Strandline Resources Limited advised that it is set to achieve first production and cashflow from its Coburn mineral sands project in Western Australia in the December quarter following rapid progress in the construction of the WCP and supporting infrastructure. Structural and mechanical construction of the WCP and power station is substantially complete, with priorities now shifting to installation of in-plant piping, electrical equipment and bore headworks in preparation for commencement of commissioning. Final construction of other critical supporting infrastructure, including water services, electrical reticulation, communications interconnections, and site offices and buildings, is also underway.

Coburn WCP is designed to beneficiate heavy minerals (ilmenite, rutile, zircon and monazite) and reject the non-valuable, lighter minerals through multiple stages of high-capacity gravity separation and classification. Several shipments of the rich HMC produced from the WCP will be sold to market while construction of Mineral Separation Plant (MSP) is finalised. This strategy will accelerate project cashflow and further de-risk the overall project ramp-up.

Once the MSP is ready, HMC will then be transported to the MSP for further processing to produce Coburn's premium-quality final products, including chloride ilmenite, rutile, premium zircon and zircon concentrate. Pre-stripping of open mining pits has commenced ahead of schedule and is planned to ramp up over the coming months. Three dozer mining units are assembled and ready to be moved into position and commissioned for mining first ore.

Operations planning continues to accelerate, with key focus on assembling a highly skilled and diverse workforce and to finalise the development of operations and maintenance procedures and training packs. With Coburn construction reaching peak activity and personnel numbers on site, 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 and contractual claims. The capital expenditure (Capex) forecast to complete the project, including an assessment of contractual claims received to date, is regularly evaluated by the Company's technical, financial and legal experts.

The project forecast remains in line with the overall Capex budget.