are increasingly in demand for glassmaking, foundry casting, and as a raw material in the production of silicon-based products. The company's commitment to this project highlights its strategic move towards commodities with burgeoning market potential.