Strandline Resources Limited (AU:STA) has released an update.
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Strandline Resources Limited has successfully sold its Tanzanian mineral sands assets to Shenghe Resources Holding Co., Ltd.’s subsidiary for A$43 million, using the proceeds to clear its A$35 million super senior debt and associated costs. The completion of this deal marks a significant milestone for Strandline, with both parties expressing gratitude towards the Government of Tanzania for facilitating the sale and expressing interest in future collaborations.
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