Half Year Accounts
Melbourne, Mar 10, 2016 AEST (ABN Newswire) - MZI Resources Ltd (
ASX:MZI) are pleased to provide the Half Year Accounts for the year ended 31 December 2015.
The following significant achievements occurred during the half-year:
- Construction of the Keysbrook project was completed and operations commenced ahead of schedule and within budget;
- First saleable zircon and leucoxene was produced at the Picton Mineral Separation Plant ("MSP");
- First shipment of zircon concentrate was exported to China in late December; and
- Capital structure significantly simplified through a $43 million capital raising to repay the Resource Capital Fund VI L.P. Bridge facilities.
To view the full Half Year Accounts, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-MZI-755775.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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