MZI Resources Ltd (ASX:MZI) is pleased to announce it has secured funding to progress its strategic land access program. This will support future operations at its flagship Keysbrook mineral sands operation, 70km south of Perth, including the potential for future growth.
MZI Resources Ltd
MZI Resources Ltd (ASX:MZI) is a mineral sands producer focused on the high value minerals of zircon and leucoxene, and owns the newly commissioned Keysbrook Mineral Sands Mine, 70 km south of Perth in Western Australia.
Development of Keysbrook was completed ahead of schedule and within budget in October 2015, and completed its first shipment of zircon concentrate in December 2015. Keysbrook is designed to produce approximately 96,000 tonnes of zircon concentrate and leucoxene annually, with over 85% of all planned production committed under offtake contracts with blue chip international customers.
MZI Resources Ltd (ASX:MZI) is pleased to announce it has appointed Northcott Capital Limited as a Corporate Financial Advisor to review the Company's balance sheet and financing structure and, subject to development of an acceptable plan, assist with the delivery of the most appropriate and efficient capital structure for MZI going forward.
MZI Resources Ltd (ASX:MZI) is pleased to announce the appointment of well-regarded and experienced resources industry senior executive Mr Martin Purvis as Managing Director and Chief Executive Officer of MZI Resources. His appointment follows a comprehensive Australian and international executive search. Mr Purvis will commence in the role effective 1 July 2017.
During the March Quarter 2017, the primary focus of MZI (ASX:MZI) remained on completing the operational transformation and ramp-up at the Company's Keysbrook Operations.
MZI Resources Ltd (ASX:MZI) refers to the ASX release made earlier today and is pleased to confirm that the Letter of Agreement in respect of the expanded L88 offtake agreement was executed with its major leucoxene customer The Chemours Company based in the United States of America.
MZI Resources Ltd (ASX:MZI) is pleased to advise that it has signed a Letter of Agreement with its major leucoxene customer to provide significant additional volumes of its premium L88 product over the next three years.
MZI Resources Ltd (ASX:MZI) is pleased to provide the following business update regarding operational performance and sales from the Company's flagship Keysbrook Mineral Sands Operation.
MZI Resources Ltd (ASX:MZI) Business Update and Successful Commissioning of Transportable Mining Field Unit
MZI Resources Ltd (ASX:MZI) is pleased to provide a business update following the successful start-up and commissioning of its new transportable Mining Field Unit (MFU) at the Company's flagship Keysbrook Mineral Sands Operation.
MZI Resources Ltd (ASX:MZI) is pleased to provide the Company's latest Presentation at Mineral Sands Conference in Perth, March 2017.
The Directors present their report on the Consolidated Entity comprising MZI Resources Ltd (ASX:MZI) and its controlled entities for the half-year ended 31 December 2016.