THE BOURSE WHISPERER: MZI Resources (ASX:MZI) announced the Wet Concentrator Plant (WCP) at it’s the company’s Keysbrook project, located 70 kilometres south of Perth, has exceeded nameplate throughput capacity over five consecutive days.
By doing so the plant has satisfied the requirements of the performance test component needed for WCP commissioning.
Operational responsibility for the WCP plant contractor has now been formally handed over to MZI’s Keysbrook operations team.
MZI said it had reached nameplate capacity approximately one month after WCP commissioning commenced in late October 2015.
The company is now completing the commissioning and ramp-up of the Keysbrook project to full commercial production.
“The rapid ramp-up of the Keysbrook WCP to nameplate capacity in less than a month is testament to the diligent and disciplined approach to construction and commissioning adopted by our Keysbrook team and the lead contractor GR Engineering from day one,” MZI Resources managing director Trevor Matthews said in the company’s announcement to the Australian Securities Exchange.
“With commissioning of the MFU and Picton facilities in progress, we are well on track to complete our ramp-up to full production during December, further extending MZI’s excellent record of meeting key milestones on budget and ahead of schedule.”
MZI said it had achieved production of the first saleable leucoxene and zircon products from the Picton MSP in early November on a trial basis, ahead of schedule and within budget.
The Company is now targeting first product sales in December 2015, which is well ahead of its previously stated sales target of early 2016.
Keysbrook is designed to produce approximately 96,000 dry tonnes of leucoxene products and zircon concentrate annually.