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MZI Resources Ltd's Keysbrook Mineral Sands Project Officially Opened

MZI Resources Ltd (ASX:MZI) today will have its official opening of the flagship Keysbrook Mineral Sands Project by the Honourable Tony Simpson, MLA for Darling Range, and Western Australia's Minister for Local Government; Community Services; Seniors and Volunteering; Youth.

Keysbrook is located 70 kilometres south of Perth.

The official opening follows the successful commencement of operations at the $75 million project in October 2015, and the commencement of mineral sands product sales in December 2015.

Of the local workforce, 90% live within 30 minutes of the site.

Trevor Matthews, managing director for MZI, commented:

"Today's official opening of the Keysbrook Project is a tremendous milestone not just for MZI and all those who have worked tirelessly to bring it to fruition, but also for the broader Peel region and WA."

Keysbrook is a high-margin long-life project with strong growth potential, while being WA's first, and the world's biggest, primary producer of Leucoxene

Importance of Keysbrook to Peel Region

Keysbrook represents one of the largest new project developments in the Peel Region in recent years, and is designed to produce over 95,000 tonnes of high value mineral sands products annually for export to global customers.

Around $40 million spent annually for labour, supplies and services, predominantly within WA, with substantial participation by locally based contractors and suppliers, including local steel fabrication.

The company is also a major supporter of local community initiatives, including $50,000pa in direct funding for distribution through the Keysbrook Community Consultative Group.

Matthews added: "With total Ore Reserves equivalent to over 15 years of production, we look forward to Keysbrook being a major contributor to the Peel region for many years to come."

Keysbrook is also a sustainable business with a light environmental footprint.

Ore processing is chemical free and involves sluicing, screening and gravity separation of naturally occurring sands to produce heavy mineral concentrate which then undergoes simple electrostatic and magnetic separation at a facility near Bunbury to produce the final zircon and leucoxene products.

There is no waste, with over 85% of all process water recycled, and more than 97% of extracted material returned to the mined area, following which the land is progressively rehabilitated to its pre-mining state.

The first phase of rehabilitation work has commenced on the initial pre-mining void, which has been backfilled.

Typically, rehabilitated land will be available for grazing within 2 - 3 growing seasons.

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