Australian Zircon NL (Australian Zircon) is an Australia-based mining company. The Company is focused on the WIM150 Mineral Sands Project (WIMI project) in western Victoria. Australian Zircon has 80% interest in the WIMI project. The WIM150 site is located in the Wimmera region of western Victoria. The total area for mining is approximately 3,500 hectares (ha). The Project consists of a wet concentrator and mineral separation plant. It produces zircon, which has applications in domestic products and industrial manufacturing process, and titanium products, which has applications in paints, plastics, paper, inks and fibers. The Project contains an estimated 1.6 billion tons of 2012 Joint Ore Reserves Committee (JORC) compliant inferred, indicated and measured resources. It has 552 million tons of probable and proved reserves at 4.3% heavy material (HM).