Ann: Binding Offtake Agreement Signed for Fungoni Project, page-5

What a fantastic announcement and I would suggest more positive information to flow over the next 1-2 months as per previous announcements from the Company . The valuations are at 26c , I feel this is on the low side .Stay tuned !!!
Strandline Resources (ASX: STA)
Binding offtake agreement signed for 100% of Fungoni project’s Zircon product

“Take-or-pay” agreement with China’s largest mineral sands processor paves the way for Strandline to move towards production
HIGHLIGHTS:

• China’s Hainan Wensheng High-Tech Materials Company to purchase 100% of the zircon and monazite product produced from Strandline’s Fungoni mineral sands project for the Life of Mine
• The zircon-monazite sales are expected to generate over 62% of forecast revenue from Fungoni
• Sale prices for Fungoni’s zircon-monazite product are expected to exceed the pricing assumptions contained in the DFS, further enhancing project fundamentals:
  • Zircon pricing will be based on prevailing $US market price for premium-grade zircon, recognising the highly desirable specification of Fungoni’s zircon product
  • Monazite pricing will be based on a premium to today’s market price and fixed for the Life of Mine
• Favourable per-shipment payment arrangements via letter of credit will ensure regular and timely cashflow to Strandline
• Conditions precedent include positive final investment decision for Fungoni
• “Importantly, this Agreement paves the way for Strandline to finalise project funding, ensuring the company remains on track to unlock the significant value of what is the first in its pipeline of mineral sands assets.” – Strandline MD Luke Graham