Operations set to Commence at Keysbrook Project
Perth, Oct 13, 2015 AEST (ABN Newswire) - MZI Resources Ltd (
ASX:MZI) is pleased to advise that it is preparing to commence operations at its flagship Keysbrook Project, 70 kilometres south of Perth in Western Australia.
- Final preparations underway for start of operations
- Mining on track to commence next week
- Plant commissioning to commence by end October
- Discussions underway to start shipments before end 2015
Work on the project is tracking almost one month ahead of the orginal schedule, with the project remaining on budget and 92.5% complete at the end of September 2015.
Final preparations are under way to commence continuous mining operations in the week commencing 19 October 2015.
On this basis, the Company anticipates that ore feed to the Wet Concentrator Plant at Keysbrook will be able to commence in the following week, marking the start of plant commissioning and enabling first leucoxence and zircon concentrate production at Doral's Picton processing facility to begin during November.
MZI is currently in discussions with customers about potential options to despatch its first product shipment before the end of calendar 2015.
MZI's Managing Director, Trevor Matthews, said: "These are extremely exciting times, with MZI on the cusp of becoming the world's biggest - and WA's first - primary producer of leucoxene, as well as a substantial producer of zircon.
Keysbrook's low forecast operating costs and high value product mix also promise to make MZI one of the highest margin suppliers of premium mineral sands products to the global market."
The Keysbrook Project is scheduled to produce over 95,000 tonnes of leucoxene and zircon products annually.
To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-MZI-736997.pdf
About MZI Resources Ltd
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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