Strandline Resources Limited (AU:STA) has released an update.
Strandline Resources Limited reported a strong operational performance for the September 2024 quarter, with record production levels in its Coburn Mineral Sands Project and successful sales of heavy mineral concentrate. The company also completed the sale of its Tanzanian projects, raising A$43 million to address its debt, while ongoing discussions with financiers aim to restructure remaining liabilities. Despite the positive developments, Strandline’s shares remain suspended as financial negotiations continue.
For further insights into AU:STA stock, check out TipRanks’ Stock Analysis page.