PERTH (miningweekly.com) – ASX-listed junior Strandline Resources has awarded fellow-listed GR Engineering Services the engineering, procurement and construction (EPC) contract for the Fungoni mineral sands project, in Tanzania.
The EPC contract, valued at $17.6-million, will cover a two-million-tonne-a-year processing plant and facilities.
Strandline said on Monday that the fixed cost contained in the EPC contract was in line with the Fungoni definitive feasibility study.
“GR Engineering has partnered with Strandline through the feasibility stage of the project and has committed to deliver a high-quality beneficiation and mineral separation facility, designed to produce world-class zircon and titanium products,” said Strandline MD Luke Graham.
“With key project approvals already in place for Fungoni and 100% of product contracted under offtake, Strandline’s major focus is now on advancing project funding.”
The $30-million Fungoni project is expected to produce 302 300 t of saleable mineral sands product for delivery over the six-year mine life, generating life-of-mine revenues of $168-million.