Keysbrook Project 82% Complete
Perth, Aug 24, 2015 AEST (ABN Newswire) - MZI Resources Ltd (
ASX:MZI) is pleased to provide the following update on progress at its flagship Keysbrook Project, 70 kilometres south of Perth in Western Australia.
Highlights:
- Project continues on schedule and on budget
- Majority of mechanical items now installed at both sites
- New mining fleet on site at Keysbrook
- Commissioning and first production on schedule for Q4 2015
- First sales targeted for Q1 2016
At the end of July 2015, the Project was on schedule for commissioning and first production in the final quarter of 2015 with overall progress at 82% complete.
The Project remains on budget.
At the Keysbrook site, most mechanical items have now been installed and the focus has moved to electrical and piping installation. The thickener was delivered in July as expected and is in the final stages of assembly.
MZI's new mining fleet has been busy with commissioning and early works activities since arriving in late July. The operation continues to ramp up, with the installation of workshops, the administration building, fuel farm and delivery of the weighbridge all achieved in July.
The Mining Feed Unit fabricated by Transmin arrived on site in August for assembly ahead of commissioning in the final quarter quarter of 2015.
Western Power completed the power line from Pinjarra to the Keysbrook mine site ahead of schedule and energisation of the line is due in September 2015.
At the Doral site at Picton, efforts have focussed on completing the majority of the construction of the remaining upper floors ahead of a major shutdown of the site in late August to enable the tie-in of most of the new plant to Doral's operating facility.
MZI's Managing Director, Trevor Matthews, said: "Passing the 80% completion mark on time and on budget further highlights MZI’s disciplined management of the development and construction schedule for the Keysbrook Project, which has established an excellent foundation from which to enter the commissioning and production phase in the upcoming quarter."
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.
To view the figures of the progress to date, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-MZI-730880.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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