Strandline OKs $338m mineral sands project in WA

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Strandline Resources Limited has made a final investment decision (FID) to proceed with the full development of its 100%-owned Coburn mineral sands project in Western Australia.

Located in the Gascoyne region of WA, the A$338 million project will produce a host of critical minerals including premium-quality zircon, titanium feedstock and monazite containing rare earths over an initial 22.5-year life.

Strandline Managing Director Luke Graham said the company’s decision to develop project was ‘fantastic news for Strandline, Western Australia and the mineral sands sector’.

“The project capitalises on its robust technical and commercial fundamentals, and Western Australia’s strong position to support growing demand for critical minerals such as zircon, titanium and rare earths,” Mr Graham said.

“The project is set to benefit from increasing demand and falling supply of its critical minerals following years of under-investment in new projects.

Strandline Resources Strandline’s strategy to develop and operate high margin, expandable mining assets with market differentiation and relevance in the sector.

He said the project is expected to generate significant public benefit including job creation, high Australian industry participation, new local business and indigenous engagement opportunities, as well as capital inflows for Australia.

“Coburn will also provide significant public benefit, employment and new business opportunities as well as export income for the nation,” Mr Graham stated.

“Coburn is expected to generate 300 direct jobs during the construction phase and secure 150 jobs during operations over a multi-decade mine life.”

Image credit: http://www.strandline.com.au/