STA, STRANDLINE RESOURCES LIMITED

[nipper]

In Reply To: oilleak's post @ Dec 28 2019, 07:02 PM

Yeah, thx .... When the Chairman says:

The bottom line of this is that funding from NAIF would significantly boost Coburn’s ability to attract the remaining project funding on competitive terms.

Strandline is now progressing the financing process and commercial discussions in order to firm-up investment proposals

I tend to read " desperation" or, at the very least, borderline.

[oilleak]

In Reply To: nipper's post @ Dec 28 2019, 05:52 PM

Promised so much for sooooo looonnngggggg !!

Coburn been on the cards for ears and ears .......

Maybe China will send heavy metals sky high ?

[nipper]

Strandline Resources Limited (ASX: STA) is an emerging heavy mineral sands (HMS) developer with a growing portfolio of 100%-owned development assets located in Western Australia and within the world’s major zircon and titanium producing corridor in South East Africa.

Strandline’s strategy is to develop and operate quality, high margin, expandable mining assets with market differentiation and global relevance.

Strandline’s project portfolio contains high quality assets which offer a range of development options and timelines, geographic diversity and scalability. They include two zircon-titanium rich, ‘development ready’ projects, being the Fungoni Project in Tanzania and the large Coburn Project in Western Australia, as well as a series of titanium dominated exploration targets spread along 350km of highly prospective Tanzanian coastline, including the advanced and large scale Tajiri Project in northern Tanzania.

and close to getting NAIF money for Coburn.

[nipper]

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,

[blacksheep]

In Reply To: blacksheep's post @ Aug 20 2018, 02:34 PM

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

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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[blacksheep]

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

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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[abner29]

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]

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]

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.

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

[melua]

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.