Strandline locks in NIAF funding

THE Australian taxpayer could loan Strandline Resources up to A$150 million via the Northern Australia Infrastructure Facility for the development of the Coburn mineral sands project, north of Geraldton in Western Australia, covering a big chunk of the company’s $260 million capital requirements.

Strandline locks in NIAF funding Strandline locks in NIAF funding Strandline locks in NIAF funding Strandline locks in NIAF funding Strandline locks in NIAF funding

NAIF will provide around half of Coburn's financing.

The Strandline facility will be offered in two tranches over 15 years, starting with an initial $130 million towards the construction of Coburn's core infrastructure, and a second $20 million tranche