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ASX ANNOUNCEMENT QUARTERLY ACTIVITIES REPORT FOR THE PERIOD ENDED 30 September 2021 DIATREME Resources 29 October 2021 Quarterly Highlights Galalar Silica Project , Qld • Galalar Silica Project's total JORC Mineral Resource estimate increases by 22 % to 75.5 Mt , highlighting the continuity of its high purity , low iron silica resource Drilling underway at high priority northern exploration targets , located near the world's largest operating silica sand mine at Cape Flattery • Draft EIS and feasibility studies advance Clermont Copper / Gold Project , Qld • Farm - out agreed with Metallica Minerals ( ASX : MLM ) , with Metallica to spend minimum of $ 300,000 before year - end to earn 25 % interest in project Corporate • Successful $ 10M placement to strategic , sophisticated and professional investors boosts funding for development of flagship Galalar Silica Project . • Early extension of maturing debt note of $ 1.50m , extended ( further 12 months ) from 30th November 2021 to 30th November 2022 on favourable terms . AUSTRALIAN SANDS . UNIVERSAL DEMAND . DIATREME RESOURCES LIMITED | ABN 33 061 267 061 ASX : DRX +61 7 3397 2222 Unit 8 , 55-61 Holdsworth St Coorparoo , Qld , 4151 diatreme.com.au