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Diatreme reports major zircon find at Eucla

Brisbane-based minerals explorer, Diatreme Resources Ltd, has announced a potential billion-dollar discovery of zircon at the company's Cyclone Prospect in the Eucla Basin in Western Australia.

The find has an estimated inferred resource of 60 million tonnes grading 3.1 per cent heavy minerals, yielding 1.8 million tonnes HM.

Executive chairman Tony Fawdon claimed the resource was of a significant size on a global scale, being comparable with Iluka Resources' Ambrosia resource located in the eastern Eucla Basin.

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