Diatreme Resources Limited (AU:DRX) has released an update.
Diatreme Resources Limited remains confident in their high purity silica sand resources and production projections, which are in high demand globally. Despite the optimistic forecasts, investors are cautioned that the company’s current financial position relative to capital needs for its key projects does not guarantee economic development. Meanwhile, Diatreme is actively pursuing an off-market takeover bid for Metallica Minerals Limited, details of which are available on their website.
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