Mineral Sands production company Strandline Resources (ASX:STA) has completed its fifth shipment of heavy mineral concentrate (HMC) worth $11.7 million at its Coburn Mineral Sands Project in Western Australia.
The company says this latest shipment, which held about 10,550t, brings its total exported HMC to over 46,000t since beginning commercial production at Coburn.
Strandline reports these shipments have generated a total revenue of about $48 million, with prices of the valuable minerals contained in the HMC shipments remaining ‘strong’. The company notes it is also on track for another shipment scheduled in May 2023.
“The WCP continues to demonstrate the ability to operate at nameplate ore throughput levels and we are starting to make solid gains in commissioning the downstream MSP”
Speaking on the shipment, Strandline Resources Managing Director Luke Graham said: “The ramp-up of Coburn continues to progress well, albeit having to navigate through greenfield commissioning issues. The WCP continues to demonstrate the ability to operate at nameplate ore throughput levels and we are starting to make solid gains in commissioning the downstream MSP. We are delighted to have already generated $48 million in revenue so far and we look forward to growing this as production continues to ramp up.”
The company also notes during April it has achieved another milestone by transitioning to depositing sand tailings into a recently mined out pit. This process represents a key part of its progressive mine backfill and rehabilitation process.
Additionally, Strandline states its Wet Concentration Plant (WCP) continues to operate at near-nameplate levels in terms of ore throughput, heavy mineral recoveries, and grade of HMC product for periods when 2 Dozer Mining Units are operating.
The company adds its key focus remains on increasing consistency at these nameplate levels through improving equipment and plant availability, enhancing mine planning, and improving mineral recoveries to final product streams at the MSP.
With the shipment now complete, Strandline Resources announces it is continuing with a ramp-up at both its WCP and MSP.
Strandline Resources is an emerging producer of heavy mineral sands with a portfolio of development assets situated in Western Australia and within the world’s major zircon and titanium producing corridor of East Africa.The company’s strategy is to operate ‘high margin’, expandable mining assets with market differentiation and global relevance in the sector.
Strandline’s ‘world-scale’ flagship Coburn project is located in Western Australia and represents one of the largest and most capital-efficient mineral sands projects in the world, with an ‘exceptional’ zircon-titanium product suite, low costs, and ability to generate ‘strong’ financial returns. It is located about 240km north of the major minerals port of Geraldton, and is situated close to key infrastructure.
Other assets included within Strandline’s exploration arsenal include both the Fungoni and Tajiri projects located in Tanzania.
Images: Strandline Resources Ltd
