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http://m.miningweekly.com/article/strandline-gets-its-licence-in-tanzania-2018-08-31

Strandline gets its licence in Tanzania
31st August 2018 BY: ESMARIE SWANEPOEL
CREAMER MEDIA SENIOR DEPUTY EDITOR: AUSTRALASIA
PERTH (miningweekly.com) – ASX-listed Strandline Resources has been awarded a mining licence for its Fungoni heavy mineral sands project, in Tanzania.

MD Luke Graham said on Friday that securing the mining licence was a crucial step in the company’s strategy to build a significant, low-cost mineral sands business.

“Strandline is now a huge step closer to making the transition from explorer to developer and ultimately producer of mineral sands products for decades to come.”

The $30-million, two-million-tonne-a-year Fungoni project is expected to produce 302 300 t of saleable mineral sands product and could be delivered over the six-year mine life, generating life-of-mine revenues of $168.1-million.

The project’s net present value has been estimated at $42.9-million, and the internal rate of return at 56.2%, while life-of-mine all-in sustaining costs have been estimated at $71.2-million.

Strandline said on Friday that with the award of the mining licence, the company is now progressing funding and preparing for project implementation