Quarterly Activities Report - 31 December 2014
Perth, Feb 2, 2015 AEST (ABN Newswire) - Strandline Resources Limited (
ASX:STA) announce the Quarterly Activities Report for the period ending 31 December 2014 with significant highlights
Heavy Mineral Sands Exploration, Tanzania
- Auger drilling completed at high priority prospects with strong visual indications from pan samples - results pending
- Acquisition of key Ziwani tenement consolidates +12km prospective strike at southern projects
Coburn Heavy Mineral Sands (WA) - Review underway
Mount Gunson Copper Production Project (SA) - Feasibility studies continue to significantly de-risk project with gamechanging improvements in metal recoveries indicating:
Copper recoveries of up to 90% are achievable
High value cobalt recoveries of + 80% are achievable
Fowlers Bay Gold-Base Metal Project (SA) - Extremely encouraging magnetic survey kicks of JV with Western Areas with major drilling campaign to test key targets in mid 2015
Corporate
- Completion of Strandline acquisition, capital raising and name change
To view the quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-STA-708578.pdf
About Strandline Resources Limited
Strandline Resources is an Australian Stock Exchange listed company (ASX:STA) (OTCMKTS:STQNF) is a Tanzanian-focused mineral sands developer positioned within the world’s major zircon and titanium producing corridor in South East Africa. Strandline has a dominant mineral sands position with a series of 100% owned projects spread along 350km of the Tanzanian coastline.
Strandline’s strategy is to develop and operate quality, low cost, expandable mining assets with market differentiation. Leveraging off the exploration success of 2016, the Company’s focus is to continue its aggressive exploration and development strategy to progress economically attractive projects based on high unit value titanium and zircon products.
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