Matilda Market Update
Matilda Zircon Limited (ASX: MZI) advise the Company has commenced discussions with significant Chinese mineral sands separating group Tricoastal Minerals (Holdings) Co. Ltd.
Discussions include investing into Matilda with an equity position and board representation, providing a loan facility for development together with an Offtake Agreement for all zircon and rutile concentrate production.
The Tricoastal Minerals Group consists of 7 mineral separating and milling plants as well as an office based in
Director Michael Kiernan commented the Tricoastal Group are well known to me and have demonstrated over time to be a strong and reliable purchaser of mineral sands from
“We are delighted at the prospect of Tricoastal becoming our partners in Matilda as this will underpin the
“Tricoastal are looking for stable and reliable suppliers with high quality mineral sand resources and with the excellent quality of the Tiwi zircon/rutile concentrate which was previously in strong demand from the Chinese markets our partnership will be important for both Groups,” he added.