Diatreme Resources (ASX:DRX)
Diatreme Resources Limited (ASX:DRX) is an emerging Australian producer of mineral and silica sands based in Brisbane. The company's key projects comprise the Galalar Silica Project in Far North Queensland, located next to the world's biggest silica sand mine, together with the Cyclone Zircon Project in Western Australia’s Eucla Basin, considered one of a handful of major zircon-rich discoveries of the past decade.
Diatreme has an experienced Board and management, with expertise across all stages of project exploration, development and financing, with a vast network of contacts across China and Asia.
Importantly for shareholders, the company has a clear focus on maximising shareholder value by only pursuing those projects considered capable of generating a near-term return on investment, while minimising corporate overheads.