Australia's Strandline Resources jumps on expediting WA project open pit mining

Strandline Resources

29/06/2022 05:58

** Shares of miner Strandline Resources  STA.AX  climb as
much as 9.1% to A$0.36, highest since June 9
    ** Co says it is set to commence open pit mine development
at its Coburn mineral sands project in Western Australia two
months ahead of schedule  urn:newsml:reuters.com:*:nASXb3NS3j
    ** Stock posts its biggest intra-day percentage gain since
April 13, if gains hold
    ** Co says construction and preparation activities have been
moving rapidly which has accelerated the development work
    ** Says co is on-budget and on track to start producing
heavy mineral concentrate in the December 2022 quarter
    ** STA up 17.9% YTD as of last close 
    


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