MZI Resources Ltd. Investor Presentation - Countdown to Cashflow
13.10.2015 | ABN Newswire
Sydney, Australia (ABN Newswire) - MZI Resources Ltd. (ASX:MZI) are pleased to provide a Company Investor Presentation for October 2015, titled; "Countdown to Cashflow".Summary: MZI a rare gem in today's resources sector
- Keysbrook project is fully funded, fully permitted and nearing the end of construction - 92.5% complete at end September, tracking on budget and ahead of schedule
- Commissioning and production in Q4 2015, first sales Q1 2016
- Low cost: ~$355/tonne forecast cash operating cost in first full year, competitive with major producers
- High margin: ~50% forecast EBITDA margin even at recent spot prices and FX
- First full year forecast EBITDA of $39.9m at recent spot prices and FX
- Positive price/demand outlook for Keysbrook-type products
- Focused on higher-value end of mineral sands market: Zircon, Leucoxene88, Leucoxene70
- Five year binding sales contracts for 85% of annual production with blue chip customers (Chemours and Tricoastal/Wensheng)
- Long life asset with significant growth/expansion potential
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-MZI-736998.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.
T: +61-8-9328-9800
F: +61-8-9328-9911
www.mzi.com.au