Congratulations to Strandline Resources Limited (ASX: STA) on completing the sale of its Tanzanian mineral sands assets to Shenghe Resources for consideration of A$43m. Shenghe is a leading rare earths and mineral sands developer, miner and processer listed on the Shanghai Stock Exchange.

Sternship is pleased to have acted as financial adviser to Strandline on the transaction. Gilbert + Tobin acted as legal adviser to Strandline.