Australian Zircon NL is a publicly listed company on the Australian Stock Exchange Limited (ASX Code: AZC). The Company's prime asset is the 100 percent owned and managed Mindarie Zircon Mine, located 148km east of Adelaide, South Australia. This is principally a zircon mine which will also produce ilmenite, rutile and leucoxene. Approximately 60% of Project revenue is forecast to be derived from zircon sales. The Company holds an exploration tenement portfolio covering approximately 16,000 km² within the Murray Basin. Capital invested in the project to date is approximately $75 million.