MZI announce 68% increase in global mineral resource
Published: Friday, 07 August 2015
Exploration by the Australian miner has brought the company’s resource levels to 155m tonnes across three sites, including 3m tonnes contained heavy minerals, indicating the potential to extend the project life beyond 30 years. However, the company is set to enter production at a time of pervasive weakness in TiO2 and feedstock markets.
ASX-listed MZI Resources Ltd has reported
a 68% increase in the mineral resource of its Western
Australian projects, to 155m tonnes from 92m tonnes.
MZI’s flagship Keysbrook deposit accounted for
11m tonnes of the increase, moving from 79m tonnes to 90.3m
tonnes, containing 2m tonnes, or 2.2%, heavy minerals