MZI settles deferred payment and royalty with Stirling Resources

By Kasia Patel
Published: Thursday, 11 December 2014

The settlement on the deferred payment, which was due in 2015, and the termination of the royalty deed means that MZI can now fully focus on development at its Keysbrook mineral sands project, for which production of 96,000 tpa mineral sands is expected in 2015.

MZI Resources Ltd has reached a settlement with Stirling Resources Pty Ltd, Stirling Zircon Pty Ltd and DCM DECOmetal GmbH, reducing the company’s commitments regarding the deferred payment and royalty deed announced in September 2013.

The deferred payment refers to the $1m due by June 2015 and the 0.5%...

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