MZI Resources (ASX:MZI) chairman Malcolm Randall has increased...

MZI Resources (ASX:MZI) chairman Malcolm Randall has increased his indirect interests, acquiring $20,055 worth of shares in on-market trade.

Indirect interests of Randall acquired 50,000 shares at an average price of $0.401 each, increasing his total holding up to 500,000 shares.

Development of Keysbrook Mineral Sands Project in Western Australia was 44% complete at the end of March 2015, against a planned 43%.

The project is on track to commence commissioning in November 2015 with first sales scheduled for early 2016, producing over 95,000 tonnes of leucoxene and zircon products annually.

All long lead time equipment on order and on schedule.

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