McGrathNicol appointed to save MZI

JUST three years after it waved off its first shipment from its Keysbrook mine in southern Western Australia, MZI Resources has been placed into administration by its secured debt holder secured financier, RMB Australia, which is clearly concerned about recovering its investment.

McGrathNicol appointed to save MZI McGrathNicol appointed to save MZI McGrathNicol appointed to save MZI McGrathNicol appointed to save MZI McGrathNicol appointed to save MZI

Keysbrook is for sale.

McGrathNicol's Rob Kirman, Rob Brauer and Jason Preston have been called in to run the company, but only the debt-laden ASX-listed parent entity.