MZI Resources Ltd. announced that it has signed a Letter of Agreement (LoA) with its major leucoxene customer to provide significant additional volumes of its premium L88 product over the next three years. Under the expanded offtake agreement, the customer has committed to purchase an additional 50,000 tonnes of L88 spread over the next three years. This is in addition to the customer's existing annual commitment to purchase 25,000 tonnes of L88 from MZI under the company's standing offtake agreement. The new agreement comes into effect retrospectively from the start of March 2017. Under the LoA, the customer will purchase an additional 20,000t of L88 over the next 12 months, and an additional 15,000t in each of the following two years. Pricing will reflect prevailing market prices at the time of delivery.