RTM have returned an average grade of 2.3% zircon in ground....

RTM have returned an average grade of 2.3% zircon in ground. They have 310 km of beach, 100 m wide, and 2 m deep. That equates to about 5 million tonnes of zircon. Zircon currently sells for over A$600 /t. Thus RTM is sitting on over A$1 billion worth of in ground zircon.

There is no overburden so mining costs will be low. This size of resource has the potential to steal market share from some of the major producers. Overall, this resource has significant implications for RTM shareholders.