Diatreme Resources acquires expansion to Cyclone mineral sands resource
Published: Tuesday, 11 November 2014
Diatreme’s resource extension could allow for a further 5 years of extraction at the Cyclone project. The company plans to extract mineral sands from the tenement that it owned before this deal, before moving into the new, extended resource area.
Australia-based Diatreme Resources Ltd.
has progressed a conditional purchase agreement with Image
Resources NL for its Cyclone mineral sands project, a move that
will grant Diatreme the Eucla Basin tenement found adjacent to
The deal has resulted in a 62.9% increase in the
company’s heavy mineral resource, to...