Strandline Resources Limited announced that the production ramp-up at its Coburn Mineral Sands Project in WA is progressing to schedule, with the mine and Wet Concentration Plant (WCP) approaching nameplate performance levels in terms of throughput, heavy mineral recoveries and grade of Heavy Mineral Concentrate (HMC) product for extended periods during February 2023. As a result of this strong performance, the company has completed its third shipment of HMC (10,005t), meaning that the Company has exported over 25,000t of HMC since commencing commercial production on 18 November 2022. Prices of the valuable minerals contained in this latest HMC shipment are slightly higher than the previous two shipments, which highlights further strengthening of the global mineral sands market.

Current commodity prices exceed Coburn DFS assumptions. The company has also produced additional HMC product which is being stockpiled for feed into the Mineral Separation Plant (MSP) and future sales. The next shipment is expected in March 2023.

During February, Strandline progressively introduced HMC product into the MSP as part of commissioning and to aid the curing process for the MSP dryer equipment ready for continuous feed. The MSP is designed to efficiently separate the valuable minerals into their final product streams of premium zircon, ilmenite, rutile and zircon concentrate (containing rare earth monazite). These product streams are all under binding offtake agreements and will be sold to leading global customers in Europe, America, and China.