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MZI Resources Strengthens Board

MZI Resources (ASX:MZI) has appointed mineral sands executive Dr Stephen Ward as an independent non-executive director with effect from 1st March 2015.

He has over 30 years' global industry experience in mineral sands and related products with producers including Iluka Resources, Consolidated Rutile and Bemax.

Ward also has experience with global titanium pigment producers Tioxide (now Huntsman Pigments) and Cristal and has an extensive mining and mineral processing background, with a proven record of managing the critical transition from development to production whilst delivering successful outcomes and creating shareholder value

He has held board and senior executive roles in Europe, the U.S., Malaysia and Australia, giving him extensive corporate, technical, operational and sales skills within the space that will further strengthen the MZI board as development at Keysbrook commences.

In addition, Peter Gazzard will step down as the company's technical director with effect from 1st March 2015 and will remain part of the executive management team as its chief operating officer.

Gazzard has been an executive director since March 2005 and has been instrumental in developing the technical and operational aspects of the Keysbrook Project to enable the recent completion of funding and commencement of project development.

The MZI Board now has a majority of non-executive directors with half of the board members classified as independent. It plans to appoint additional independent non-executive directors in the near future.

Keysbrook Minerals Sands Project

The Keysbrook Mineral Sands Project is forecast to produce on average, 96,000 tonnes per annum of mineral sands products comprising:

- 28,800 tpa (dry) of L70;
- 38,400 tpa (dry) of L88; and
- 29,000 tpa (dry) of zircon concentrate.

Heavy mineral concentrate will be trucked about 120 kilometres to Doral Mineral Sands' mineral separation plant, which is just 10 kilometres from the Bunbury Port, for toll treatment.

Construction started earlier this month with the heavy minerals concentrator and associated infrastructure expected to be completed and in production during the December quarter this year.

In addition, GR Engineering have mobilised its construction team to the Picton plant site owned by Doral Mineral Sands Pty Ltd to commence the expansion and upgrade of the Doral mineral separation plant.

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