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 operating mine at Keysbrook, located 70km due south of Perth in Western Australia. At Keysbrook, ancient sand dunes are converted into Heavy Mineral Concentrate (HMC) by processing through a Wet Concentrator Plant. The HMC is then transported by road to Picton near the Bunbury Port in WA where it is processed into final products under a toll treating arrangement at a Mineral Separation Plant (MSP) which is operated by Doral. The Keysbrook mine hosts a unique leucoxene / zircon orebody and production commenced in late 2015, making Keysbrook WA’s first - and the world’s foremost - primary producer of high value leucoxene. MZI also has a proven record as a successful mineral sands explorer and producer in the Tiwi Islands in the Northern Territory. Mining at Lethbridge South was completed in 2014 and is in the rehabilitation phase. Mining at the adjacent Lethbridge West deposit ceased in 2010 and has been rehabilitated to its pre-mined state. MZI’s exploration success at Kilimiraka, located in the South East corner of Bathurst Island on the Tiwis, has identified a substantial inferred resource of over 890,000 tonnes of Heavy Mineral Concentrate. Subject to gaining the necessary approvals, this project has the potential for a long mine life. The Company has commenced the approvals process for Kilimiraka, having submitted a Notice of Intent to the Northern Territory Government and is currently undertaking relevant environmental and feasibility study work. MZI’s strategy is to be a specialised supplier of high grade mineral sands products to the nearby Chinese and other world markets. The company is focused on zircon, rutile and leucoxene due to their high relative value and strong long-term demand fundamentals. Zircon is primarily used to produce ceramic and porcelain products with demand driven by global urbanisation trends, particularly in countries such as China and India. Rutile and leucoxene are used to produce titanium pigment for paint and plastics as well as titanium metal and flux for welding electrodes.