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Company Announcement: MZI signs Sales Agreement with DuPont

24th April 2013

By: Creamer Media Reporter

  

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MZI Resources Ltd  (0.45 MB)

MZI Resources Ltd (MZI) is pleased to announce it has executed a sales agreement with DuPont Titanium Technologies, a business of DuPont, covering all of the leucoxene 70% titanium dioxide (TiO2) (L70) planned production from its Keybsrook Mineral Sands Project in Western Australia. The agreement is for an initial term of five years with options to extend the contract. MZI Chief Executive Trevor Matthews said the sales agreement with DuPont marked another important step along the path to development of Keysbrook. “Having DuPont, the world’s largest titanium dioxide pigment producer and a blue-chip company, enter into a sales agreement of this nature is a clear indication of the value of the Keysbrook Project and its products,” Mr Matthews said. “This agreement, the first to be signed for the Keysbrook Project, represents almost 30 per cent of our planned annual production by volume and considerably de-risks the project.” MZI is in advanced discussions with other potential customers with respect to the Project’s planned L88 and zircon concentrate products.
 

Edited by Creamer Media Reporter

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