Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

MZI Resources Attracts ASX Price And Volume Query

MZI Resources (ASX:MZI) said it could not offer any new explanation for the rise in share price from $0.012 on 30 August to an intra day high of $0.022 on 12 September.

However, it pointed to positive recent disclosures on progress in raising debt and equity financing for the Keysbrook mineral sands project development and expectation of a decision on the award of the Keysbrook construction contract.

MZI is in discussions concerning a larger funding package to underpin development of Keysbrook.

In June, MZI executed a Port Services agreement with the Bunbury Port Authority and finalised a sales agreement with DuPont Titanium Technologies in April for 100% of Keysbrook Project L70 product.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.