Strandline Resources Limited (AU:STA) has released an update.
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Strandline Resources Limited has announced progress in enhancing operational efficiencies at its Coburn mineral sands project, with a new airstrip construction funded by a $5 million advance from the Northern Australian Infrastructure Facility. The airstrip, situated 17 kilometers from the Coburn site, aims to reduce travel time for Strandline’s workforce, thus improving efficiency and staff retention. The financial support from lenders, including NAIF, underscores the company’s ongoing improvements and operational advancements.
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