Strandline Resources (ASX:$STA) Coburn Project Operations Update and Management Changes

Strandline Resources Limited (ASX:STA) has announced significant changes to its executive and management team and provided an update on the Coburn Mineral Sands Project. The company reported completion of a 15,000 tonne 'ZIC' shipment and a 5,900 tonne Chloride Ilmenite shipment in October 2023, with a contracted 12,000 tonne Heavy Mineral Concentrate ('HMC') shipment for December 2023. However, the October production of HMC was reduced due to Dozer Mining Unit (DMU) availability and tailings constraints. The company has also obtained key State Government approvals to increase the capacity of tailings storage, but the Mineral Separation Plant (MSP) commissioning has been impacted by limited HMC production. Additionally, an operational and funding requirements review is ongoing.

Executive and Management Changes at Strandline Resources (ASX:STA)

Belinda Murray has been appointed as Chief Operating Officer, bringing over 20 years of experience in the resources industry. Ian Hind has been appointed as the new General Manager Marketing and Logistics, leveraging his extensive mineral sands marketing and logistic experience. John Francisco has been appointed as the new General Manager of Coburn Operations, bringing a wealth of experience from various mining operations. Michael Ingram has been appointed as Technical Manager, contributing 30 years of experience in technical management roles within the mineral sands and industrial minerals industries. The company has also engaged additional technical and operational support to assist with the ramp up and commissioning of Coburn.

Summary of Coburn Project Operations Update and Management Changes

Strandline Resources (ASX:STA) has made significant executive and management changes, including the appointment of key personnel with extensive experience in the resources industry. The company reported completion of shipments and contracted future shipments, but faced challenges in HMC production in October due to operational issues. However, November production of HMC has shown improvement. The company has obtained key State Government approvals to increase tailings storage capacity and is addressing operational challenges related to DMU availability and tailings constraints. Additionally, the company is reviewing its operational and funding requirements. The announcement reflects the company's efforts to address operational challenges and optimize production at the Coburn Mineral Sands Project.