Tillkännagivande • Oct 08
Strandline Resources Limited, Annual General Meeting, Nov 28, 2024 Strandline Resources Limited, Annual General Meeting, Nov 28, 2024. Tillkännagivande • Aug 09
Ganzhou Chenguang Rare Earths New Material Co., Ltd. acquired Strandline Resources Uk Limited from Strandline Resources Limited (ASX:STA) for AUD 43 million. Ganzhou Chenguang Rare Earths New Material Co., Ltd. signed a share purchase agreement to acquire Strandline Resources Uk Limited from Strandline Resources Limited (ASX:STA) for AUD 43 million on May 20, 2024. The transaction also includes the acquisition of Tanzanian mineral sands projects. As part of consideration, Ganzhou Chenguang will pay AUD 27.2 million in cash and AUD 15.8 million for the assignment of the inter-company loans, Strandline has provided to fund its Tanzanian Projects. As of December 31, 2023, Strandline Resources Uk reported a total asset of AUD 15.5 million, net assets of AUD 1.8 million and net loss of AUD 0.27 million. The proceeds from the transaction will be used to repay existing super senior indebtedness and for working capital. The completion is subject to obtaining all necessary regulatory and government approvals, including Tanzanian and Chinese government approvals and there being no material adverse change, including a material breach of a warranty provided by Strandline or the licenses for its Tanzanian projects being revoked.
Ganzhou Chenguang Rare Earths New Material Co., Ltd. completed the acquisition of Strandline Resources Uk Limited from Strandline Resources Limited (ASX:STA) on August 8, 2024. The consideration will be used to repay the AUD 35 million super senior debt facilities along with accrued interest and fees. Tillkännagivande • Nov 24
Strandline Resources Limited Announces Executive and Management Team Changes Strandline Resources Limited provides an update on changes to its executive and management team and commissioning activities at the Coburn Mineral Sands Project. EXECUTIVE AND MANAGEMENT CHANGES: Belinda Murray appointed as Chief Operating Officer. Belinda is an experienced executive with over 20 years in the resources industry. Belinda previously spent 12 years with the BGC Group in various leadership roles and played an integral role in overseeing the company's growth. She has held a broad range of responsibilities including various aspects of mining operations, commercial, safety, governance, culture and sustainability. Belinda has been Strandline's Head of Commercial & Strategic Development since November 2022. Ian Hind appointed as the new General Manager Marketing and Logistics. Ian has extensive mineral sands marketing and logistic experience having spent 13 years with Iluka Resources Limited in a variety of international marketing and logistics roles. Ian has also spent three years as the Business Development Manager at Mid West Ports Authority which is responsible for administering the operation of the port of Geraldton from where Strandline exports its products. John Francisco appointed as the new General Manager of Coburn Operations. John has held a number of development and operational roles in various mining operations both in Australia and overseas and brings a wealth of experience to the team. John worked closely with Jozsef Patarica on the ramp up to nameplate throughput rates of the Grande Cote Mineral Sands Operations in Senegal, West Africa. He has led project teams through design, construction, commissioning and into sustainable operations. He was Operations Manager at the Wahgnion Gold Mine in Burkina Faso and General manager at the Kipoi Copper Mine in the DRC. Michael Ingram appointed as Technical Manager. Michael is a Geologist with 30 years in technical management roles within the mineral sands and industrial minerals industries. His experience includes 10 years in consulting firms performing engineering and project management roles on projects for Iluka Resources and Tiwest/Tronox both in Australia and overseas. Michael has been Strandline's Senior Project/Studies Manager since March 2023. Additional to changes in executive and management significant technical and operational support has been engaged to assist with the ramp up and commissioning of Coburn. The following mineral sands specialist consultants, who have previously worked with Jozsef Patarica, have been engaged: Mr. John Bunter who has more than 50 years mineral sands experience having been involved with Allied Eneabba Limited, Sierra Rutile Limited, RGC Minerals Sands /Iluka Resources Limited (Narngulu & Eneabba), Ticor South Africa Pty Ltd, and Grande Cote Mineral Sands Operations in West Africa, Senegal. John has held a number of management roles with responsibility for operations, commissioning and design of many mineral sand's projects globally. He was also the Managing Director of Allied Mineral Laboratories for five years where he oversaw several test work programs as well as design, build and operation of physical separation test facilities including one with the University of Sierra Leone. Mr. Anthony Hegarty is a mining professional with more than 35 years mineral sands experience having been involved with Iluka Resources Limited (Eneabba), Sierra Rutile Limited, Kenmare Resources PLC in Mozambique, Tiwest Pty Ltd. (Cooljarloo Mine, Cataby) and Grande Cote Mineral Sands Operations in Senegal and reported directly to the in-country CEO. He has held a number of management roles responsible for mining, processing and overall operations. The Company also advises that Flavio Garofalo has resigned as Company Secretary of the Company and its subsidiaries to pursue other interests. Jamie Cann, will continue in the role of Company Secretary for Strandline and its subsidiaries. Tillkännagivande • Oct 06
Strandline Resources Limited, Annual General Meeting, Nov 23, 2023 Strandline Resources Limited, Annual General Meeting, Nov 23, 2023, at 14:30 W. Australia Standard Time. Tillkännagivande • Sep 25
Strandline Resources Limited Announces Executive Changes Strandline Resources Limited announced that highly regarded senior mining executive Jozsef Patarica has been appointed Managing Director. The appointment of Mr. Patarica, who was appointed Strandline’s Chief Executive Officer in July 2023, follows the resignation of Managing Director Luke Graham. Jozsef Patarica is a mining executive with over 30 years’ experience developing projects in Australia and overseas successfully transitioning them into sustainable operations. Mr. Patarica holds a Bachelor of Engineering, Mechanical, from Curtin University, a Master of Business Administration, Technology Management, from La Trobe University, and a Diploma from the Australian Institute of Company Directors. As Chief Executive Officer of Grande Cote Operations for Mineral Deposits Limited, he led the ramp-up to nameplate capacity of the world-class mineral sands operation in Senegal, West Africa. This involved optimisation of the Mineral Resource, maximising the project’s economics. He also led the development of the Fosterville Gold Mine, the larger gold producer in Victoria, Australia. Jozsef has held numerous board positions throughout his career including TiZir Limited (United Kingdom), TiZir Titanium & Iron (Norway) and Bassari Resources Limited as Managing Director/CEO. Prior to joining Strandline, Jozsef was Chief Executive Officer of Gippsland Critical Minerals, focused on developing the Fingerboards Mineral Sands Project in East Gippsland, Victoria. Tillkännagivande • Aug 02
Strandline Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 33.827994 million. Strandline Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 33.827994 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 187,933,300
Price\Range: AUD 0.18
Discount Per Security: AUD 0.009
Transaction Features: Subsequent Direct Listing Tillkännagivande • Jul 25
Strandline Resources Limited Appoints Jozsef Patarica as CEO Strandline Resources Limited announced the appointment of Jozsef Patarica as Chief Executive Officer, providing additional executive strength for Managing Director, Luke Graham. Mr. Patarica has a wealth of operational and executive experience in the resources industry, including the mineral sands sector. Mr. Patarica has extensive experience at senior operational and executive levels in Australia and Africa. He has successfully transitioned several projects through the development phase into sustainable operations. As Chief Executive Officer of Grande Cote Operations for Mineral Deposits Limited, he led the ramp up to nameplate capacity of the world-class mineral sands operation in Senegal, West Africa. This involved optimising the Mineral Resource and maximising the project's economics. Mr. Patarica also led the development of the Fosterville Gold Mine, now the largest gold producer in Victoria. The operation has recently passed a significant milestone producing 4Moz since the commencement of operations and employs over 800 people. Following Mr. Patarica's appointment, Mr. Graham will relinquish his role as CEO and remain Managing Director. ABOUT Jozsef Patarica: Jozsef is a mining executive with over 30 years' experience developing projects in Australia and overseas successfully transitioning them into sustainable operations. Mr. Patarica holds a Bachelor of Engineering, Mechanical, from Curtin University, a Master of Business Administration, Technology Management, from La Trobe University, and a Diploma from the Australian Institute of Company Directors. Jozsef was Chief Executive Officer of the Grande Cote Operations, a minerals sands producer in Senegal, West Africa for Mineral Deposits Limited and managed the development of the Fosterville Gold Mine, the largest gold producer in Victoria, Australia. Jozsef has held several board positions throughout his career including TiZir Limited (United Kingdom), TiZir Titanium & Iron (Norway) and Bassari Resources Limited as Managing Director where he was involved in the initial public offering and listing on the ASX. Jozsef is currently Chief Executive Officer of Gippsland Critical Minerals which is focused on developing the Fingerboards Mineral Sands Project in East Gippsland, Victoria. Tillkännagivande • Dec 20
Strandline Resources Limited Announces First Shipment of Heavy Mineral Concentrate from Coburn Mineral Sands Project Strandline Resources Limited advised that the first shipment of Heavy Mineral Concentrate (HMC) from its 100%-owned Coburn mineral sands project in WA has been completed. The shipment of approximately 6,500 metric tonnes of HMC product (containing valuable minerals of zircon sand, titanium ores and rare earth monazite) was loaded at the Port of Geraldton. The value of the shipment is ~AUD 6.5 million CIF, with sales proceeds expected to be received later this week. The first shipment of HMC is part of ore commissioning and ramp-up of Coburn's Wet Concentration Plant (WCP). Production and haulage of HMC product to port storage facilities is continuing, with preparations already underway to co-ordinate the second shipment of HMC, which is targeted for January 2023. Focus remains on increasing production throughput of the WCP towards design rates, improving plant availability and optimising product recoveries. While ramp up of the WCP continues, construction and commissioning teams remain focused on finalising the downstream Mineral Separation Plant (MSP) and remaining support infrastructure. Tillkännagivande • Dec 14
Strandline Resources Limited Announces Executive Appointments Strandline Resources announced that it has strengthened its executive capacity with two key appointments. Belinda Murray as Head of Commercial and Strategic Developments. Ms. Murray has spent the past 12 years with BGC Group in various roles including General Counsel, Company Secretary and Executive Director of BGC Group companies. As Executive Director of BGC Contracting, she played an integral role in overseeing the Company's growth while ensuring that key risks were managed appropriately. Ms Murray also held a broad range of other executive responsibilities including safety, people, culture and sustainability. She will focus on leading Strandline's in-house strategic developments, commercial, contracts and procurement functions and sustainability initiatives. Jamie Cann as General Counsel, Head of Risk and Compliance and Joint Company Secretary. With over 25 years as a corporate lawyer, in-house legal counsel and commercial manager, Mr. Cann joins as General Counsel, Head of Risk and Compliance and joint Company Secretary along with CFO Flavio Garofalo. He brings a wealth of international experience in resources and mineral sands, having been Legal Manager with Iluka Resources for nine years and most recently with Fortescue Future Industries in various roles including Head of Global Governance and Compliance and as part of the International Operations team working across multiple countries in Africa and the Middle East. Tillkännagivande • Nov 18
Strandline Resources Announces Commercial Production of HMC Achieved at Coburn Project Strandline Resources Limited advised that it has achieved commercial production of Heavy Mineral Concentrate (HMC) product at its Coburn mineral sands project in WA. Ore commissioning of the in-pit mining units, WCP and associated circuits is well underway, with saleable HMC product being produced and stockpile inventories growing. As part of the commissioning process, tuning of WCP sequences, equipment settings and instrument control loops is continuing, as is managing plant punch list items and defects as they arise. Haulage of HMC product to storage facilities at the Port of Geraldton is expected to commence next week.Preparations are underway to co-ordinate the first shipment of HMC next month. The Company is now focused on increasing production throughput towards design rates, improving plant availability and optimising product recoveries and specification. While ramp up of the WCP continues, construction teams remain focused on finalising the downstream Mineral Separation Plant (MSP) and remaining support infrastructure. Strandline expects to sell several shipments of Heavy Mineral Concentrate produced from the WCP while construction of the MSP is being completed. With Coburn construction nearing completion and operations ramping up, the Company continues to focus on managing the various risk factors associated with development of the project. This includes HSE risks, inclement weather, contractor performance, commissioning ramp-up and contractual claims and disputes. Tillkännagivande • Oct 13
Strandline Resources Limited Announces Commissioning of the Wet Concentrator Almost Complete in Preparation for Production Strandline Resources Limited advised the initial stages of commissioning of the Wet Concentration Plant (WCP) at its Coburn mineral sands project in WA is almost complete, paving the way for first production. Final construction verification, water commissioning and sequence testing is now underway. Successful completion of this phase of commissioning will be followed by the introduction of the first ore and ramp up. Pre-production mining of the open pits (pre-stripping) is also finished, and all dozer mining units and key equipment fleet are ready for ore mining. While commissioning of the WCP continues, construction teams have transitioned to finalise the downstream Mineral Separation Plant (MSP) and remaining support infrastructure, with overall project construction now 95% complete. Final drawdown of Coburn's senior finance facilities has also been successfully completed in accordance with the development plan. Strandline expects to sell several shipments of Heavy Mineral Concentrate produced from the WCP while construction of the MSP is being completed. Once the MSP is ready, HMC will then be transported to the MSP for further processing to produce Coburn's premium-quality final products, including chloride ilmenite, rutile, premium zircon and zircon concentrate. With Coburn construction reaching peak activity and personnel numbers on site, the Company continues to focus on managing the various risk factors associated with development of the project. This includes HSE risks, potential impacts of COVID-19, inclement weather, contractor performance, commissioning and contractual claims and disputes. The capital expenditure (Capex) forecast to complete the project, including an assessment of contractual claims received to date, is regularly evaluated by the Company's technical, financial and legal experts. The project forecast remains in line with the overall Capex budget. Tillkännagivande • Oct 05
Strandline Resources Limited, Annual General Meeting, Nov 24, 2022 Strandline Resources Limited, Annual General Meeting, Nov 24, 2022, at 11:00 W. Australia Standard Time. Location: BDO Office, Level 9, Mia Yellagonga Tower 2, 5 Spring Street Perth Western Australia Australia Tillkännagivande • Sep 01
Strandline Resources Limited Announces That It Is Preparing to Deliver First Ore to the Wet Concentration Plant (Wcp) At Its 100%-Owned Coburn Mineral Sands Project in Western Australia Strandline Resources Limited announced that it is preparing to deliver first ore to the Wet Concentration Plant (WCP) at its 100%-owned Coburn mineral sands project in Western Australia. This follows substantial completion of pre-production mining of the open pits (pre-stripping), with dozer mining units being moved into position, and rapid progress in commissioning of the WCP systems. Overall project construction is now more than 90% complete. Final construction verification and staged commissioning of the WCP and associated services (including power, water, communications) is advancing well and currently running several weeks ahead of schedule. The enhanced detailed mine schedule, incorporating the latest infill `grade control' drilling and mine optimisation work, has mining starting from surface in the initial open pits. As previously reported, mining more ore closer to surface over the first two years of the mine plan reduces the average strip ratio from 0.7 to 0.5 (less waste), which potentially improves mining efficiencies compared to assumptions contained within the DFS (June 2020). Further, the pre-production mining activities completed over the last few months has confirmed the favourable unconsolidated, free flowing nature of the Coburn deposit, and extremely low slimes content. While commissioning of the WCP continues to gain momentum, construction teams are shifting focus to finalising the downstream processing plant (the MSP) and remaining support infrastructure. Once the MSP is ready, HMC will then be transported to the MSP for further processing to produce Coburn's premium-quality final products, including chloride ilmenite, rutile, premium zircon and zircon concentrate. With Coburn construction reaching peak activity and personnel numbers on site, the Company continues to focus on managing the various risk factors associated with development of the project. This includes HSE risks, potential impacts of COVID-19, inclement weather, contractor performance, commissioning and contractual claims and disputes. The capital expenditure (Capex) forecast to complete the project, including an assessment of contractual claims received to date, is regularly evaluated by the Company's technical, financial and legal experts. The project forecast remains in line with the overall Capex budget.