News: MZI Resources' substantial shareholder RCF VI moves to 30.2%

MZI Resources (ASX:MZI) has received a change of interests from substantial shareholder Resource Capital Fund VI L.P (RCF VI), which has moved to 30.2% from 25.3%.

MZI will soon begin production from the Keysbrook mineral sands project located 70 kilometres from Perth.

Keysbrook is a high margin long life project with growth potential.

Construction is nearing completion, on time and budget, which is a testament to managing director Trevor Matthews, management team and staff.

The project has a 155 million tonnes global resource which includes ore reserves of 26 million tonnes.

It also has low slimes, and contains a high value product mix of leucoxene (L88 and L70) and zircon concentrate.

Already locked are offtake agreements for 85% of production under five year sale agreements with Chemours and Tricoastal-Wensheng.