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Strandline gets major interest

Strandline Resources (AU:STA) has found some major interest, with Rio Tinto (LN:RIO) agreeing to a farm-in deal with the prospective mineral sands explorer in Tanzania.

Mining Journal
Rio already has a strong mineral sands base in South Africa (pictured) and Madagascar

Rio already has a strong mineral sands base in South Africa (pictured) and Madagascar

The deal could see Rio earn a 75% stake with expenditure of US$9 million and payments to the junior of US$1.75 million. The agreement takes in Strandline’s tenements in southern Tanzania but doesn’t...

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