NOTICE OF UPGRADE

Our websites will be unavailable between the hours of AEST 4AM September 17, 2022 and AEST 11PM on date September 18, 2022

InvestoGain Australia
 

SEARCH LISTED COMPANY


Any AUS or NZ company

Browse Australian listed companies

0-9A B C D E F G H I J K L M N O P Q R S T U V W XY Z

Browse current Australian managed funds

0-9A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

SEARCH PRIVATE COMPANY


SEARCH FUNDS

Find any Australian or New Zealand company or fund (dead or alive) by using SEARCH above or go directly to the site:

STRANDLINE RESOURCES LIMITED (STA)

Click here for free access to this company's:
ASX, Legal & CGT Status

Former (or subsequent) names

Shareholder links

Our website ranking of STA: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare Perth
Level 17, 221 St Georges Terrace, Perth WA 6000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000STA5
Address: London House, Level 9, 216 St Georges Terrace Perth WA 6000 Australia
Tel:  08 9226 3130Fax: 08 9485 2070

Date first listed: 17/05/2000

Sector: Materials Industry Group: XMJ
Activities: Mineral exploration in Australia

News & Events

Expand this box to read and print

Record production in May 2024 of 16,267 dry tonnes of Heavy Mineral Concentrate. Production during the months of March, April and May 2024 exceed the forecast levels developed as part of the operations strategic review. HMC quality improvement program delivering positive results. Mineral Separation Plant trial commenced on 6 June 2024.

07/06/2024

The Company requests an extension to its voluntary suspension until the earlier of Wednesday, 31 July 2024, or when an announcement regarding the status of the operations strategy and associated funding requirements can be made.

31/05/2024

Heavy Mineral Concentrate (HMC) production in the month of April 2024 totalled 14,847 dry tonnes compared to 15,510 dry tonnes for the month of March 2024. The April 2024 result was in line with forecasts contained in the new mine plan developed as part of the strategic review. Additional A$5m draw down from lenders in May 2024. Mineral Separation Plant (MSP) two week trial planned for June 2024.

29/05/2024

BDO Audit Pty Ltd has been appointed as auditor of the Company. The appointment follows the resignation of BDO Audit (WA) Pty Ltd and ASIC's consent to the resignation in accordance with s329(5) of the Corporations Act 2001 (the Act). The change of auditor arose as a result of BDO WA restructuring its audit practice whereby audits will be conducted by BDO Audit, an authorised audit company, rather than BDO WA.

28/05/2024

The company has agreed to sell its Tanzanian mineral sands projects to a subsidiary of Shenghe Resources Holding Co., Ltd., a leading rare earths and mineral sands developer, miner, and processer. The sale will result in a total consideration of approximately A$43 million, split between the sale of Strandline's shares in the Tanzanian Projects and the assignment of inter-company loans. The sale is subject to obtaining all necessary regulatory and government approvals, and no material adverse change. The consideration will be used to repay existing super senior indebtedness and for working capital. Strandline is in active discussions with its financiers to ensure maximum liquidity is retained within the company.

20/05/2024

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

30/04/2024

Record monthly Heavy Mineral Concentrate (HMC) production of 15,510 dry tonnes in March 2024, up 37% on the month of February 2024 (11,308 dry tonnes). 9,760 dry tonnes of HMC shipped in early March 2024. 14,503 dry tonnes of HMC shipped in early April 2024.

09/04/2024

The Tajiri SML was issued to Nyati Mineral Sands Ltd, Strandline's joint venture company with the Government of Tanzania (Ownership: Strandline 84% , Government 16%). The issue of the SML completes the transfer and issue of all key tenements to Nyati. Strandline thanks Her Excellency Dr. Samia Suluhu Hassan, President of the United Republic of Tanzania, the Hon. Minister for Minerals Anthony Mavunde, the Permanent Secretary Mr. Kheri Mahimbali, Commissioner for Minerals Dr. Abdulrahman Mwanga, Executive Secretary for the Mining Commission Eng. Yahya Samamba, the Management of the Ministry of Minerals and Mining Commission, and everyone that has supported our journey in Tanzania. The Company has further progressed discussions with potential strategic and offtake partners (including options for joint venture) as it continues its commercialisation plans for its Tanzanian assets.

26/03/2024

The Company's Half Year Report the period ended 31 December 2023 was completed late on 15 March 2024, and lodged with ASX for release late that day. The finalisation of the Company's operational strategy and any associated fundraising is expected to provide certainty around the Company's future financial position. The Company requests an extension to its voluntary suspension until the earlier of Friday, 31 May 2024, or when an announcement regarding the status of the operations strategy and associated funding requirements can be made.

18/03/2024

The company lodges its Half Year Accounts.

18/03/2024

The company releases a notice of proposed issue of securities.

15/03/2024

Super senior finance facility agreed for up to A$20M. A$10M of the new facility drawn 8 March 2024. Two A$5M tranches which may be drawn down subject to certain conditions. In addition to the new facility, Strandline has agreed with its financiers (NAIF, National Australia Bank and Nordic Bondholders) to extend the standstill arrangement on certain interest payments and near-term repayments and covenant waivers, subject to certain conditions.

15/03/2024

The company provides an update on operations at its Coburn Mineral Sand Project in Western Australia. Record single day Heavy Mineral Concentrate (HMC) production of 843 dry tonnes in February 2024. Record single week HMC production of 5,248 dry tonnes in late February 2024. 8,362 dry tonnes of HMC produced in January 2024 and 11,308 dry tonnes of HMC produced in February 2024. 12,314 dry tonnes of HMC shipped in February 2024 and 9,760 dry tonnes of HMC shipped in the first week of March 2024.

12/03/2024

S&P Dow Jones Indices announced today the changes in the S&P/ASX Indices, effective prior to the open of trading on Monday, March 18, 2024, as a result of the March quarterly review. The Company was removed from the list of All Ordinaries "“ Effective Prior to the Open on March 18, 2024.

01/03/2024

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

31/01/2024

The Company provides an update on operations at its Coburn Mineral Sand Project in WA. 12,599 tonnes of Heavy Mineral Concentrate produced in December 2023 (November 2023 production: 10,566 tonnes). One HMC shipment of 12,519 tonnes completed in December 2023. ~10,500 tonnes of HMC shipped on 9 January 2024. Strategic approach to tailings storage is resulting in increased storage capacity.

18/01/2024

The Company requests an extension to its voluntary suspension until the earlier of Friday, 15 March 2024, or when an announcement regarding the status of the operations strategy and associated funding requirements can be made.

15/01/2024

10,566 tonnes of Heavy Mineral Concentrate produced in November 2023, up from 4,544 tonnes in October 2023. December 2023 HMC production to date of ~7,500 tonnes. 12,500 tonnes of HMC shipped on 13 December 2023. Record production rate of 1,974 tonnes of HMC from December 15 "“ 17 2023. Work to increase tailings storage capacity underway, with truck and excavator fleet in operation. Annualised corporate cost reductions to date of ~$4m.

21/12/2023

The Northern Australia Infrastructure Facility has approved the repurposing of up to $15M, with $10M of these funds released to the Company on 20 December 2023. The Company has agreed with its financiers (NAIF, National Australia Bank and Nordic Bondholders) a standstill arrangement on certain near-term interest payments, repayment obligations and covenant waivers. The Company has undertaken to work with its lenders to implement a comprehensive review of the Company's debt position during the March 24 quarter.

21/12/2023

The company releases its Sustainability/Climate Action Report.

21/12/2023

The company is working on a revised operations strategy and associated funding requirements for the Coburn Project. Work on this are ongoing and yet to be completed. The finalisation of the operational strategy and associated fundraising, including potential amendments to, or waivers of, the company's debt facilities, is expected to provide certainty around the company's future financial position. The company requests an extension to its voluntary suspension until the earlier of 15 January 2024, or when an announcement regarding the status of the operations strategy and associated funding requirements can be made.

04/12/2023

The company releases a notification of cessation of securities.

01/12/2023

The company releases the results of its AGM.

23/11/2023

15,000 tonne "ZIC" shipment and 5,900 tonne Chloride Ilmenite shipment completed in October 2023. 12,000 tonne Heavy Mineral Concentrate shipment contracted for December 2023. October production of HMC reduced as a result of Dozer Mining Unit availability and tailings constraints. November production of HMC is much improved with increased DMU availability and limited tailings constraints. Key State Government approvals obtained to increase capacity of tailings storage. Mineral Separation Plant commissioning impacted by limited HMC production. Operational and funding requirements review ongoing.

23/11/2023

The Company requests an extension to its voluntary suspension until the earlier of Monday, 4 December 2023, or when an announcement regarding the status of the operations strategy and associated funding requirements can be made.

20/11/2023

The Company requests an extension to its voluntary suspension until the earlier of Monday, 20 November 2023, or when an announcement regarding the status of the operations strategy and associated funding requirements can be made.

06/11/2023

The company lodges its Quarterly Activities and Cashflow Report.

31/10/2023

The securities of Strandline Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of STA, pending the release of an announcement regarding operations and funding.

31/10/2023

we understand that on or about this date the company consolidated its shares 1 for 12

08/12/2017

we understand that on or about this date the company consolidated its shares 1 for 12

18/07/2017

The securities of Strandline Resources Limited will be reinstated to official quotation from the commencement of trade tomorrow, 7 July 2017 following the release of an announcement regarding legislative changes in Tanzania.

06/07/2017

Three bills of legislation containing changes to the legal framework governing the natural resources sector in Tanzania have been passed. The company does not believe that the legislation will have a major impact on the company's strategy or its ability to achieve its exploration and project development goals.

06/07/2017

The following securities remain on issue following the cancellation of the consolidation of capital: STA Ordinary Fully Paid Shares -3,012,697,074; STAAA Options expiring 3 November 2017 exercisable at 3 cents each 10,000,000; STAAB Performance Rights 55,000,000; STAAC Options expiring 12 October 2018 exercisable at 1.5 cents each 136,366,924; STAAK Options expiring 30 June 2018 exercisable at 1 cent each 428,508,795; and STAAM Options expiring 30 June 2019 exercisable at 1.5 cents each 428,549,645.

06/07/2017

The company announces the cancellation of consolidation/split due to the withdrawal of the resolution from the shareholders' meeting.

06/07/2017

The company releases the results of its meeting.

06/07/2017

The securities of Strandline Resources Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement.

05/07/2017

The suspension of trading in the securities of Strandline Resources Limited will be lifted immediately, following receipt of an announcement. Security Code: STA

14/10/2015

Strandline Resources Limited ("Strandline", or the "Company") is pleased to advise that following completion of the acquisition of Jacana Resources (Tanzania) Limited as announced last Friday, it has received binding commitments from sophisticated and professional investors to subscribe for a total of $1.6 million in a placement to issue up to approximately 229 million new shares and 114.5 million new options ("Placement").  

14/10/2015

The securities of Strandline Resources Limited (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement. Security Code: STA

13/10/2015

name changed from Gunson Resources Limited

08/12/2014

 

Click here for free access to this company's:
ASX, Legal & CGT Status

Your comments

Please read our Terms before viewing comments.

 

Company Updates

Post your comments here

Please read our Terms before posting comments.
OMISSIONS
    You can post a comment here about this company

    Please click in the "I'm not a robot" box and enter the word/figures you see in the image that then appears.

    loading Posting your comments. Please wait...

     


     

    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

    rss feeds

    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    08/09/2022Luke Graham-1,098,000$0.495$543,589
    18/05/2021Peter Watson-686,775$0.197$135,163
    25/03/2020Didier Murcia300,000$0.083$24,900
    23/03/2020Luke Graham118,213$0.090$10,598
    25/02/2019Didier Murcia350,000$0.100$35,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Mark HancockChairman11/08/2020
    Jozsef PataricaManaging Director, CEO25/07/2023
    Belinda MurrayCOO23/11/2023
    Flavio GarofaloCFO, Company Secretary05/06/2018
    Robert IeraceCFO09/04/2024
    John HodderNon Exec Director08/06/2016

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Didier MurciaNon Exec Chairman23/11/2023
    Alexandra AtkinsNon Exec Director24/05/202123/11/2023
    Peter WatsonExecutive Director10/09/201823/11/2023
    James ChialoAlternate Director10/12/202123/11/2023
    Luke GrahamManaging Director, CEO19/09/201625/07/2023
    Asimwe KabungaNon Exec Director19/06/201508/10/2018
    Geoffrey JamesCFO02/12/201405/06/2018
    Richard HillNon Exec Director28/04/200601/11/2017
    Tom EadieManaging Director01/01/201619/09/2016
    Michael FolwellNon Exec Chairman23/10/201402/03/2016
    Mark HanlonNon Exec Director09/10/201502/03/2016
    Bill BlokingNon Exec Director01/08/201302/03/2015
    Ron ChamberlainCFO15/03/201202/12/2014
    David CraigNon Exec Chairman08/03/201123/10/2014
    Garret DixonNon Exec Director05/09/201223/10/2014
    David HarleyManaging Director23/12/199901/08/2013
    Peter HarleyDirector23/12/199924/05/2013
    Bryan OliverNon Exec Director11/04/201110/04/2012
    William CunninghamDirector13/03/200008/03/2011

    Date of first appointment, title may have changed.