In 2020, RZR acquired a mineral sands separation plant at the mouth of the Brisbane River, at Pinkenba, adjacent to the Port of Brisbane. The strategic value of this asset is the only MSP located on the east coast of Australia – significantly reducing capital cost and time to production.
The Pinkenba Mineral Separation Plant is a process plant for converting heavy mineral concentrate into high-quality final products utilising conventional electrostatic separation, gravity and magnetic fractionation.
The MSP was previously owned and operated by Consolidated Rutile Ltd and Sibelco to process Heavy Mineral Concentrate (HMC) from their mines on North Stradbroke Island. The mining operations were closed in 2019 and the MSP put on care and maintenance. The facility can process up to 400,000 tonnes of HMC per annum and has a long history of producing Premium Zircon, Premium Rutile, Leucoxene and Ilmenite.
In securing an established MSP, RZ Resources has achieved the key component to our business strategy —providing final products in Australia. The lease of the MSP has avoided significant capital expenditure and commissioning time and risk.