Strandline completed its fifth shipment of HMC for AU$11.7 million

Strandline Resources Limited (ASX: STA) announced that it has completed its fifth Heavy Mineral Concentrate (HMC) shipment worth AU$11.7 million and is on track for another shipment in May 2023. After commencing on 18 November 2022 commercial production at its Coburn mineral sands in WA, the company has exported over 46000t of HMC till now, and its latest shipment of 10550t. The shipment of the valuable minerals contained in the HMC was with high prices, generating total revenue of AU$48million.

During April, Strandline successfully transitioned to depositing sand tailings (waste) and achieved another critical milestone in the recently mined-out pit. The Wet Concentration Plant (WCP) continues to operate at near-nameplate levels regarding ore throughput, heavy mineral recoveries, and grade of HMC product for periods when two (of the three) Dozer Mining Units were operating.

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