Jan 21 (Reuters) - MZI Resources Ltd MZI.AX :
* DECIDED TO INITIATE PROCESS TO EXPLORE A SALE OR OTHER ALTERNATIVE TRANSACTION IN KEYSBROOK MINERALS SANDS ASSETS
* BOTH LENDERS HAVE INDICATED SUPPORT FOR ANY POTENTIAL SALE OR OTHER TRANSACTION TO BE CONDUCTED ON A "GOING CONCERN" BASIS
* REACHED IN-PRINCIPLE AGREEMENT WITH RESOURCE CAPITAL FUND VI L.P. ON TERMS OF SHORT-TERM FUNDING PACKAGE &OTHER FINANCIAL ACCOMMODATION
* RCF INDICATED IT WOULD CONSIDER RESTRUCTURE OF THEIR EXISTING DEBT OBLIGATIONS TO ALLOW A GOING CONCERN SALE OR TRANSACTION TO OCCUR