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Strandline Resources Ltd.
Summary
| Project: | Tanga South | |
|---|---|---|
| Deposit: | Tajiri | |
| Location: | Tanzania | |
| Commodities: | Rutile-Zircon-Ilmenite-Leucoxene | |
| Date: | 7/9/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-7-2019: Strandline Resources Ltd. announces a Resource Estimation report for its Tajiri deposit at the Tanga South project. Tajiri resource increases by 80%. Strandline Resources (ASX: STA) is pleased to announce that the JORC-compliant Mineral Resource | |
| Resources: | (Resource, Total): 268Mt @ 3.3% THM at Tajiri | |
| CP/QP: | [Resources]: Greg Jones (IHC Robbins) | |
| ABSTRACT: | Strandline Resources (ASX: STA) is pleased to announce that the JORC-compliant Mineral Resource at its 100%- owned Tajiri mineral sands project in Tanzania has increased by 80 per cent. The new Resource of 268Mt at 3.3% THM (from 147Mt @ 3.1%THM), with contained HM of 8.8Mt (up from 4.6Mt, see ASX announcement dated 18 February 2019 and 28 March 2019), confirms Tajiri as a world-scale deposit which will underpin Strandline’s strong production outlook in Tanzania for many years. The outstanding result also means that Tajiri now has the geological critical mass, robustness and market appeal to advance project feasibility, development approvals/permitting and partnering activities. The northern tip of the Tajiri Mineral Resource is situated just 35km south of the established Tanga port facilities - refer Figures 2 and 3. The Tajiri resources have been defined through a series of air core drilling campaigns. All resources start from surface, with no overburden and contain large coherent higher-grade domains comprising mostly high-value titanium-dominated mineral assemblage, with elevated zones of zircon and almandine garnet. Furthermore, several resources remain open along or across strike providing significant opportunities to grow resources further over time. Strandline Managing Director Luke Graham said the Tajiri resource upgrade significantly enhances the strategic value of Strandline’s mineral sands portfolio and further strengthens the economic outlook for the project. “Tajiri comprises a world-scale series of coherent high-grade titanium-dominated deposits which all start from surface and are situated favourably to the existing infrastructure at Tanga.” “This last phase of drilling has also confirmed large upside to resources with several deposits remaining open, as well as Strandline recently acquiring new prospective tenure along strike to the south of Tajiri.” “Tajiri’s valuable mineral mix and scalability provides Strandline with a range of development pathways and options for project feasibility, which are now under strategic review.” “Overall the Company is ideally placed to capitalise on the growing demand for new mineral sands supplies, with debt funding now secured for the Fungoni project, Tajiri confirmed as a world-scale deposit, and Coburn established as a technically and economically robust Australian project.” | |
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