MZI Resources Ltd.: Half Year Accounts
14.03.2016 | ABN Newswire
Melbourne, Australia - 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 producer focused on the high value minerals of zircon and leucoxene, and owns the newly commissioned Keysbrook Mineral Sands Mine, 70 km south of Perth in Western Australia.
Development of Keysbrook was completed ahead of schedule and within budget in October 2015, and completed its first shipment of zircon concentrate in December 2015. Keysbrook is designed to produce approximately 96,000 tonnes of zircon concentrate and leucoxene annually, with over 85% of all planned production committed under offtake contracts with blue chip international customers.
Contact:
MZI Resources Ltd.
T: +61 8 9328 9800
E: admin@mzi.com.au
www.mzi.com.au