Aug 16, 2018

Maiden resource released for Cape Bedford silica project

Maiden resource released for Cape Bedford silica project

Brisbane-based Diatreme Resources has announced a maiden Mineral Resource for its Nob Point Prospect at the Cape Bedford silica/heavy minerals project north of Cairns.

The resource estimate, undertaken by independent experts Ausrocks, stands at 21.6 million tonnes at more than 99 per cent purity silica.

This comprises high‐grade, high‐value silica sand potentially suitable for use in high‐end glass manufacturing within the automotive, construction, electronics and other sectors.

Diatreme chief executive officer Neil McIntyre said the results showed the potential for an important new silica sand mine that could generate valuable new jobs and investment for Far North Queensland.

“These results substantiate our previous exploration efforts and we are determined to advance this project as quickly as possible, working closely with the traditional owners, Hope Vale Congress, to ensure maximum economic benefits for the local community,” he said.

“Commercial and permitting studies are rapidly progressing and with the support of Hope Vale Congress and other stakeholders, we see a clear pathway towards development, capitalising on the project’s access to fast‐growing Asian markets.

“Within our commercial scoping study, we will be targeting the potential export of 350,000 ‐ 500,000 tonnes per annum of high quality silica sand at a quality specification similar to the nearby Mitsubishi‐owned Cape Flattery Silica Mines operation. This operation, which our tenement borders, is the world’s largest silica mining operation and is renowned for its premium quality silica product.”

Recent Stories

Subscribe to IQ Now