Strandline Resources Limited announced that it continues to de-risk implementation of its Coburn mineral sands project in WA, securing another strategic binding offtake agreement. Highlights: Strandline secures binding offtake contract for premium zircon product with Mario Pilato BLAT S.A., a leading European raw material supplier to the ceramics, glass and refractory industries; Under the agreement, the sale price for zircon references the prevailing US-dollar market price for premium zircon, with sales forecast to generate ~8-9% of Coburn's annual revenue; Strandline now has 100% of Coburn's forecast revenue secured under binding sales contracts, estimated to average ~USD 140 million per annum (~AUD 200 million at AUD: USD 0.70); Offtake contracts are with some of the world's largest mineral sands consumers, with ~80% of production pre-sold to major American and European customers with the balance sold into Asia; Coburn is fully-funded through to production and cashflow with first production of Heavy Mineral Concentrate (HMC) scheduled for the December quarter 2022. The Agreement, for nominally 10,000 tonnes per annum of finished premium zircon product for an initial two- year period, has been signed with European-based Mario Pilato BLAT S.A. (Pilato), a leader in providing raw material products for the ceramics, glass, refractory and investment casting markets. Coburn's premium zircon quality has been confirmed as a ceramic-grade specification (containing +66% ZrO2, good whiteness properties with low impurities, including low U+Th) and will be used by Pilato to produce zircon flour or zirconium silicate for downstream ceramics opacifiers and in premium refractory applications. The zircon sales covered by the Pilato contract are expected to generate approximately 8-9 per cent of Coburn's total annual revenue during the first two-years of production. The Agreement is subject to conditions precedent regarding Coburn development.