Expressions of Interest sought for the Recapitalisation or Sale of the Strandline and Coburn business and assets

Strandline Resources Ltd (“STA”) and Coburn Resources Pty Ltd (“Coburn”) (Receivers and Managers appointed to both) (Administrators appointed to both)

Rob Brauer, Linda Smith and Jason Preston as Receivers and Managers of STA and Coburn (ASX: STA; www.strandline.com.au) are seeking expressions of interest for the forthcoming sale or recapitalisation of Strandline’s business and assets.

STA operates the 100% owned Coburn Mineral Sands Project located 240km north of the major minerals port in Geraldton, Western Australia. Coburn is one of the largest mineral sands (zircon and titanium rich deposit) projects in the world, with an exceptional zircon titanium project suite. Ongoing production from its commencement in late 2022.

Key investment highlights include:

• +20 years mine life ensuring consistent and reliable supply of critical minerals with a recently updated mineral resource estimate of 1,712Mt at 1.2% total heavy minerals;
• Strong demand for existing high quality heavy mineral concentrate (HMC) production;
• On-site Wet Concentrator Plant and Mineral Separation Plant;
• Trusted customerrelationships and offtake arrangements;
• Experienced senior management team;
• Identified investment opportunities to further optimise HMC production; and
• Growth opportunities to access additional markets for critical minerals (premium zircon, zircon concentrate, chloride ilmenite and rutile).

Expressions of interest are sought by no later than 4pm (AEDT), Wednesday, 5 March 2025.

Interested parties can contact: McGrathNicol – James Clark
T +61 8 6363 7654
E [email protected]