Ready to Launch !!!

Sone highlights of the last Quarter .STA ready to Launch !!! Great News Flow Pending !!!
Strandline makes strong progress on mineral sands exploration and development

Binding offtake agreements secured – Outstanding exploration results – Project funding advancing
HIGHLIGHTS:
EXPLORATION AND DEVELOPMENT
During the quarter the outlook for the mineral sands market continued to strengthen and Strandline succeeded in adding value across its entire project portfolio. The portfolio presents varying production profiles, offering near-term cashflow potential across multiple jurisdictions and a growing resource base with significant exploration upside:
Fungoni Project – DFS finds Fungoni will deliver outstanding financial returns and is ready for development

• Positive Fungoni DFS showing a nominal 12-month duration to production following Decision to Mine
• Low development capital cost of US$30 million, outstanding Internal Rate of Return,  first quartile revenue-to-operating cost ratio of 2.7 and short payback period of less than 2 years from start of production
• Environmental Certificate granted and Mining Licence Application submitted
• Binding offtake Agreement signed subsequent to the quarter for 100% of the zircon product based on “take-or-pay”; chloride ilmenite and rutile offtake agreements are well advanced
• Fungoni paves the way for multiple project development options across Strandline’s strategic portfolio of mineral sands assets

Coburn Project in Western Australia – ideally positioned to capitalise on the strengthening HMS market

• Funding and development strategy initiated, aimed at bringing the large-scale, zircon-rich Coburn mineral sands project (Coburn) into production
• Coburn is fully approved, development-ready and defined by a large Resource estimate of 979Mt @ 1.26% HM with a high value HM assemblage of 23% zircon, 48% ilmenite, 7% rutile and 5% leucoxene
• An internal review of the previous Coburn definitive-level study produced in 2013 and the subsequent Cost Review Update (Review) undertaken in 2015 has confirmed the findings of the Review showing a minimum target Project NPV of A$306 million and significant value-enhancement opportunities

Northern Tanzania Projects - new discoveries and growing resources demonstrate large-scale potential

• Outstanding high-grade Total Heavy Mineral (THM) assays from the 100%-owned Tajiri mineral sands deposits near the port city of Tanga -  resource estimate update now underway
• Significant results establish Bagamoyo as a new mineral sands target which will now form part of Strandline’s pipeline of growth projects

Southern Tanzania Projects - exploration underway in JV with Rio Tinto

• Reconnaissance air core (AC) drilling programme underway at Strandline’s southern Tanzanian tenement portfolio, including Mtwara, Sudi, Kiswere and Miteja project areas
• The JV with Rio Tinto is separate from Strandline’s other HMS assets in Tanzania, including the advanced Fungoni Project and the Bagamoyo and Tanga projects, which remain 100% owned by the Company

CORPORATE

• Cash reserves of $3.74 million and no debt at 31 December 2017
• Appointment of experienced mining executive, Peter Watson
• Completion of consolidation to Company’s capital structure; now 270 million shares on issue

Strandline Managing Director Luke Graham said: “It was a very pleasing quarter for Strandline on all levels.  The Company completed the Fungoni DFS, which confirmed that Fungoni is a robust project which will generate strong financial returns for shareholders and deliver significant social and economic benefits for the people of Tanzania. The Company generated impressive results from resource drilling at Tanga South Tajiri and made exciting discoveries at Bagamoyo. At the same time, aircore reconnaissance drilling ramped-up in southern Tanzania at our joint venture with Rio Tinto. This was then capped off by securing a binding offtake agreement for Fungoni at the start of this quarter.”