Diatreme Resources acquires expansion to Cyclone mineral sands resource

By James Sean Dickson
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 its resource.

The deal has resulted in a 62.9% increase in the company’s heavy mineral resource, to...

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