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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.

Strandline gets major interest Strandline gets major interest Strandline gets major interest Strandline gets major interest Strandline gets major interest

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.

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