An independent project enhancement and update study has confirmed the viability of ASX-listed mineral sands developer Diatreme Resources’ Cyclone zircon project, in Western Australia, which now has a net present value of $121-million and an internal rate of return of 23%. Diatreme announced on Wednesday that the project now has a payback period of under three years, based on an updated estimate of processing plant capital and operating costs, as well as shipping and diesel costs, with revenue streams adjusted for current product pricing.
