BULKS

All going great at Coburn build according to Strandline

DEVELOPMENT of the Coburn mineral sands project in Western Australia is reportedly going well, with owner Strandline Resources saying it remains on-budget and on-track for production and has the potential to enjoy reduced mining costs.

 All going great at Coburn build according to Strandline

"Infill ‘production control' drilling and detailed mine plan optimisation has resulted in a lower strip ratio (less waste) for the first two years of production, potentially reducing mining costs," the company said.

Mining of the open pits is set to start next month, which Strandline says is two months ahead of schedule.

Coburn has been projected to have average annual earnings of A$104 million and a plus-50% EBITDA margin.

The project is fully funded to production.

Shares in Strandline were down 1.5% to 32.5c in morning trade, capitalising the company at $403 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.