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Company News
Two Australian sand racers are picking up speed
China’s economy reboot has come just in time for two Australian mining companies engaged in a low profile, high-stakes race in a sand patch. The sand patch is Western Australia, but in the case of Strandline Resources (ASX: STA) and Sheffield Resources (ASX: SFX) the sand is a mix of high value zircon and titanium-rich […]
Russia’s war on the Ukraine puts more pressure on global titanium mineral supplies
The world is not running short of paint, but it might soon face a squeeze on titanium dioxide supplies as Russia continues waging war on the Ukraine – possibly triggering a wake-up call for Australian producers of the material which is mainly used as pigment in paint. While best-known in the commodities world for its […]
New Tanzanian president’s mining approach could bode well for OreCorp, Peak and Strandline Resources
A big win by a private British company in Tanzania has brightened the outlook for a number of ASX-listed explorers getting close to development commitments in the east African county with the potential for significant share-price appreciation. OreCorp (ASX: ORR), Peak Resources (ASX: PEK) and Strandline Resources (ASX: STA) are in a group of Australian […]
Sand miners on the move but risks are high
A near doubling in the price of Iluka Resources (ASX: ILU) and a sharp upward move by Astron Corporation (ASX: ATR) has restored investor interest in titanium minerals and zircon, but before buying into one of Australia’s oldest mining industries it is worth looking at how tricky it can be. What’s driven Iluka up from […]
Strandline Resources inks final offtake deal, 100% of production committed
Mineral sands developer Strandline Resources (ASX: STA) has signed an agreement with a Spanish raw material supplier for 10,000 tonnes per annum of premium zircon. The binding offtake deal with Mario Pilato BLAT is the last offtake agreement, with all output from the planned Coburn minerals sands mine now covered by customer contracts. The total […]
Strandline Resources announces final investment decision for Coburn mineral sands project
Emerging mineral sands producer Strandline Resources (ASX: STA) has announced a final investment decision to proceed with full development of its wholly-owned $338 million Coburn project in the Gascoyne region of Western Australia. Construction is expected to commence immediately, with first production scheduled for the second half of 2022. An updated definitive feasibility study released […]
Strandline Resources secures Primero for $135m EPC contract at Coburn mineral sands project
Final preparations for the construction of Strandline Resources’ (ASX: STA) $260 million Coburn mineral sands project in Western Australia are advancing, with the appointment of engineering consultant Primero Group to design and build the core processing plant infrastructure. The $135 million contract will see Primero, a subsidiary of NRW Holdings (ASX: NWH), manage all engineering, […]
Strandline Resources locks in cost-cutting LNG supply for Coburn mineral sands mine
Mineral sands developer Strandline Resources (ASX: STA) has inked a 10-year liquefied natural gas (LNG) supply agreement to power its mine development and operation in Western Australia. Road trains will move the LNG from the Pluto loading facility — owned by Woodside Petroleum (ASX: WPL) — near Karratha to the Coburn mine site. The LNG […]
Strandline Resources completes institutional offer for its Coburn mineral sands project
Mineral sands explorer Strandline Resources (ASX: STA) has announced the successful completion of an institutional entitlement offer to cover more than 60% of a planned $122 million equity raise. Earlier this week, the company announced the fully underwritten equity raise to fund the development of its 100% owned Coburn mineral sands project in Western Australia. […]
Strandline Resources secures US$60m bond issue for Coburn mineral sands project
Mineral sands developer Strandline Resources (ASX: STA) has completed its debt funding for the Coburn mineral sands project in Western Australia with a senior secured US$60 million (A$77.6 million) bond issue. Coburn, 240km north of Geraldton, has an initial 22.5 years of ore reserves containing zircon, ilmenite and rutile and is capable of supplying 5% […]
