EXPLORATION & DEVELOPMENT

More strands to Fungoni

MINERAL sands junior Strandline Resources claims to be looking at very attractive funding possibilities for its Fungoni project in Tanzania, with a mining study underway and the resource now increased to 22 million tonnes.

Michael Quinn
More strands to Fungoni

At a briefing late last week, Strandline’s managing director Luke Graham told buy and sell-side analysts that about US$20 million would likely be required to develop Fungoni, with potentially more than...

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