Expanded L88 Agreement Signed With Major Customer
Perth, April 18, 2017 AEST (ABN Newswire) - MZI Resources Ltd (
ASX:MZI) refers to the ASX release made earlier today and is pleased to confirm that the Letter of Agreement in respect of the expanded L88 offtake agreement was executed with its major leucoxene customer The Chemours Company based in the United States of America.
To view the ASX release made earlier today, please visit:
http://www.abnnewswire.net/press/en/87918/MZI
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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