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MZI Resources managing director Trevor Matthews said the project was solid despite price pressures.

Longer life at MZI's Keysbrook

The Keysbrook mineral sands mine has had its lifespan almost trebled after a sharp increase in ore reserves, miner MZI Resources said today.

Reserves now measure 72 million tonnes, giving the operation a 16-year mine life, although the company predicts further extensions as it undertakes drilling.

Keysbrook is located about 70 kilometres south of Perth, just south of Serpentine.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/11/16

1 year TSR5 year TSR
340thSamson Oil & Gas26%-43%
354thRand Mining24%33%
607thMZI Resources-25%-6%
686thKingsrose Mining-46%-40%
710thExcelsior Gold-55%-25%
773 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

29/01/16
$4k Bought
01/12/15
$0 Issued
01/12/15
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

42nd↑Kingsrose Mining$33.6m
43rd↑Rand Mining$32.1m
44th↑MZI Resources$31.5m
45th↑Samson Oil & Gas$27.8m
46th↑Excelsior Gold$23.1m
504 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from MZI Resources

117thMike Ferraro$814k
133rdJohn Westdorp$770k
979thStephen Ward$163k
Ranked by total remuneration from all listed WA companies

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