Strandline Resources Limited

Website: www.strandline.com.au
Primary ticker: ASX:STA
Stage of development: Exploration
Primary minerals: Mineral Sands
Project to promote: Fungoni, Tajiri and Coburn Mineral Sands Project

Live financials

Strandline Resources Limited (ASX: STA) is an emerging heavy mineral sands developer with a rich portfolio of 100%-owned development assets located in the two largest zircon-titanium producing regions of the world; South East Africa and Australia.

The Company’s portfolio comprises two ‘development ready’ projects, the Fungoni project in Tanzania and the large Coburn project in Western Australia, as well as a series of major exploration targets spread along 350km of highly prospective Tanzanian coastline. This includes the exciting Tanga South (Tajiri) and Bagamoyo projects in Northern Tanzania and the Sudi project in Southern Tanzania (which is in JV with Rio Tinto).

The Company’s focus is to continue its aggressive exploration and development strategy, making that transition to operational cash flow and global market relevance in the near term.

Haetleys Research Report Patersons Research Report – Painting A Bright Future in Tanzania Patersons Research Report – Tanzanian Site Visit Confirms Upside

Management Profile

Luke Graham – Managing Director & CEO

Mr Graham is an Engineer with over 25 years’ experience in the resources and industrials sectors. Former senior manager of global minerals engineering and project delivery company Sedgman Pty Limited (a member of the CIMIC Group). Extensive experience in major mine and port project development, design, construction and operations within the resources sector including mineral sands, coal, iron, copper and gold projects, and successfully managing multi-functional operations.


What is your rationale for attending 121 Mining Investment?

2019 is shaping up to be a transformational year for Strandline Resources, with the commercialisation of its first mineral sands project asset. We are aiming to introduce Strandline to a range of sophisticated investors that are seeking potential gains based on positive project news flow across an emerging portfolio of the high-value zircon-titanium assets. We endeavour to align ourselves with investors who support our highly-strategic growth strategy and share our positive views on the growing mineral sands market.


What recent news would you like to highlight to investors attending?

14.11.18 ASX Release – Coburn Mineral Resource Estimate increases significantly to 19.6Mt of Contained HM
7.11.18 ASX Release – Sudi Project JV with Rio Tinto to drill priority targets
1.11.18 ASX Release – Updated Fungoni DFS results in significant increases in forecast project financial returns and reduced implementation risk
23.10.18 ASX Release – Drilling underway to grow already-large Resource at Tajiri mineral sands project


What are your key goals for the next 3, 6 and 12 months?

3 Months:

– Secure Fungoni project financing and Final Investment Decision – Issue DFS for Coburn Mineral sands Project in Western Australia – Grow Mineral Resources significantly at the large-scale Tajiri mineral sands project in Northern Tanzania

6 Months:

– Commence construction phase of the Fungoni project – Identify the preferred project financing solution and offtake/JV arrangement for the Coburn mineral sands project – Advance the scoping study for Tajiri project aimed at establishing Tajiri as a Tier-

12 Months:

• The Board is committed to transforming the Company into positive production cashflow and capitalising on the growing mineral sands market and forecasted zircon-titanium supply deficit • Enhance our investor network through continuing to deliver strongly


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The Company’s key risks today reside around the mineral sands investment market confidence, project delivery risks and development approvals. The Company has a robust and practical risk management framework and mature approach to mitigating the various st


In a sentence, what do you think makes your company such a compelling investment?

The Board and Management have a significant ownership stake in the business and performance incentive regimes to encourage long term generation of stakeholder value. Our strategies and KPI’s are focused on growth and differentiating Strandline from its peers in the industry.
The potential for low risk and near term production cash flow through commercialisation of its first project, combined with the large “blue sky” possibilities through the Company’s emerging exploration portfolio and strong mineral sands market fundamentals provides a compelling value proposition.