News: MZI Resources' substantial shareholder RCF VI moves to 30.2%, page-5

Summary: MZI a rare gem in today’s resources sector
 Keysbrook project is fully funded, fully permitted and nearing the end of construction – 92.5% complete at end September, tracking on budget and ahead of schedule
 Commissioning and production in Q4 2015, first sales Q1 2016
 Low cost: ~$355/tonne forecast cash operating cost in first full year, competitive with major producers*
 High margin: ~50% forecast EBITDA margin even at recent spot prices and FX*
 First full year forecast EBITDA of $39.9m at recent spot prices and FX*
 Positive price/demand outlook for Keysbrook-type products
 Focused on higher-value end of mineral sands market: Zircon, Leucoxene88, Leucoxene70
 Five year binding sales contracts for 85% of annual production with blue chip customers (Chemours and Tricoastal/Wensheng)
 Long life asset with significant growth/expansion potential