ASX-listed MZI Resources expected to report “significantly” improved production and sales revenue in the June quarter, as its flagship Keysbrook mineral sands project, in Western Australia, continued to perform, MD Trevor Matthews reported on Wednesday.
The company, which started production at Keysbrook in October last year, said it was on the cusp of starting L88 [leucoxene 88% TiO2] sales and was advancing its first major shipment of the product. The maiden shipment of 6 825 t of L70 [leucoxene 70% TiO2] was completed in March.
Smaller shipments of zircon concentrate, which started in December, had continued on a regular basis and now exceeded 6 400 t, MZI reported.
The heavy mineral concentrate from the wet concentration plant at Keysbrook had increased to about 90% of design capacity, compared with the average for the March quarter of 70% of design. The increase related mainly to L88 production.
The company also reported that initial signs from modifications to improve throughput and L88 production at Doral’s mineral separation plant at Picton, 120 km away, had also been positive.
“At this very early stage of Keysbrook’s operational life, we are very encouraged by the rate at which production continues to ramp up towards design,” Matthews said.
Source: Mining Weekly
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