For those that haven't read the MZI ann, here's the first part - so main highlights - but read the whole thing on the MZI thread by clicking the announcment.
It's a top shelf announcement. Mining starts next month with offtake agreement in place. Product sold!
MATILDA SET FOR FIRST PRODUCTION Highlights Off-take agreement signed with Hong Kong based Tricoastal Minerals Mining, shipping and barging contracts secured, with work commenced Camp currently being relocated to new mining location New processing equipment completed and being mobilised to site First mining expected in early June High grade mineral sands developer Matilda Zircon (ASX: MZI) is pleased to advise it has all approvals and service contracts in place to commence operations at its Tiwi Island Zircon Project, where it is expecting to start mining within a month. Matilda is aiming to produce about 40,000 tonnes of high grade zircon / rutile concentrate from the Tiwi project in 2010, with mining expected to commence early June 2010, and first shipment to China expected in late July. The Company has signed an off-take agreement with project partner Tricoastal Minerals (Holdings) Limited. Based in Hong Kong, Tricoastal manages one of the largest mineral separation capacities in China (250,000 tonnes) and has a comprehensive sales network throughout China. The agreement was signed during a recent Matilda meeting with Northern Territory Minister for Resources, Kon Vatskalis. As part of the agreement, Tricoastal will market 100% of production from the Tiwi Project. Matilda is also pleased to confirm it has secured all key contracts for a restart of operations, including agreements for mining, shipping, barging and power.
