A ZrSiO4/B2O3/Mg/C system was used to synthesize a ZrB2-based composite through a high-energy ball milling process. As a result of the milling process, a mechanically induced self-sustaining reaction (MSR) was achieved in this system. A composite powder of ZrB2-SiC-ZrC was prepared in situ by a magnesiothermic reduction with an ignition time of approximately 6min. The mechanism for the formation of the product was investigated by studying the relevant subreactions, the stoichiometric amount of B2O3, and thermal analysis.