MZI Resources : MD and CEO Presentation AGM

MZI Resources

• • What we do -

• • ASX listed mineral sands producer (ASX: MZI).

• • Unique Enterprise -

  •  Primary producer of high value leucoxene and zircon products.

  •  Semi rural location (70km from Perth).

  •  Pioneering methods and technology.

  •  Established market demand.

Keysbrook

Project Summary

• • Project pegged in 2000 and production started in November 2015.

• • Two year, two stage commissioning process. Mineral

  Sands Projects typically take between 2-5 years to achieve target performance.

• • Pre-upgrade nominal capacity ~ 4.0Mtpa.

• • Modified plant and processes have lifted "Steady State" production rate to 5.25Mtpa.

• • Analytics from stable operations (July 2018 onwards) unlocking new value initiatives across the operation.

ASX: MZI | PAGE 3

Board & Senior Management

Martin Purvis Managing Director	Rodney Baxter Independent Chairman	Maree Arnason Non-Exec Director	Ronald Beevor Non-Exec Director	Nathan Wong Non-Exec Director	Albert Zhou Non-Exec Director
John Westdorp Chief Financial Officer	Neil Graham Head of Operations	John Traicos Legal Manager & Company Secretary	Graham O'Grady General Manager Marketing	Jordeana Cain External Affairs Manager	Piers Goodman Manager Environment & Compliance

Key Metrics

Key Information (as at 31 Oct 2018)
Shares on Issue	268,035,899
Share Price	A$0.08
Market Cap	A$22.0 M
Total Debt *	A$166.3 M
Enterprise Value	A$182.1 M

* Initial debt to start Project (Sept 2015) - A$120m

Reserves & Resources (as at 30 Jun 2018)
Resources	139 Mt
Reserves	58 Mt

Top Shareholders (as at 31 Oct 2018)	% SOI
Resource Capital Funds	55.83
Rich Mark	8.89
Accent Resources	3.73
MZI KMP	1.48
Top 20 Shareholders	81.20
Total No. of Shareholders	1,791
Last Equity Raising	Feb 2016

Employees
Employees	Contractors
KLPL	82	45
MZI	8	1
Total	90	46