Australia's Strandline Resources rises on nearing first production from WA project

Strandline Resources

07/06/2022 04:25

** Shares of mining co Strandline Resources  STA.AX  rise as
much as 5.9% to A$0.360, mark their biggest intraday gain since
April 13
    ** Co says construction of its Coburn mineral sands project
in Western Australia is now 75% complete  urn:newsml:reuters.com:*:nASX8ckptB
    ** Says Coburn's construction remains in line with co's
timetable and capital budget, ensuring it is on track for first
production of heavy mineral concentrate in Q4 2022
    ** As of last close, stock up 21.4% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))