Page 1

27 JUL 2021 STRANDLINE resources limited BUILDING A SIGNIFICANT CRITICAL MINERALS BUSINESS ASX ANNOUNCEMENT ASX : STA QUARTERLY ACTIVITIES REPORT FOR THE PERIOD ENDING 30 JUNE 2021 CONSTRUCTION RAMPS UP AT COBURN MINERAL SANDS PROJECT IN WA Strandline is on track to deliver critical minerals into a rapidly tightening market next year COBURN MINERAL SANDS PROJECT , WESTERN AUSTRALIA • Pivotal quarter for Strandline , with a series of major achievements culminating in the ramp up of project construction . Key milestones in the period included : - - Funding of A $ 338m secured , meaning Coburn is fully - funded through to production and cashflow Favourable finance structure comprising combination of long - tenor debt provided by NAIF ( A $ 150m ) and a US $ 60m Bond Issue , together with the Company's strong cash position Final Investment Decision ( FID ) taken to proceed with full development of Coburn Signed final offtake contract ; Strandline now has 100 % of Coburn's forecast revenue secured under binding sales contracts , estimated to average ~ US $ 140m pa ( ~ A $ 200m , AUD : USD 0.70 ) Construction at Coburn ramping up on several fronts , including installation of the first stage workers camp , main access road and bulk earthworks clearing and cut - to - fill works , as well as commissioning of the first production water bore Detailed design , equipment procurement and fabrication progressed , including ordering of major processing plant equipment , dozer mining units and hybrid power station • First production of heavy mineral concentrate ( HMC ) on track for December quarter , 2022 FUNGONI AND TAJIRI MINERAL SANDS PROJECTS , TANZANIA • Strandline continued to progress its portfolio of high - growth mineral sands assets in Tanzania , advancing government agreement and strategic partner discussions CORPORATE • Cash position of A $ 116.4m as at 30 June 2021 • Mineral sands market and commodity prices continue to strengthen due to lack of supply and increasing demand ; providing strong fundamentals to support investment • Technical and Sustainability Board committee established to support project development , drive innovation and implement of the Company's environmental and sustainability goals • Appointment of Ms Alexandra ( Alex ) Atkins as a Non - executive Director Level 9 , 216 St George Terrace , Perth WA 6000 | E : enquiries@strandline.com.au | T : +61 8 9226 3130 | ABN 32 090 603 642