MZI Resources Ltd. - Keysbrook Achieves Saleable Product Milestone
05.11.2015 | ABN Newswire
Perth, Australia (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. 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
Media Enquiries
Whitney Fitzsimmons Market Eye - Director Media & Communications
T: +61 448 285 646
