Keysbrook Achieves Saleable Product Milestone
Perth, Nov 6, 2015 AEST (ABN Newswire) - MZI Resources Ltd (
ASX:MZI) is pleased to announce that it has produced its first batch of L88, L70 and Zircon Concentrate from the Doral Mineral Separation Plant ( MSP) at Picton.
Highlights:
- Production of saleable products achieved at Picton Mineral Separation Plant
- L88, L70 and zircon concentrate production achieved one month ahead of schedule
- Targeting full production in the December quarter
- First sales targeted for December 2015
Following the commencement of Heavy Mineral Concentrate (HMC) production at the Keysbrook mine site last week, first HMC has now been processed through the MSP at Picton on a trial basis to produce initial quantities of L88, L70 and Zircon Concentrate.
First production has been achieved one month ahead of the original project schedule and the project remains on budget. The Company now aims to achieve full production during the current quarter and is targeting first sales to customers by December 2015, ahead of the original early 2016 target date.
MZI Managing Director Trevor Matthews said "Achieving the milestone of first production heralds MZI's emergence as a producer of high quality mineral sands products. The Keysbrook Project continues to perform above expectations as we ramp up to full production and commence sales."
Commissioning activities are now well underway and ahead of schedule at both the Keysbrook Wet Concentrator Plant and Picton MSP.
The following page has images from the processing of Keysbrook HMC and final products.
To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-MZI-741409.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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