MZI Resources Ltd Stock Market Press Releases and Company Profile

Sydney, Feb 14, 2006 AEST (ABN Newswire) - Olympia Resources (ASX: OLY) is please to announce the appointment of Mal Randall as Chairman of Directors.

Mr Randall has extensive experience in corporate, management and marketing in the resources sector, including more than 20 years with the Rio Tinto group of companies.

His experience extends over a broad range of commodities, including iron ore, diamonds, base metals, coal, uranium and industrial minerals both in Australia and internationally.

His previous directorships have included ASX and AIM listed Consolidated Minerals Ltd and Titan Resources Ltd. He is currently on the boards of United Kimberley Diamonds NL, Thundelara Exploration and is Chairman of Iron Ore Holdings Ltd.

Mr Randall holds a Bachelor of Applied Chemistry Degree from Melbourne, is a member of the Australian Institute of Company Directors and resides in Perth.

James Hudleston has resigned as Chairman to concentrate on developing oil and gas assets in the North Sea. Olympia Resources thanks Mr Hudleston for his assistance in developing the Company and progressing Olympia's mining projects over his time as Chairman.

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

Peter Gazzard
Managing Director
Olympia Resources Limited
www.olympiaresources.com


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