Strandline placement to accelerate Coburn

STRANDLINE Resources has locked in commitments for an A$18.5 million placement, primarily to accelerate the development of its $260 million Coburn mineral sands project in Western Australia.

Strandline placement to accelerate Coburn Strandline placement to accelerate Coburn Strandline placement to accelerate Coburn Strandline placement to accelerate Coburn Strandline placement to accelerate Coburn

Coburn is targeting a 2020 FID

Managing director Luke Graham said the placement, priced at 21.5c, was oversubscribed and supported by both existing and new institutional and sophisticated investors.

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