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STA, STRANDLINE RESOURCES LIMITED
nipper
post Posted: Jun 4 2019, 08:29 AM
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QUOTE
Making the switch from explorer to producer of ilmenite and zircon has been a slow process for Strandline, which once traded as Gunson Resources. The name change in late 2014 didn’t alter the primary focus of the company, which is the Coburn mineral sands project on the mid-west coast of Western Australia, plus a number of assets across the Indian Ocean in Tanzania.

Potentially, Strandline could see a series of mines developed over the next few years with the small Fungoni project in Tanzania likely to be the first cab off the rank, generating sufficient revenue to pay for bigger projects close to the coast of the East African country.

A relatively small mine, Fungoni is expected to cost $US32m ($46m) to develop and, while likely to only operate for a few years, could generate life-of-mine earnings of $US115m, which is likely to be used to help fund other mines in Tanzania and Coburn in WA Coburn will cost an estimated $173m, eventually yielding 49,500 tonnes of zircon a year, plus 109,000 tonnes of ilmenite and 23,500 tonnes of a specialty product called HiTi 90 (which is 90 per cent titanium dioxide).

Not widely researched, Strandline’s story was picked up two weeks ago by analysts at Morgans, a stockbroking firm, which said 2019 would be a year of news and development for the emerging miner. Fungoni, Morgans said, would be a low-risk starter project with a second Tanzanian project, Tajiri, a step up, while Coburn in WA was potentially a world class mine.

Morgans reckons Strandline, which is currently trading at 12c, could rise as high as 38c over the next 12 months..

Tim Treadgold is the commodities writer at Eureka Report,



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Oct 3 2018, 11:47 AM
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In Reply To: blacksheep's post @ Aug 20 2018, 02:34 PM

QUOTE
HIGHLIGHTS
• Binding sales contract signed with IMMCO (Industrial Minerals and Metals) Limited covering all the rutile to be produced at Fungoni for the life of the mine
• Strandline now has binding take-or-pay contracts covering 100% of Fungoni’s forecast production
• Sale price for the rutile is based on the prevailing US-dollar market price for premium “welding grade” rutile; This is expected to exceed the pricing assumptions contained in the DFS
• Fungoni is ideally positioned to capitalise on the growing mineral sands market, producing a premium quality product suite, including zircon-monazite, chloride grade ilmenite and rutile
• Favourable per-shipment payment arrangements will ensure reliable and timely cashflow to Strandline


extract from yesterdays ann relating to negotiations with the Tanzanian Govt

QUOTE
During the meeting, the Government:
• Confirmed Tanzania’s commitment to facilitate mining investment in Tanzania following the granting of new Mining Licences;
• Acknowledged the importance of ensuring banking and investment provisions are structured to allow financing of projects;
• Advised that a meeting of all relevant Tanzanian Ministries, as well as the Governor of the Bank of Tanzania and the Attorney General, is to take place as soon as possible to provide extra clarity on the banking provisions under the Mining Act; and
• Stated its ongoing support for the development of the Fungoni mineral sands project and the Company’s portfolio of mineral sands assets over time.


Anns are not having much impact on the SP - currently 15.5c with only 20k shares traded - total value $3.2k - Tanzania factor still in play?
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 20 2018, 02:34 PM
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In Reply To: blacksheep's post @ Jul 4 2017, 01:32 PM

STA releasing an ann regarding the current status of it's Fungoni Mining Licence Application in Tanzania. WKT also made a similar announcement today - seems some investors may be thinking approval is a done deal. Maybe an encouraging sign, but by no means a certainty

QUOTE
The Company is aware of an update to the status of Fungoni ML/00639/2017 on the Tanzanian Ministry of
Minerals online Cadastral system from “Application” to “Application Recommended”. While this change in
status does not constitute final approval of the Mining Licence for Fungoni, it is part of the approvals
process.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
abner29
post Posted: Mar 30 2018, 01:16 AM
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In Reply To: abner29's post @ Dec 17 2017, 01:22 AM

Futher development, a new listing symbol for NASDAQ is STQNF. Note share quote for STQNF as of 28/3/2018 is US$.036. ASX A$.12-.13 suggesting huge difference. How is this possible?

 
abner29
post Posted: Dec 17 2017, 01:22 AM
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With recent recapitalization is it fair to expect a renewed effort on the part of management to energize a program to pursue a long awaited entry into the mineral sands supply system? No doubt financing the effort will ensue. If interested, as outside speculators, do we enter now or await developments?

 
blacksheep
post Posted: Jul 4 2017, 01:32 PM
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In Reply To: melua's post @ Mar 2 2016, 09:28 AM

Another company operating in Tanzania and currently in a trading halt pending an announcement re changes to mining legislation proposed by the Tanzanian
Government.

Fortunately for STA, they finalised a jv with RIO just a week ago.

QUOTE
Strandline finalises heavy mineral sands joint venture with Rio Tinto; Exploration is underway

HIGHLIGHTS
• Rio Tinto successfully completes due diligence on Strandline’s heavy mineral sands tenements in southern Tanzania, enabling the earn-in and Joint Venture Agreement to start
• Rio to make first cash payment of US$500,000 to Strandline within 30 days; in addition, Rio required to spend at least US$2 million on exploration over next 18 months
• Exploration of Strandline’s southern Tanzanian tenement portfolio has commenced in preparation for a reconnaissance air core (AC) drilling programme to start in July


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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

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melua
post Posted: Mar 2 2016, 09:28 AM
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In Reply To: nanohits's post @ Feb 17 2016, 09:50 PM

Struggling to gain momentum. Board reduction a good thing. They are keeping a close eye on expenses.

 
nanohits
post Posted: Feb 17 2016, 09:50 PM
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In Reply To: melua's post @ Feb 17 2016, 09:19 PM

Probably dud. Very cheap and hasnt moved much.

 
melua
post Posted: Feb 17 2016, 09:19 PM
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In Reply To: kruze's post @ Dec 31 2015, 10:18 PM

STA seems cheap. Those drill results on the mineral sands were outstanding.

 
kruze
post Posted: Dec 31 2015, 10:18 PM
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What is up with this forum? Gunson changed it.s name to Strandline about a year ago , new code STA but it is not recognised here. Poor form sharescene, get with it or you will become obsolete. Anyway STA is going to rocket in my opinion. Directors putting lots of skin into this one,,,,, a very good sign for things to come... this will be Iluka Mk 2 IMHO.


Said 'Thanks' for this post: KianJ  
 
 


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