MZI Resources Ltd Stock Market Press Releases and Company Profile
Flagship Keysbrook Minerals Sands Project 74% Complete
Flagship Keysbrook Minerals Sands Project 74% Complete

Perth, July 30, 2015 AEST (ABN Newswire) - MZI Resources Ltd (googlechartASX:MZI) is pleased to provide the following update on progress at its flagship Keysbrook Project, 70 kilometres south of Perth in Western Australia.

At the end of June 2015 the Project was on schedule for commissioning and first production with overall progress at 74% complete.

The Project remains on budget.

At the Keysbrook site, construction activities have moved to be predominantly focussed on the wet concentrator plant (WCP). The facility is well advanced, with the third level now accessible and the installation of the spiral banks that will separate the heavy mineral from the sand underway. Following the arrival of the thickener in early July, all equipment is now onsite and will be installed over the next few months.

Delivery of MZI's new mining fleet has commenced, with all mining equipment due on site this week. In addition, the majority of MZI's mining operators have now commenced and are currently undergoing inductions and training.

MZI plans to commission the new mining fleet and train the mobile equipment operators whilst undertaking mine development activities ahead of the commencement of full scale mining operations in November.

At the Doral site at Picton, all mechanical items have now been installed and all equipment is on site awaiting construction. Importantly, having all equipment now on site at both plants means there is no longer any long-lead time equipment risk in the project schedule.

MZI's Managing Director, Trevor Matthews, said: "We have entered a busy period for the project and it is great to see the construction and operations teams working together towards project completion and the commencement of operations."

Keysbrook is on track to commence commissioning in November 2015 with first sales planned for early Q1 2016. The Keysbrook Project is scheduled to produce over 95,000 tonnes of leucoxene and zircon products annually.

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About MZI Resources Ltd

MZI Resources Ltd ASX MZI MZI Resources Ltd (ASX:MZI) is a mineral sands company focused on the high value minerals of zircon, rutile and leucoxene based in Perth, Western Australia. Its flagship operating asset is the Keysbrook Mineral Sands Project, located 70km south of Perth. At the Keysbrook mine, mineral sands are mined and processed to produce heavy mineral concentrate (HMC) which is processed into final products under a toll treating arrangement with Doral Mineral Sands Pty Ltd at the Picton Mineral Separation Plant (MSP) near Bunbury.

The Keysbrook mine hosts a world-class zircon / leucoxene ore body with total Ore Reserves equivalent to over 15 years of production at design output rates, and total Mineral Resources equivalent to over 30 years of production. Production commenced in late 2015, making the Keysbrook Project Australia’s first – and the world’s largest - primary producer of high value leucoxene.

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Contact

Trevor Matthews
Managing Director
T: +61 8 9328 9800



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