Strandline Resources Limited (ASX: STA) is pleased to advise first ore has been processed in the Wet Concentration Plant (WCP) at its 100%-owned Coburn mineral sands project in WA. As part of the commissioning process, tuning of WCP sequences, equipment settings and instrument control loops is advancing, in parallel with completing construction punch list items and managing plant defects as they arise. Ore mining is underway using multiple in-pit dozer mining units. While commissioning of the WCP continues, construction teams remain focused on finalising the downstream Mineral Separation Plant (MSP) and remaining support infrastructure. Strandline expects to sell several shipments of Heavy Mineral Concentrate produced from the WCP while construction of the MSP is being completed.
Strandline Managing Director Luke Graham said: 'I would like to congratulate the Strandline team and our contracting partners for achieving this fantastic milestone of first ore. 'The team has overcome some well-documented challenges in the mining and construction industry and has achieved this success with zero lost time or medical treatment injuries recorded to date. 'With ore commissioning and tuning of the WCP underway, we are now working to accumulate a stockpile of heavy mineral concentrate ahead of our first shipment. 'At the same time, the construction emphasis is on completion of the MSP and remaining project infrastructure'. With Coburn construction nearing completion and operations ramping up, the Company continues to focus on managing the various risk factors associated with development of the project. This includes HSE risks, potential impacts of COVID-19, inclement weather, contractor performance, commissioning and contractual claims and disputes.
ABOUT COBURN MINERAL SANDS PROJECT
In May 2021 Strandline made a Final Investment Decision (FID) to proceed with the full development of its world-scale Coburn mineral sands project, located in the Gascoyne region of Western Australia. The construction schedule has first production of HMC planned for the December quarter of 2022. The Coburn project is set to capitalise on its robust margins, the buoyant minerals sands commodity pricing outlook, its tier-1 location, and the growing demand for critical minerals. The Coburn mine life currently sees mining continue until 2045 (based on mining the initial 22.5-year JORC 2012 compliant Ore Reserves), with the potential to extend to 2060 (total 37.5 years mine life) by converting Mineral Resources which exist immediately north and along strike of existing Ore Reserves.
Strandline is committed to building a highly efficient and sustainable mining operation. The project provides significant public benefit including job creation, high Australian industry participation in the supply chain, new local business and indigenous engagement opportunities, as well as capital inflows for Australia. Refer to the ASX Announcement dated 10 June 2020 for more information on the Coburn mineral sands project and details of the material assumptions underpinning the production target and financial results for the Coburn Project DFS, Ore Reserve and Mine Life Extension Case Scoping Study. The Company confirms that all material assumptions and technical parameters underpinning Resource Estimates, Production Targets and Project Feasibility Studies, continue to apply and have not materially changed.
Contact:
Luke Graham
CEO and Managing Director
Strandline Resources Limited
T: +61 8 9226 3130
E: enquiries@strandline.com.au
FORWARD LOOKING STATEMENTS
This report contains certain forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside of the control of Strandline. These risks, uncertainties and assumptions include commodity prices, currency fluctuations, economic and financial market conditions, environmental risks and legislative, fiscal or regulatory developments, political risks, project delay, approvals and cost estimates. Actual values, results or events may be materially different to those contained in this announcement. Given these uncertainties, readers are cautioned not to place reliance on forward looking statements. Any forward looking statements in this announcement reflect the views of Strandline only at the date of this announcement. Subject to any continuing obligations under applicable laws and ASX Listing Rules, Strandline does not undertake any obligation to update or revise any information or any of the forward-looking statements in this announcement to reflect changes in events, conditions or circumstances on which any forward looking statements is based
STRANDLINE RESOURCES LIMITED 
