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burn up the development curve. and potentially Bagamayo down the
Nevertheless, the company has track,” Graham said.
stuck to script in terms of remaining “We are trying to incorporate a
faithful to the mineral sands sector one-stop framework agreement for
and big rewards could be around all our assets and commercialisation
the corner. and monetisation of all our assets
A new President in Tanzania – Sa- over time in Tanzania. Things are
mia Suluhu Hassan – following the very positive in Tanzania across the
passing of John Magufuli in March resources sector at the moment.”
has reinvigorated foreign investment While the framework agreement is
in the country’s mining sector. a critical work stream for Strandline
Graham said there was a healthy in Tanzania, the company is also en-
stream of work from both ASX and gaging closely with government on
TSX companies in Tanzania at the environmental permitting for Taijiri.
moment and that Strandline itself re- “Tanzania will switch on,” Graham
mained engaged in the East African said. “Last quarter calendar year
country. Great progress being made in Tanzania’s mining sector will 2020, we announced our initial engi-
“Strandline continues to work no doubt see more value ascribed to Strandline for its high- neering study for our large scale Tajiri
hard on the foundations we have grade, multi-decade projects in the country project. We are not there for a small
in Tanzania and we are working on project or a short time, we are there
the framework agreements with the for decades so bedding down this
Government,” Graham told Paydirt. In delivering a presentation on the final framework agreement is high on our agenda
Strandline hopes to strike a framework investment decision of Coburn, near Shark for setting us up for success and for us to
agreement with the Tanzanian Government Bay in WA, Strandline was also quizzed on really start to realise the value of our assets
covering not only the development-ready its progress in Tanzania. out there.
Fungoni project, 25km south-east of Dar es “We are running a few work streams at the “That is quite an exciting X-factor in our
Salaam, but also Taijiri at Tanga in the north moment; one of them is to try and finalise the project pipeline, and we have some great
and Bagamayo, 40km from Dar es Salaam. negotiations of the framework agreement growth options and sustainability options
Given the circumstances in Tanzania for [and] the Government’s equity participa- right now all 100% owned by Strandline
the past four years, fair value for Strandline’s tion in our projects. The way that framework shareholders.”
heavy mineral sands projects in the country agreement is envisaged creates a really – Mark Andrews
has been non-existent. However, the poten- strong platform and stable platform for us to
tial of the assets remains of interest to ana- not only develop Fungoni – our high-margin
lysts and investors. starter project in Tanzania – but also Taijiri

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