‘Compelling economics’ for FNQ silica sand project

The prefeasibility study is out for Diatreme Resources' flagship Northern Silica Project (NSP), demonstrating 'compelling economics' for an operation costing $443.5 million to bring online in its first phase.

Diatreme (ASX:DRX) chief executive officer Neil McIntyre said the study confirmed what the company had long known - that the NSP was a genuine world-class asset.

"The 3Mtpa Phase 1 start-up case, with a pre-tax NPV of $1.29 billion and a 36 per cent pre-tax IRR, delivered from a low-cost operation with. . .

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The post ‘Compelling economics’ for FNQ silica sand project first appeared on Industry Queensland .