Strandline Resources Limited announced more strong progress as it moves towards steady-state mineral sands production at its Coburn mineral sands project in WA, with completion of its fourth shipment of Heavy Mineral Concentrate (HMC). The latest shipment of 10,120t means the Company has exported 35,000t of HMC since commencing commercial production on 18 November 2022, generating over AUD 36 million of sales revenue. Prices of the valuable minerals contained in the HMC shipments are significantly higher than the assumptions contained in the Coburn Definitive Feasibility Study of June 2020.

Strandline has also produced additional HMC product which is being fed into the Mineral Separation Plant (MSP) and stockpiled for future sales. The next shipment is expected in April 2023. During March the MSP was successfully handed over from the construction contractor to Strandline.

The key operational focus remains on improving equipment and plant availability, with the commissioning emphasis now on refining mineral recoveries to final product streams.