MZI Resources Ltd
(ASX:MZI) has secured funding to extend its flagship Keysbrook mineral sands operations, in Western Australia.
The mineral sands company inked a deal for US$5 million in debt financing from its major shareholder, Resource Capital Fund VI L.P (RCF).
The company says the funding will allow MZI Resources to extend land access at Keysbrook mine, which is 70 kilometres south of Perth.
MZI resources says the debt financing was secured at market competitive terms and conditions.
Shares in MZI Resources Ltd
(ASX:MZI) is trading flat to 20 cents.