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Strandline clears first Fungoni hurdle

Strandline Resources' (AU:STR) Fungoni feasibility study has passed the test, but the junior now has to convince investors it has the ability to push the mineral sands project forward in an increasingly complex environment in Tanzania.

Strandline clears first Fungoni hurdle Strandline clears first Fungoni hurdle Strandline clears first Fungoni hurdle Strandline clears first Fungoni hurdle Strandline clears first Fungoni hurdle

Strandline is stepping into complex territory in Tanzania

For despite Fungoni having relatively modest capital costs of US$30 million, a headline NPV of $43 million and IRR of 56%, Strandline's share price gain of 20% to A$0.