Decent looking candle today in closing +8.11% (crossing 20dma) so hopefully some bullish sentiment/momentum kicks in from here.
STA - Strandline Resources
- Thread starter arco
- Start date
STA Quarterly report 30/10/20:
Coburn WA mineral sands project progressing
rapidly towards development
Strandline on track to finalise funding after securing NAIF loan, major construction
contracts and binding offtake agreements
• Contract awarded to leading civil and mining contractor Macmahon to construct road access and bulk earthworks
• Contract awarded to mining and equipment specialist Piacentini & Son to supply in-pit dozer mining units
• Appointment of Primero Grooup, operating in strategic partnership with Mineral Technologies, as preferred contractor to build the processing facilities
• Following the recent investment decision by the Northern Australia Infrastructure Facility (NAIF) to
provide a A$150M loan facility for the development of Coburn, substantial progress has been made
towards completion of facility documentation and conditions precedent to financial close
• Subsequent to end of the Quarter, Strandline progressed negotiations to secure the commercial debt
tranche to stand alongside the NAIF funding. The commercial debt is expected to be up to A$100M
• In the Dec Quarter, Strandline aims to advance project financing and early works development activities, including the commercial debt tranche and associated finance documentation, award major
implementation contracts and review strategic partner options
Fungoni Mineral Sands Project, Tanzania
• Strandline and Nedbank CIB signed a US$26M project finance facility agreement, accounting for most of Fungoni’s US$35M capital requirement (excl. financing costs) once financial close is achieved
• A comprehensive Framework Agreement is under development with the Government of Tanzania to implement the Government’s equity interest in the Fungoni mine; This is now in final draft form Mineral Sands Exploration Growth Projects, Tanzania
• Completion of Tajiri mineral sands project Scoping Study, based on the JORC Resources of 268Mt @ 3.3% Total Heavy Mineral, underpinning Strandline’s long-term production outlook in Tanzania
• Study shows Tajiri will deliver strong financial returns over a 23-year life, with EBITDA of US$0.9 Billion Corporate
• Cash on hand of A$20.2M and no debt as at 30 September 2020
• Completion of $18.5M capital raising which was supported by institutional and sophisticated investors
Four major sales contracts have been signed covering ~72% of Coburn’s forecast revenue for the first five years of production. The agreements cover 100% of ilmenite, 100% of zircon concentrate and the substantial portion of the premium finished zircon product.
KEY ACTIVITIES PLANNED FOR DECEMBER 2020 QUARTER
• Coburn WA Project: continue to advance project financing and early works development activities, including commercial debt tranche to stand alongside the A$150m NAIF loan facility, award remaining key implementation contracts and review strategic partner options;
• Fungoni Project: work towards finalisation of conditions precedent to achieve Financial Close associated with the Nedbank Project Finance Facility Agreement, with a focus on completing the Framework Agreement with the Tanzania Government for its 16% Free Carried Interest in the project; and
• Tajiri Project: continue stakeholder engagement, project permitting activities, review strategic partnership options and evaluate external funding options to assist in the implementation of the project
Please DYOR as always.. Cheers tela
Coburn WA mineral sands project progressing
rapidly towards development
Strandline on track to finalise funding after securing NAIF loan, major construction
contracts and binding offtake agreements
• Contract awarded to leading civil and mining contractor Macmahon to construct road access and bulk earthworks
• Contract awarded to mining and equipment specialist Piacentini & Son to supply in-pit dozer mining units
• Appointment of Primero Grooup, operating in strategic partnership with Mineral Technologies, as preferred contractor to build the processing facilities
• Following the recent investment decision by the Northern Australia Infrastructure Facility (NAIF) to
provide a A$150M loan facility for the development of Coburn, substantial progress has been made
towards completion of facility documentation and conditions precedent to financial close
• Subsequent to end of the Quarter, Strandline progressed negotiations to secure the commercial debt
tranche to stand alongside the NAIF funding. The commercial debt is expected to be up to A$100M
• In the Dec Quarter, Strandline aims to advance project financing and early works development activities, including the commercial debt tranche and associated finance documentation, award major
implementation contracts and review strategic partner options
Fungoni Mineral Sands Project, Tanzania
• Strandline and Nedbank CIB signed a US$26M project finance facility agreement, accounting for most of Fungoni’s US$35M capital requirement (excl. financing costs) once financial close is achieved
• A comprehensive Framework Agreement is under development with the Government of Tanzania to implement the Government’s equity interest in the Fungoni mine; This is now in final draft form Mineral Sands Exploration Growth Projects, Tanzania
• Completion of Tajiri mineral sands project Scoping Study, based on the JORC Resources of 268Mt @ 3.3% Total Heavy Mineral, underpinning Strandline’s long-term production outlook in Tanzania
• Study shows Tajiri will deliver strong financial returns over a 23-year life, with EBITDA of US$0.9 Billion Corporate
• Cash on hand of A$20.2M and no debt as at 30 September 2020
• Completion of $18.5M capital raising which was supported by institutional and sophisticated investors
Four major sales contracts have been signed covering ~72% of Coburn’s forecast revenue for the first five years of production. The agreements cover 100% of ilmenite, 100% of zircon concentrate and the substantial portion of the premium finished zircon product.
KEY ACTIVITIES PLANNED FOR DECEMBER 2020 QUARTER
• Coburn WA Project: continue to advance project financing and early works development activities, including commercial debt tranche to stand alongside the A$150m NAIF loan facility, award remaining key implementation contracts and review strategic partner options;
• Fungoni Project: work towards finalisation of conditions precedent to achieve Financial Close associated with the Nedbank Project Finance Facility Agreement, with a focus on completing the Framework Agreement with the Tanzania Government for its 16% Free Carried Interest in the project; and
• Tajiri Project: continue stakeholder engagement, project permitting activities, review strategic partnership options and evaluate external funding options to assist in the implementation of the project
Please DYOR as always.. Cheers tela
02/11/20 Investor presentation released this morning.. highlights specific details of each project & respective time frames etc. Impressive presentation indeed that should see further interest come into this stock
*Decent, solid quarterly reported last friday morning as well
Cheers tela
*Decent, solid quarterly reported last friday morning as well
Cheers tela
Further to yesterday's impressive "Investor Presentation" released..
STA are presenting at upcoming Noosa Mining Conference @ 11:45am Friday, 13th November 2020
www.noosaminingconference.com.au
STA are presenting at upcoming Noosa Mining Conference @ 11:45am Friday, 13th November 2020
Program | Noosa Mining
www.noosaminingconference.com.au
STA ticks off another big checklist this morning 
• Strandline appoints Contract Power as preferred contractor to build, own & operate a 32MW hybrid gas and renewable energy solution for the Coburn mineral sands project in WA
• The proposed power solution enables Strandline to capture energy supply cost savings relative to the Definitive Feasibility Study (DFS) published in June 2020
• Innovative low-cost, low-emission solution integrating gas-fuelled power generation with solar renewable energy & battery storage technology
• The parties have now commenced preparation of final contract documentation to the satisfaction of Strandline & Coburn’s lender group
• The scope represents a major development package & is one of Strandline’s conditions precedent to finalise project funding
Strandline continues to make strong progress towards definitive finance documentation and conditions precedent for the NAIF A$150 million loan facility1 and is advancing discussions to secure a commercial debt tranche expected to stand alongside the NAIF funding (anticipated by Dec '20).
• Strandline appoints Contract Power as preferred contractor to build, own & operate a 32MW hybrid gas and renewable energy solution for the Coburn mineral sands project in WA
• The proposed power solution enables Strandline to capture energy supply cost savings relative to the Definitive Feasibility Study (DFS) published in June 2020
• Innovative low-cost, low-emission solution integrating gas-fuelled power generation with solar renewable energy & battery storage technology
• The parties have now commenced preparation of final contract documentation to the satisfaction of Strandline & Coburn’s lender group
• The scope represents a major development package & is one of Strandline’s conditions precedent to finalise project funding
Strandline continues to make strong progress towards definitive finance documentation and conditions precedent for the NAIF A$150 million loan facility1 and is advancing discussions to secure a commercial debt tranche expected to stand alongside the NAIF funding (anticipated by Dec '20).
yet another great STA announcement (keep 'em coming)
• Strandline appoints Woodside-EDL joint venture (WEJV) as preferred contractor to supply trucked LNG for power generation to the Coburn mineral sands project in WA
• The proposed LNG supply contract enables Strandline to source power at less than forecast in the Definitive Feasibility Study published in June 2020
• Coburn’s power solution is based on a low-cost, low-emission solution integrating gas-fuelled power generation with renewable energy and battery technology (provided by third parties)
• Strandline has commenced preparing final contract documentation subject to the satisfaction of Coburn’s lender group and agreement between the parties
• The appointment of the WEJV means Strandline has progressed another condition precedent to finalising project funding
Strandline Managing Director Luke Graham said the appointment establishes an important long-term relationship with two industry leaders in the energy sector, in Woodside and EDL.
“The Company continues to move rapidly towards development of Coburn and these key contract appointments to well-credentialed suppliers provide delivery certainty.”
• Strandline appoints Woodside-EDL joint venture (WEJV) as preferred contractor to supply trucked LNG for power generation to the Coburn mineral sands project in WA
• The proposed LNG supply contract enables Strandline to source power at less than forecast in the Definitive Feasibility Study published in June 2020
• Coburn’s power solution is based on a low-cost, low-emission solution integrating gas-fuelled power generation with renewable energy and battery technology (provided by third parties)
• Strandline has commenced preparing final contract documentation subject to the satisfaction of Coburn’s lender group and agreement between the parties
• The appointment of the WEJV means Strandline has progressed another condition precedent to finalising project funding
Strandline Managing Director Luke Graham said the appointment establishes an important long-term relationship with two industry leaders in the energy sector, in Woodside and EDL.
“The Company continues to move rapidly towards development of Coburn and these key contract appointments to well-credentialed suppliers provide delivery certainty.”
Coburn's purpose-designed power infrastructure is based on low-cost, low-emission solution integrating natural gas fuelled generation with state-of-the-art solar and battery storage technology.
The proposed power solution enables Strandline to capture energy supply cost savings relative to the June 2020 definitive feasibility study.
The power station is designed suitable for a maximum demand capacity of 16 megawatts and average consumed power of about 10MW.
A joint venture between Woodside Energy (and EDL LNG Fuel to Power has been appointed as preferred contractor to supply LNG to the power station via road train from Woodside's Pluto LNG facility near Karratha.
The proposed LNG supply contract is over a 10-year term (with appropriate pricing review and adjustment mechanisms) and also enables Strandline to capture energy supply cost savings relative to the DFS.
"The company continues to move rapidly towards development of Coburn and these key contract appointments to well-credentialed suppliers provide delivery certainty," Strandline managing director Luke Graham said.
Strandline will now work on finalising documentation with the suppliers.
The company recently raised A$18.5M @ 0.215c to advance early works at Coburn.
The Northern Australia Infrastructure Facility is progressing due diligence for a $150 million loan.
Coburn has capital costs of $260 million and a payback period of just 2.1 years.
The project has a pre-tax net present value of $705 million (at an 8% discount rate), and an internal rate of return of 37%.
EBITDA over the initial 22.5-year mine life is expected to be $2.3 Billion, or $104M per year.
https://www.miningnews.net/stocks-market-insight/news/1398607/strandline-expects-savings-after-dishi...
The proposed power solution enables Strandline to capture energy supply cost savings relative to the June 2020 definitive feasibility study.
The power station is designed suitable for a maximum demand capacity of 16 megawatts and average consumed power of about 10MW.
A joint venture between Woodside Energy (and EDL LNG Fuel to Power has been appointed as preferred contractor to supply LNG to the power station via road train from Woodside's Pluto LNG facility near Karratha.
The proposed LNG supply contract is over a 10-year term (with appropriate pricing review and adjustment mechanisms) and also enables Strandline to capture energy supply cost savings relative to the DFS.
"The company continues to move rapidly towards development of Coburn and these key contract appointments to well-credentialed suppliers provide delivery certainty," Strandline managing director Luke Graham said.
Strandline will now work on finalising documentation with the suppliers.
The company recently raised A$18.5M @ 0.215c to advance early works at Coburn.
The Northern Australia Infrastructure Facility is progressing due diligence for a $150 million loan.
Coburn has capital costs of $260 million and a payback period of just 2.1 years.
The project has a pre-tax net present value of $705 million (at an 8% discount rate), and an internal rate of return of 37%.
EBITDA over the initial 22.5-year mine life is expected to be $2.3 Billion, or $104M per year.
https://www.miningnews.net/stocks-market-insight/news/1398607/strandline-expects-savings-after-dishi...
Well someone just line wiped 550K @ 0.195c in one hit as STA now @ 0.202c +6.32%
market depth looks bullish
60 buyers for 2,804,899 units vs 28 sellers for 1,322,599 units
Bit of interest/volume coming into STA now @ 0.205c +5.13% (crossed above 20dma & 50dma respectively as we speak).. 'big project funding' news perhaps just around the corner as anticipated in Dec '20 (finger's crossed)
market depth looks healthy enough
69 buyers for 3,256,662 units vs 39 sellers for 1,710,022 units
DYOR .. Cheers tela
market depth looks healthy enough
69 buyers for 3,256,662 units vs 39 sellers for 1,710,022 units
DYOR .. Cheers tela
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@Telamelo - after excellent commentaries why you stopped in NovFinally STA 'stalemate' broken as sp @ .205c +7.89% & a 500K bid just stepped up @ 0.20c as we speak
STA is going good with a gong IMO (in my opinion). Zero DEBT. Compared to SFX was stopped due to fund until wake up recently. So will be STA soon.
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