Mustang Resources (ASX:MUS) (OTCMKTS:GGPLF) is pleased to announce that bulk sample processing and exploration activities on its Montepuez Ruby Project, in Northern Mozambique are delivering increasingly strong results.
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) 121 Investor Presentation - An Emerging Miner and Explorer in Mozambique
Mustang Resources Ltd (ASX:MUS) (OTCMKTS:GGPLF) provides the Company's latest Investor Presentation.
Mustang Resources Ltd (ASX:MUS) (OTCMKTS:GGPLF) is pleased to announce it has completed the diamond drilling campaign which will underpin the concept study on its 80%-owned Caula Graphite Project in Mozambique.
Mustang Resources (ASX:MUS) (OTCMKTS:GGPLF) provides the following report on its activities for the three months to 31 December 2017.
Mustang Resources (ASX:MUS) (OTCMKTS:GGPLF) is pleased to announce the appointment of Dr. Bernard Olivier to the Board as Managing Director and Cobus van Wyk as Chief Operating Officer and Executive Director.
Mustang Resources Limited (ASX:MUS) (OTCMKTS:GGPLF) is pleased to advise that it has received the proceeds of the insurance claim relating to the rubies and corundum stolen in the robbery at its Montepuez Ruby Project in September 2017 (see ASX release dated 26 September 2017).
Mustang Resources Ltd (ASX:MUS) (FRA:GGY) (OTCMKTS:GGPLF) is pleased to announce that it has secured a A$19.95 million funding facility under a convertible note facility (Convertible Note Deed) with a leading US institutional investor.
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 (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.