viewStrandline Resources Ltd

Strandline Resources' drill results point to an increase in mineral sands resources

Encouraging drill results have further highlighted the economic potential of the Tajiri project.

Tanzanian flag
The Tajiri project has a 147 million tonne indicated resource at 3.1% THM

Strandline Resources Ltd’s (ASX:STA) drilling results have potential to provide a large increase in resources at the Tajiri Mineral Sands Project in Tanzania.

The results have extended the known corridor of mineralisation at the wholly-owned project.

Tajiri hosts a 147 million tonne indicated resource at 3.1% total heavy minerals (THM) for 339,000 tonnes of rutile, 201,000 tonnes of zircon, 3.13 million tonnes of ilmenite and 322,000 tonnes of almandine garnet.

New thick zones of mineral sands

Best results were 60 metres at 5% THM, including 37.5 metres at 6%, and 60 metres at 4.7% THM, including 34.5 metres at 5.8%.

Other results were 52.5 metres at 3% THM, including 33 metres at 3.5% from 19.5 metres, and 60 metres at 3.5% THM, including 40.5 metres at 4.7% from 19.5 metres.

All results were from the surface, except where mentioned.

Corridor of mineralisation extended

Strandline managing director Luke Graham said the assay results were exceptional because they extended the corridor of mineralisation significantly, based on thick, high-grade intersections along a 7.5-kilometre strike.

“The existing Tajiri resources already hosts a large-scale mineral resource with a strong grade and valuable mineral assemblage which is more than adequate to underpin the current project scoping study.

“Further increases in this resource will only strengthen the economic outlook for Tajiri.”

Revised exploration target

Strandline has also revised its exploration target for the Tajiri mineralised corridor and is planning a further resource drilling campaign.

The exploration target is now 73 to 133 million tonnes at 2.8% to 4.4% THM and this is in addition to the current indicated resources.

Tajiri is Strandline’s second major mineral sands project in Tanzania behind the development-ready Fungoni project, where a definitive feasibility study has been completed and offtake agreements are in place.

Quick facts: Strandline Resources Ltd

Price: 0.11 AUD

Market: ASX
Market Cap: $40.94 m

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