Primero focus, page-71

Sticking to the non-brow-involving knitting ….

News this afternoon ..

https://thewest.com.au/business/min...eral-sands-project-in-gayscone-ng-b882024959z
Strandline secures $150m NAIF loan for Coburn mineral sands project in Gascoyne
Caitlin ParoczaiThe West Australian
Fri, 1 October 2021 1:10PM


The Coburn project, which is expected to have a mine life of 22.5 years, will deliver a $4.37b revenue. Credit: Supplied

Strandline Resources will proceed with full development of its Coburn mineral sands project in the Gascoyne after securing financial closure of a $150 million loan from the Northern Australia Infrastructure Facility.

The loan is expected to help create 300 jobs during construction and 150 ongoing jobs after completion.

Strandline said Coburn, which is targeting first production in the December quarter of next year, would capitalise on a strengthening price outlook for mineral sands and the growing demand for critical minerals.

Mineral sands are used in ceramic tiles, pharmaceuticals, electronics, paint, plastics, titanium metal and the use of welding rods.


Earthworks at the site south of Denham are already under way and the company will now proceed to drawdown of the NAIF funding and $US60m of bond facilities.

Managing director Luke Graham said reaching financial close was confirmation of the technical and financial strength of the project and strong construction progress achieved to date.

Coburn, which is expected to have a mine life of 22.5 years, is expected to deliver total revenue of $4.37 billion.

Strandline said mining could extend to 2060 by converting mineral resources which exist immediately north and along strike of existing ore reserves.

Northern Australia Minister David Littleproud said Strandline was expected to build one of the most capital efficient and biggest mineral sands projects in the world.
“The $150m in support from NAIF will help fund key mining infrastructure and unlock hundreds of millions of dollars in economic benefit in the region,” Mr Littleproud said.

Strandline’s share price remained steady following the announcement at 20¢.


News of 12 months ago….

https://www.australianmining.com.au/news/primero-secures-strandline-contract-at-coburn/

Primero secures Strandline contract for Coburn development​

September 29, 2020News Vanessa Zhou​

Conceptual image of the Coburn process infrastructure. Image: Strandline Resources​

Strandline Resources has appointed Primero Group as its preferred contractor to build processing facilities at the Coburn mineral sands project in Western Australia.​

The contract covers the engineering, procurement, construction, commissioning and performance testing of the Coburn relocatable wet concentration plant, mineral separation plant and associated processing circuits.​

​

Primero will work with Downer Group subsidiary, Mineral Technologies in delivering the turn-key solution.​

Strandline managing director Luke Graham said Primero’s appointment had marked another key step in its strategy to bring Coburn into production.​

The wet processing plant is designed to beneficiate ilmenite, leucoxene, rutile, zircon and monazite and reject the non-valuable minerals through gravity separation and classification.​

The rich heavy mineral concentrate produced from the plant will then be transported to the mineral separation plant and stockpiled.​

Primero has started front end engineering design activities in preparation for the construction.​

The agreement follows Strandline’s $18.5 million raising to advance early works development activities at Coburn.​

It is the latest among Strandline’s recent contract spree at the Coburn project, including a mining services contract and a contract to design and construct mobile dozer mining units awarded to Macmahon and Piacentini & Son, respectively.​

​