Australia's Strandline jumps on zircon product offtake deal with European firm

Strandline Resources

19/05/2021 02:57

** Shares of Strandline Resources  STA.AX  climb as much as
5.1% to A$0.205, marking their biggest intraday pct gain since
March 23
    ** The mineral sands explorer signs binding offtake deal for
premium zircon product with Mario Pilato BLAT S.A., a European
raw material supplier to the ceramics, glass and refractory
industries  urn:newsml:reuters.com:*:nASN0017MW
    ** Deal for nominally 10,000 tonnes per annum of finished
premium zircon product from Coburn mineral sands project in WA
for an initial two-year period 
    ** STA hits its highest since May 12
    ** Stock up 4% YTD, as of last close

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))