MZI Resources Ltd Flagship Keysbrook Minerals Sands Project 74% Complete

Perth, Australia (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.

At the end of June 2015 the Project was on schedule for commissioning and first production with overall progress at 74% complete.

The Project remains on budget.

At the Keysbrook site, construction activities have moved to be predominantly focussed on the wet concentrator plant (WCP). The facility is well advanced, with the third level now accessible and the installation of the spiral banks that will separate the heavy mineral from the sand underway. Following the arrival of the thickener in early July, all equipment is now onsite and will be installed over the next few months.

Delivery of MZI's new mining fleet has commenced, with all mining equipment due on site this week. In addition, the majority of MZI's mining operators have now commenced and are currently undergoing inductions and training.

MZI plans to commission the new mining fleet and train the mobile equipment operators whilst undertaking mine development activities ahead of the commencement of full scale mining operations in November.

At the Doral site at Picton, all mechanical items have now been installed and all equipment is on site awaiting construction. Importantly, having all equipment now on site at both plants means there is no longer any long-lead time equipment risk in the project schedule.

MZI's Managing Director, Trevor Matthews, said: "We have entered a busy period for the project and it is great to see the construction and operations teams working together towards project completion and the commencement of operations."

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 diagrams, please visit:
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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. It has an advanced project at Keysbrook, Western Australia.

The Keysbrook project, located 70kms from Perth, Western Australia, is an advanced zircon / leucoxene rich mineral sands project. It has been granted all environmental, development and extractive industry license approvals from the relevant statutory authorities and Shires. Construction commenced early in 2015.



Contact:

MZI Resources Ltd.
Trevor Matthews, Managing Director
T: +61 8 9328 9800