Strandline Resources provided an update on its 100% owned Fungoni Mineral Sands Project, located near Dar es Salaam in Tanzania. The zircon-rich Fungoni Project is predicated on a low capital cost and low risk operating model to produce saleable titanium and zircon mineral sand products to generate near-term cashflow for the Company. Results from the recent aircore (AC) drilling campaign have significantly increased the contained Heavy Mineral (HM) of the Mineral Resource Estimate, improved JORC classification and confirmed the sizable extent of the high grade portion of the deposit favourably positioned at surface. This announcement summarises the key findings, including the potential strong upside of the immediate North West extension zone (Fungoni NW). Significant increase to Fungoni Mineral Resource Estimate ­ The infill and extension drilling has been successful in growing the Fungoni resource and confirmed the high grade mineralised zone at surface: 45% increase in Mineral Resource to 16Mt at 3.1% Total Heavy Mineral (THM) ­ compared to previous estimate of 11Mt at 3.1% THM. Upgraded JORC 2012 classification of Mineral Resource to 60% Measured and 40% Indicated, up from 100% Indicated previously. 42% increase in contained Heavy Mineral (HM) to 480,000t without decreasing THM grade - previous equivalent 340,000t HM. Confirmed the very high grade assemblage characteristics including Zircon 22%, Ilmenite 40%, Rutile 4% and Leucoxene 1%. Fungoni NW Extension Potential ­ Initial 200m x 100m spaced AC drilling of the immediate North West extension zone was completed in December 2016 ­ assay results pending. A single surface sample taken from the centre of the Fungoni NW radiometric anomaly shows high grade of 11.24% THM containing 26% Zircon and similar valuable assemblage of the main ore body. Fungoni Feasibility Study Progressing as Planned ­ The definitive level feasibility work is progressing in earnest with the Company's Fungoni focus now firmly on defining the optimal mining and processing solutions for the Project, whilst concurrently progressing the project approvals process.