The company confirmed to the ASX on Friday that 8600 metric tonnes of wet heavy mineral concentrate product had been loaded at the Port of Geraldton at an estimated worth of approximately $8 million.
Its shipment contains a number of minerals including zircon sand, titanium ores and rare earth monazite, with the sales proceeds expected to be delivered in the next seven days.
Further volumes of heavy mineral concentrate has been produced and is being stockpiled to be fed into mineral separation plant and future sales.
Strandline managing director Luke Graham said the second shipment showcased strong production at Coburn and assist in growing the company in 2023.
“This second shipment reflects the strong progress being made in the ramp up at Coburn. As well as generating important early revenue, the successful start to mining and heavy mineral concentrate production lays a solid foundation for the start of the mineral separation plant,” he said in a statement.
“The transition to (the) mineral separation plant ramp up and production of Coburn’s final product streams over the coming months will mark Strandline’s arrival as a world-scale, long life producer of critical minerals, with some outstanding growth prospects, including the potential expansion opportunities at Coburn.”
The product streams under binding off-take agreements will be sold globally to customers in Europe, America, and China.
