Strandline names Primero for Coburn

Strandline Resources has appointed Primero Group as preferred proponent to design and build processing infrastructure at its Coburn mineral sands project.

That contract will cover a variety of processing circuits at the project, with Downer Group-subsidiary Mineral Technologies helping deliver aspects of the final works.

The project, which is thought to hold more than 200,000 tonnes of zircon, chloride ilmenite and rutile, is expected to cost about $260 million in initial capital works.

Other companies appointed to work on the project include Macmahon Holdings, which was contracted to undertake $23 million of road and bulk earthworks for the project in August.

Today’s announcement follows Strandline successfully raising $19 million to advance early works on the project.

Prior to that, the business had negotiated for access to a $150 million loan facility guaranteed by the Northern Australia Infrastructure Facility.

Strandline Resources was trading at $0.19 per share at 3pm AEST while Primero Group was trading at $0.33/share.