Investor Presentation - Countdown to Cashflow
Sydney, Oct 13, 2015 AEST (ABN Newswire) - MZI Resources Ltd (
ASX:MZI) are pleased to provide a Company Investor Presentation for October 2015, titled; "Countdown to Cashflow".
Summary: MZI a rare gem in today's resources sector
- Keysbrook project is fully funded, fully permitted and nearing the end of construction - 92.5% complete at end September, tracking on budget and ahead of schedule
- Commissioning and production in Q4 2015, first sales Q1 2016
- Low cost: ~$355/tonne forecast cash operating cost in first full year, competitive with major producers
- High margin: ~50% forecast EBITDA margin even at recent spot prices and FX
- First full year forecast EBITDA of $39.9m at recent spot prices and FX
- Positive price/demand outlook for Keysbrook-type products
- Focused on higher-value end of mineral sands market: Zircon, Leucoxene88, Leucoxene70
- Five year binding sales contracts for 85% of annual production with blue chip customers (Chemours and Tricoastal/Wensheng)
- Long life asset with significant growth/expansion potential
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-MZI-736998.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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