What a remarkable year it has been for your Company. When I addressed you a year ago, we were still in the relatively early stages of construction at our Coburn mineral sands project in
The HMC contains valuable minerals of zircon, titanium and rare earth monazite - products used in everyday life. This immense achievement has come in the face of some major challenges, including the impact of COVID on our workforce, skills shortages, delays in the delivery of key materials and rising costs across the resources and construction industries. On behalf of the Board, I would like to say a huge thankyou to our Managing Director,
Prices for our products are running well above those we used in our definitive feasibility study two years ago. This reflects the lack of supply, which stems from under-investment in new mineral sands projects over the past decade combined with strong long term demand, primarily driven by urbanisation, rising living standards, global growth and new applications such as global electrification and renewable energy. The demand for Coburn's products is also widely diversified on a geographical basis, with 80 per cent of our sales destined for markets outside
The MSP, once ready, will process the HMC and recover the valuable minerals into their final product streams of zircon, ilmenite and rutile, as well as zircon concentrate opening the door for further increases in cashflow. 2 2022 ANNUAL GENERAL MEETING CHAIR'S ADDRESS While Coburn has attracted much of the attention in recent times, we have been working steadily with the Tanzanian Government to advance our world-class mineral sands assets in
No emerging resources company or project is without its challenges and frustrations at various times. We have endured all these, and I am sure you will agree that all our stakeholders now deserve the benefits of this hard work and investment. On behalf of the Board, I wish all our team and our shareholders a very Merry Christmas.
I look forward to reporting to you over the coming year as we continue to grow and develop our business.
Contact:
CEO and Managing Director
T: +61 8 9226 3130
E: enquiries@strandline.com.au
Media
Read Corporate
T: +61 8 9388 1474
E: paul@readcorporate.com.au
FORWARD LOOKING STATEMENTS
This report contains certain forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside of the control of Strandline. These risks, uncertainties and assumptions include commodity prices, currency fluctuations, economic and financial market conditions, environmental risks and legislative, fiscal or regulatory developments, political risks, project delay, approvals and cost estimates. Actual values, results or events may be materially different to those contained in this announcement. Given these uncertainties, readers are cautioned not to place reliance on forward looking statements. Any forward looking statements in this announcement reflect the views of Strandline only at the date of this announcement. Subject to any continuing obligations under applicable laws and ASX Listing Rules, Strandline does not undertake any obligation to update or revise any information or any of the forward-looking statements in this announcement to reflect changes in events, conditions or circumstances on which any forward looking statements is based
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