Diatreme Resources (DRX) Earnings Call Presentation

Company Overview - Diatreme Resources aims to be Australia's leading listed producer of high purity, low iron silica sands for solar PV and specialty glass markets[9] - The company's total mineral resource is 501 million tonnes at 99.1% SiO2 across Northern Silica, Cape Flattery Silica, and Galalar Projects[10] - The company's market capitalization is A$95 million, with A$17.9 million in cash as of March 31, 2025[15] Northern Silica Project (NSP) - The project targets production of 121 million tonnes of high purity silica sand over 25 years, with an initial target of 3 million tonnes per annum, rising to 5 million tonnes per annum[30] - Stage 1 capital expenditure for the NSP is estimated at A$356 million, including a 15% contingency of A$46.4 million[30] - The project anticipates average annual sales revenue of A$391 million, based on a silica price of A$81 per tonne[30] - The NSP has a pre-tax NPV of A$1.41 billion and an average annual operating margin of A$299.4 million[31] Silica Sand Market - The global silica sand market is projected to grow from US$25.4 billion in 2024 to US$38.3 billion in 2033, with a CAGR of 4.7%[41] - Solar panel glass, which is 70% high-purity silica, is driving demand[37, 39] - China's annual low iron silica sand consumption is expected to rise from 23.43 million tonnes in 2023 to 28 million tonnes in 2024 and 31.68 million tonnes in 2025[45] Mineral Resources - The company's Mineral Resource Estimate has risen by 513% since 2021[50] - The Measured, Indicated & Inferred Mineral Resource is 501 million tonnes[50] - The Northern Silica Project contains 272.5 million tonnes of mineral resources[50]