Strandline Resources Limited update

Strandline Resources Limited (ASX: $STA) has announced the appointment of Mr. Robert lerace as Chief Financial Officer and Mr. Robert Stevenson as General Manager, Operations. The company also reported a record monthly Heavy Mineral Concentrate (HMC) production of 15,510 dry tonnes in March 2024, marking a 37% increase from February 2024.

Executive Commentary

Strandline Managing Director Jozsef Patarica expressed his gratitude to the personnel and contractors for achieving the record production level safely. He highlighted the strategic approach taken to manage tailings storage and reduce unplanned downtime, emphasizing this milestone as a successful step towards full ramp-up to name plate production levels.

Summary of Announcement

Strandline Resources Limited has made significant personnel appointments, with Mr. Robert lerace joining as Chief Financial Officer and Mr. Robert Stevenson as General Manager, Operations. The company achieved a record monthly Heavy Mineral Concentrate (HMC) production of 15,510 dry tonnes in March 2024. The Coburn Mineral Sands Project's operational details for the March 2024 Quarter will be provided in the Company's March 2024 Quarterly Activities Report. The company's ongoing review of operational and financial requirements, including discussions with lenders, has led to the suspension of its shares. Strandline's strategy is to develop and operate high margin, expandable mining assets with global relevance, and its project portfolio includes the world-scale Coburn Project in WA and the Tanzanian growth projects including Fungoni and Tajiri. The announcement also included forward-looking statements cautioning readers about the uncertainties and risks involved in the company's predictions and expectations.