MINERAL SANDS
The Fungoni heavy mineral sands project, in Tanzania, has been priced at $30-million to develop into a two-million-tonne-a-year operation.
ASX-listed Strandline Resources on Thursday reported that the definitive feasibility study (DFS) for the Fungoni project estimated that 302 300 t of saleable mineral sands product could be delivered over the six-year mine life, generating life-of-mine revenues of A$168.1-million.
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