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Diatreme Resources Ltd.

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Summary

Project:

Cyclone

Deposit:Cyclone
Location:Australia
Commodities:Zircon-Rutile-Leucoxene
Date:8/9/2016
Report Code:(Enviro)
Report Type:EIA/ESIA
Project Stage:Pursuing Feasibility Study
Report details:9-8-2016: Diatreme Resources Ltd. announces an EIA/ESIA report for its Cyclone deposit at the Cyclone project. Cyclone project receives final EPA recommendation for approval. Following an extensive stakeholder and regulatory consultative process, emerging
Resources:(Resource, M+I): 211Mt @ 2.3% HM for 4.8Mt HM contained (1% cut-off)
CP/QP:[Resources]: Ian Reudavey (Internal)
ABSTRACT:Following an extensive stakeholder and regulatory consultative process, emerging mineral sands producer Diatreme Resources Limited (ASX:DRX) announced today that it is now awaiting only final ministerial consent following the public issuance by the EPA of positive environmental impact assessment recommendations for the Company’s Cyclone Zircon Project published on 8th August 2016. The EPA has advised the WA Minister for Environment that the Eucla Basin project meets its requirements for consent subject to its recommended terms and monitoring conditions, opening the path towards mining operations in one of the world’s major emerging zircon provinces. Welcoming the EPA’s public release, Diatreme’s CEO Neil McIntyre said: “This is an historic step for our flagship project, representing the final hurdle in the de-risking process which has included securing an agreement with the traditional owners, the identification of suitable water supplies and the expansion of the projected mining life following the acquisition of the adjacent Cyclone Extended tenement area. “Following the expected award of final environmental approvals, we can now move confidently towards the completion of the remaining final aspects of our Definitive Feasibility Study (DFS) and the delivery of this valuable new mine for the benefit of all stakeholders.

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