Strandline finds buyer for Fungoni ilmenite

ASX-listed Strandline Resources has signed a binding sales contract with China’s Maoming Ubridge Group Mineral Industry Company for all the ilmenite to be produced at its Fungoni project, in Tanzania, over the life of the project. MD Luke Graham said on Tuesday that establishing this strategic offtake relationship with Maoming represented another important milestone for Strandline, ensuring the company remained on track to commercialise what was the first in its pipeline of outstanding mineral sands assets in Tanzania.