Strandline Resources (ASX: STA) is pleased to announce that it has taken another important step towards development of its Coburn mineral sands project in Western Australia by appointing Macmahon (ASX: MAH) as the principal contractor to provide site-wide civil and bulk earthworks construction services for the Project.

The scope includes construction of a 43km bitumen sealed access road connecting the mine with the North West Coastal Highway, installation of other site roads, bulk earthworks pads, dams and drainage associated with the mine and process infrastructure.

The contract is a key early works package to establish access and construction pads across the various project areas, including the accommodation village, processing facilities, power station, bore fields and site offices and buildings (amongst other areas).

The parties have agreed final contract documentation (the Agreement) with special provisions relating to schedule, cost, safety and environment, quality, local content and indigenous engagement.

The Agreement is subject to conditions precedent regarding the development of the Project and Strandline releasing a formal notice to proceed to commence the works under contract.

Macmahon's experience in civil and bulk earthworks construction and bulk material mining, means it is well credentialled to meet Coburn's early development requirements. Macmahon's execution plan incorporates the use of local procurement initiatives and specialist sub-contractors to support the construction works, as well as aligning strongly with Strandline's approach to health, safety and environmental and indigenous engagement.

Strandline Managing Director Luke Graham said the contract marked another key step towards the start of construction at Coburn.

'This commercial milestone is the first of a series of material project contracts to be awarded as part of project financing in preparation for construction and Financial Close.' Mr Graham said.

'We are pleased to further our relationship with Macmahon and look forward to delivering the construction works safely, on time and budget,'

'Coburn has a world-scale Ore Reserve, situated in a Tier-1 location, we have binding offtake agreements in place with major customers, reputable contractors on board and project funding activities progressing rapidly.'

This announcement is authorised for release by the Board of Directors of Strandline Resources Limited.

ABOUT MACMAHON

Macmahon's civil and surface mining business has more than 50 years' experience in bulk and selective mining operations. Headquartered in Perth, with offices in Brisbane, Adelaide and Jakarta, Macmahon provides services throughout Australia and to large mines in Indonesia and South Africa across a range of commodities. With a commitment to providing end to end services, Macmahon has built a reputation for successful project delivery and has achieved award winning results in safety, indigenous engagement, employment and training. The company won the 2019 WA Mentally Healthy Award for its Strong Minds, Strong Mines program, and has been recognised for its commitment to indigenous training and employment.

ABOUT STRANDLINE

Strandline Resources Limited (ASX: STA) is an emerging heavy mineral sands developer with a portfolio of 100%- owned development assets located in Western Australia and within the world's major zircon and titanium producing corridor in East Africa. Strandline's strategy is to develop and operate high margin, expandable mining assets with market differentiation and global relevance.

Strandline's project portfolio contains high quality assets which offer a range of development options and timelines, geographic diversity and scalability. They include two zircon-titanium rich, 'development ready' projects, being the large Coburn Project in Western Australia and the Fungoni Project in central Tanzania, as well as a series of titanium dominated exploration projects spread along the highly prospective Tanzanian coastline, including the advanced and large scale Tajiri Project in northern Tanzania.

Contact:

Luke Graham

Tel: +61 8 9226 3130

Email: enquiries@strandline.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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