MZI says Keysbrook cash positive

Company News

by Lee Brooks

MZI Resources Limited (ASX:MZI) says it has just achieved positive cashflow at its Keysbrook Mineral Sands Project and it expects to remain cashflow positive at current production and pricing.

Keysbrooks is a world class orebody expected to last decades and produce high value leucoxene and zircon.

Scheduled plant upgrades are expected to further increase production and high demand and improved pricing are also expected to add to the bottom line.

MZI will also begin planning for the future expansion of its flagship asset.

MZI reported a net loss of $2.97 million to end December 2015.

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