Drilling has been given the green light at Strandline Resources’ heavy mineral sands tenements in southern Tanzania after a two-stage joint venture agreement worth $14 million was finalised with Rio Tinto.
Exploration is already underway in preparation for a reconnaissance level-air core-drilling programme, which is earmarked to start next month at sites in Sudi, Kiswere, Madimba and Miteja.
The agreement marks another key milestone in Strandline’s strategy to establish a pipeline of mineral sands projects in Tanzania, according to the company’s managing director Luke Graham.
“The Strandline team, in conjunction with Rio Tinto, has planned an initial reconnaissance drilling programme over a number of priority project areas,” he said.
“This multi-pronged approach will underpin strong newsflow and allows us to have projects at different stages of development and scale.”
By Steve Impey
Source: Australian Mining