News: MZI Resources chairman acquires further shares

MZI Resources (ASX:MZI) chairman Malcolm Randall has increased his indirect interests, acquiring $20,761.24 worth of shares in on-market trade.

Indirect interests of Randall acquired 50,000 shares for $0.415 each, taking his total holding up to 450,000 shares.

He also holds 125,000 options exercisable at $1.60 expiring 31 December 2015, 125,000 options exercisable at $0.80 expiring 27 Jun 2017 and 43,750 options exercisable at $0.80 that expire on 30 October 2015.

MZI’s development activities at the Keysbrook Mineral Sands Project in Western Australia are progressing ahead of schedule.
The project was 44% complete at the end of March 2015, against a planned 43%.

Keysbrook 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.