Name of the Project
Galalar silica project.

Location
The project is located in far north Queensland, Australia.

Project Owner/s
The project is a partnership with Diatreme Resources and the traditional owners, Hopevale Congress (12.5%).

Project Description
Galalar is one of the largest high-purity silica exploration land packages in Australia.

A scoping study has confirmed that the project is capable of becoming a significant near-term, low-cost and premium-quality silica producer.

The project has a total mineral resource of 47.5-million tonnes, with potential for further expansion. This includes maiden measured mineral resources comprising 30.9-million tonnes at 99.28% silica oxide.

The project has a 15-year mine life at 950 000 t/y for a total 14.25-million tonnes of sand mined.

Potential Job Creation
The project has the potential to generate more than 110 full‐time jobs.

Net Present Value/Internal Rate of Return
The project has a pretax nominal net present value, at a 10% discount rate, of A$231-million and an internal rate of return of 150%, with a payback of eight months.

Capital Expenditure
An independent economic study has shown that the project could deliver a sizeable economic injection into Hope Vale, Cooktown and the surrounding region, including about $23‐million to $24-million in the construction phase and up to $42-million in operation.

Planned Start/End Date
Not stated.

Latest Developments
Diatreme aims to advance the regulatory approval process to ensure the project plays a role in the region’s recovery from the impact of Covid‐19.

In February, the company lodged an application to undertake a voluntary environmental-impact statement, which followed December 2019’s lodgement of a mining lease application.

Key Contracts and Suppliers
Ausrocks (mineral resources).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Diatreme Resources, tel +61 7 3397 2222 or email manager@diatreme.com.au.