Australia's Strandline Resources jumps on Coburn project progress

Strandline Resources

04/10/2021 03:31

** Shares of Strandline Resources Ltd  STA.AX  jump as much
as 4.9% to A$0.215 in their best intraday session since Sept. 17
    ** Mineral sands explorer executes https://bit.ly/3a15l4H
long-term mining services contract with Mine Site Construction
Services 
    ** Contract relates to plans for production at the Coburn
project in Western Australia
    ** STA says co remains on track to achieve first production
of heavy mineral concentrate from Coburn in the December qtr of
FY22 
    ** Shares hit their highest since Sept. 20; up 9.3% this
year, as of Friday's close

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))