Strandline hits a six at Coburn

Strandline Resources has confirmed its place among the world’s key mineral sands exporters with its sixth cargo waved off from its flagship Coburn project in Western Australia (reports MiningNews).

MineralSands

The Orhan Valletta set sail from Geraldton Port containing 11,000 tonnes of heavy mineral concentrate worth around A$12 million.

It is the largest sale to date and takes total exports since commercial production began last November to 57,000t of zircon, titanium and monazite rare earths, generating more than $60 million in revenue.

The company continues to work through commissioning and ramp up operations at Coburn and is seeking to improve plant availability and overcome throughput and production constraints caused by equipment failures.

The wet concentration plant is approaching nameplate performance.

While the commissioning of the mineral separation plant progresses, the company expects to continue shipping about one cargo per month.

Material put into the MSP is being stockpiled for future sales.

Studies are ongoing to expand Coburn throughput by up to 50%, funded from cash flow.

Strandline will set guidance for 2023-24 next quarter.

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