Before entering administration, Strandline Resources, through its wholly owned subsidiary Coburn Resources Pty Ltd, operated the 100%-owned Coburn Mineral Sands Mine.
Strandline Resources entered voluntary administration on 21 February 2025, with McGrathNicol appointed as receivers and Cor Cordis as administrators for both Strandline and its subsidiary Coburn Resources Pty Ltd. The receivers assumed control to maintain operations while pursuing a sale or recapitalization.
Iwatani Corporation has offered about A$15 million to acquire the Coburn mine, which remains under receivership and care-and-maintenance. No binding completion of the transfer to Iwatani has been publicly confirmed.

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