Morgans rates STA as Add

Strandline Resources Limited is a producer of heavy mineral sands with a portfolio of development assets located in Western Australia and within the zircon and titanium producing corridor in East Africa. Its projects include Coburn Mineral Sands Project and Tanzania Mineral Sands Projects. The Coburn Mineral Sands Project is situated in the mining jurisdiction of Western Australia, close to key infrastructure. The deposit is located 240 kilometers (km) north of the mineral port of Geraldton in Western Australia. The project is underpinned by a high-value product suite comprising critical minerals of zircon, titanium and monazite (containing rare earth elements). It owns multiple mineral sands growth projects along the prospective coastline of Tanzania, including the Fungoni and Tajiri projects, and a series of exploration tenements. The Tajiri project comprises a series of mineral sands deposits stretching along 30 kms of coastline in northern Tanzania, near the port city of Tanga.