On Manch 28, 2022, Strandline and the Tanzanian Government completed the formation of JV company, Nyati Mineral Sands Limited (Nyati), which now holds all Strandline’s Tanzanian mineral sands assets, including the advanced Fungoni and Tajiri Projects.
Subsequent to the end of the 2024 financial year Strandline completed the sale of its Tanzanian mineral sands assets to a subsidiary of Shenghe Resources. Strandline’s mineral sands projects in Tanzania include Fungoni, Tajiri, Sudi, and Bagamoyo.
The purchaser, Ganzhou Chenguang Rare Earths New Material Co., is a subsidiary of Shenghe. The company intends to acquire 100% equity in Strandline Resources UK Limited, a wholly-owned subsidiary of Strandline Resources Limited, thereby indirectly holding interests in the four heavy mineral sand projects in Tanzania.
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Summary:
Tajiri Resources comprise a series of higher-grade mineral sands deposits stretching along 30kms of Tanzanian coastline, including T1, T2, T3, T4, TC, Tajiri North, and Vumbi deposits
• Tajiri JORC-compliant Mineral Resource Estimate (MRE) of 268Mt @ 3.3% THM;
• Tajiri Resources have been defined through a series of air core drilling campaigns;
• All resources start from surface, with no overburden and contain large coherent higher-grade domains comprising mostly high-value titanium-dominated mineral assemblage, with elevated zones of zircon and almandine garnet;
• Contained Heavy Mineral (HM) content is 8.8Mt, with in-situ rutile (580,000t), zircon (335,000t), ilmenite (5,206,000t), and almandine garnet (1,477,000t);
• The MRE was managed by IHC Robbins’ Greg Jones, a specialist consultant in mineral sands resources, metallurgy, and processing technology (refer to Competent Person statement);
• The Tajiri MRE is likely to continue to grow over time with high-grade resources remaining open.
Two types of heavy mineral placer-style deposits are possible in Tanzania:
1. Thin but high-grade strandlines, which may be related to marine or fluvial influences;
2. Large but lower-grade deposits related to windblown sands.
The coastline of Tanzania is not well known for massive dunal systems such as those developed in Mozambique; however, some dunes are known to occur and cannot be discounted as an exploration model. Palaeo strandlines are more likely and will be related to fossil shorelines or terraces in a marine or fluvial setting. In Tanzania, three terraces have been documented and include the Mtoni terrace (1-5m ASL), Tanga (20-40m ASL), and Sakura Terrace (40 to 60m ASL). Strandline mineral sand accumulations related to massive storm events are thought to be preserved at these terraces above the current sea level.