Strandline Resources Limited advised the initial stages of commissioning of the Wet Concentration Plant (WCP) at its Coburn mineral sands project in WA is almost complete, paving the way for first production. Final construction verification, water commissioning and sequence testing is now underway. Successful completion of this phase of commissioning will be followed by the introduction of the first ore and ramp up.

Pre-production mining of the open pits (pre-stripping) is also finished, and all dozer mining units and key equipment fleet are ready for ore mining. While commissioning of the WCP continues, construction teams have transitioned to finalise the downstream Mineral Separation Plant (MSP) and remaining support infrastructure, with overall project construction now 95% complete. Final drawdown of Coburn's senior finance facilities has also been successfully completed in accordance with the development plan.

Strandline expects to sell several shipments of Heavy Mineral Concentrate produced from the WCP while construction of the MSP is being completed. 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. 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, commissioning and contractual claims and disputes. 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.