Mustang Resources Ltd (ASX:MUS) is pleased to announce that further metallurgical testwork on Oxide and Fresh samples taken from its 80% owned Caula Project (Licence 6678L) has provided more firm evidence of the quality of the mineralisation.
Mustang Resources Ltd
Listed on the Australian Securities Exchange, Mustang Resources Limited (ASX:MUS) (FRA:GGY) is an emerging gemstone developer and producer focused on the near-term development of the highly prospective Montepuez Ruby Project in northern Mozambique.
The Montepuez Ruby Project consists of three licences and now one mining concession covering 19,300 hectares directly adjacent to the world’s largest ruby deposit discovered by Gemfields PLC in 2012. Since supply of rubies from sources outside Mozambique has become fractured and unreliable, Mustang stands to capitalise on the current high demand around the world for ethically produced rubies by becoming a reliable, consistent supplier of high-quality rubies.
The Company is currently fast-tracking its work program on the Montepuez Ruby Project with extensive secondary deposits discovered and low-cost bulk sampling well underway. First rough ruby sales are scheduled for 27 to 30 October 2017 in Port Louis, Republic of Mauritius under a closed bid tender of more than 350,000 cts gem quality rubies.
Visit the Mustang website at http://www.mustangresources.com.au for more information.
Mustang Resources Ltd (ASX:MUS) (OTCMKTS:GGPLF) The Montepuez Ruby Project in Mozambique, although still very much in the exploration stage, made significant advances during the year.
Mustang Resources Limited (ASX:MUS) (OTCMKTS:GGPLF) has conducted an internal review of its recent first ruby auction and an assessment of its commercial and exploration strategy.
Mustang Resources (ASX:MUS) (OTCMKTS:GGPLF) announces that Christiaan Jordaan has resigned as Managing Director, effective today. He remains as a Non-Executive Director of the Company.
Further to the announcement last week on the tender results, Mustang Resources Ltd (ASX:MUS) (OTCMKTS:GGPLF) wishes to confirm that it is currently undertaking a detailed assessment of the market intelligence gathered from the first tender concluded Monday last week.
Mustang Resources Ltd (ASX:MUS) Maiden Inferred Mineral Resource Estimate Completed for Caula Graphite Project
Mustang Resources Ltd (ASX:MUS) (OTCMKTS:GGPLF) is pleased to announce its maiden JORC Compliant Mineral Inferred Resource estimate for the Caula Graphite Deposit (Licence 6678L).
As foreshadowed in previous announcements to the market, Mustang Resources Limited (ASX:MUS) (OTCMKTS:GGPLF) confirms that it has completed its inaugural ruby tender, which was held between 27 and 30 October 2017 in Port Louis, Mauritius. The tender results were received by the Company at 8pm AEDT on Monday 30 October 2017.
Mustang Resources Ltd (ASX:MUS) (OTCMKTS:GGPLF) provides the Company's Quarterly Activities Report.
Mustang Resources (ASX:MUS) (OTCMKTS:GGPLF) is pleased to announce that it will take a total of 405,000 carats to its maiden rough ruby tender later this week - more than double the 200,000 carats it initially targeted when setting the sale date.
Mustang Resources Ltd (ASX:MUS) (OTCMKTS:GGPLF) provides the Company's latest presentation at Australian Microcap Investment Conference.