Diatreme Resources (ASX:DRX) has completed a study for its emerging Northern Silica Project (NSP), highlighting the far north Queensland's project's potential.

The company said NSP could become a leading supplier of low-cost, premium quality "low iron" silica sand product for fast growing photovoltaic (PV) glass markets.

It also said the study indicates the potential target production rate of 5 Mtpa could be sustained for 25 years. 

Diatreme Resources added that the Indicated & Inferred Mineral Resources currently total 235 Mt, with further expansion drilling planned for 2023.