Mustang Resources Ltd (ASX:MUS) (FRA:GGY) is pleased to announce that its gem-ruby inventory has grown to 63,989cts with strong receipts from prospecting teams and processing from the Alpha deposit in the first three weeks of March.
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 four licences covering 19,500 hectares adjacent to the world’s largest ruby deposit discovered by Gemfields PLC (LON:GEM) in 2012. Since supply of rubies from sources outside Mozambique has become fractured and unreliable, Mustang stands to capitalise on the current demand around the world for ethically produced rubies by becoming a reliable, consistent supplier of high-quality rubies.
The Company is fast-tracking its work program on the Montepuez Ruby Project with high priority targets being identified and low-cost bulk sampling well underway. Mustang also holds interests in seven graphite licences in the Balama area of Mozambique, where it has discovered a Tier-1 high-grade flake graphite deposit at its Caula Project.
Visit the Mustang website at http://www.mustangresources.com.au for more information.
Mustang Resources Ltd (ASX:MUS) (FRA:GGY) is one of only two listed ruby miners in the world and is developing its flagship Montepuez Ruby Project in Mozambique. Mustang has identified multiple ruby deposits on its 195sqkm land package, where it is conducting an aggressive drilling campaign to calculate a JORC Resource in the second half of this calendar year.
Mustang Resources Ltd (ASX:MUS) is pleased to provide the Company's latest Investor Presentation.
This half-year report covers the consolidated entity consisting of Mustang Resources Limited (ASX:MUS) (OTCMKTS:GGPLF) and the entities it controlled during the half-year ended 31 December 2016.
Mustang Resources (ASX:MUS) (OTCMKTS:GGPLF) is pleased to announce that it is set to export the second commercial parcel of gem-quality rubies from its Montepuez Project in Mozambique in a move which is expected to significantly increase the Company's sales revenue in 2017.
Mustang Resources Ltd (ASX:MUS) Spectacular High Grade Graphite Discovery at Caula Project in Mozambique
Mustang Resources Ltd (ASX:MUS) is pleased to announce that it has made a spectacular high-grade graphite discovery at its 80% owned Caula Project (License 6678L) along geological strike of the Syrah Resources (ASX:SYR) world-class Balama graphite project in Mozambique.
Mustang Resources Ltd (ASX:MUS) is pleased to announce the issuance of a research report compiled by New York-based consulting firm, RB Milestone Group LLC ("RBMG"), for distribution to its North American investor network.
Mustang Resources Ltd (ASX:MUS) is pleased to announce that Managing Director, Christiaan Jordaan, will be undertaking a series of investor meetings in North America between 1 and 8 March 2017 to introduce the Company's Montepuez Ruby Project to sophisticated and institutional investors.
Mustang Resources Ltd (ASX:MUS) Acquires Highly Prospective Adjacent Ruby License Next to Gemfields (LON:GEM)
Mustang Resources Ltd (ASX:MUS) is pleased to announce that it has agreed to acquire a 65 per cent interest in a new highly strategic ruby license (License 8245L) which borders its existing Montepuez Ruby Project in Mozambique.
Mustang Resources Ltd (ASX:MUS) is pleased to announce that Baker Young Stockbrokers has released an updated research report on the Montepuez Ruby Project and the Balama Graphite Project which Mustang is developing in Northern Mozambique.