Strandline Resources Limited advised that the first shipment of Heavy Mineral Concentrate (HMC) from its 100%-owned Coburn mineral sands project in WA has been completed. The shipment of approximately 6,500 metric tonnes of HMC product (containing valuable minerals of zircon sand, titanium ores and rare earth monazite) was loaded at the Port of Geraldton. The value of the shipment is ~AUD 6.5 million CIF, with sales proceeds expected to be received later this week.

The first shipment of HMC is part of ore commissioning and ramp-up of Coburn's Wet Concentration Plant (WCP). Production and haulage of HMC product to port storage facilities is continuing, with preparations already underway to co-ordinate the second shipment of HMC, which is targeted for January 2023. Focus remains on increasing production throughput of the WCP towards design rates, improving plant availability and optimising product recoveries.

While ramp up of the WCP continues, construction and commissioning teams remain focused on finalising the downstream Mineral Separation Plant (MSP) and remaining support infrastructure.