Mustang Resources Limited (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.

The Company is also pleased to announce the release of an updated presentation titled "An Emerging Gemstone Miner in Mozambique".

Overview: Mustang Poised For Rapid Growth

- Market Cap ~ A$41M - one of only 2 listed ruby miners in the world

- Flagship Montepuez Project located next to London-listed Gemfields Plc. (LON:GEM) (AIM:GEM Market cap: A$433m)

- Multiple ruby deposits identified in 195sqkm land package

- Aggressive drilling campaign to build inventory & JORC Resource in H2 2017

- Throughput rates now ramping up to three times previous rate following successful plant relocation

- First commercial parcel of rubies totalling 6,221cts sent to USA in January 2017

o Aim to establish market values and customer relationships

- Mustang on track for first sales revenue in Q2 2017

- Agreement to acquire a 65% interest in adjacent ruby licence where artisanals are mining gem-quality rubies from a shallow deposit 3km SE from existing plant

- Additional upside from Balama Graphite Project, located in world-class graphite province

Summary: Key Investment Takeaways

- Premier ruby project in a world-class gemstone province

- Management team with in country experience & "skin in the game"

- First sales revenue expected Q2 2017, plus maiden JORC resource in H2 2017

- Outstanding exploration upside and growth potential

- Acquiring adjacent licence where local miners are recovering large gem-quality stones from a shallow deposit, complementary to growing bulk sampling program

- Heavily oversubscribed February placement to a select group of new and existing institutions and sophisticated investors to raise $5.88 million

- Additional upside from low cost graphite project in world-class district

To view the full presentation, please visit:
http://abnnewswire.net/lnk/7EPL2B5O


About 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. First rough ruby sales are scheduled for October 2017 under a closed bid tender of an estimated 200,000 cts gem quality rubies.

Visit the Mustang website at http://www.mustangresources.com.au for more information.

  

Contact

Managing Director:
Christiaan Jordaan
E: info@mustangresources.com.au
T: +61-2-9239-3119

Media & Investor Relations:
Paul Armstrong
E: paul@readcorporate.com.au
T: +61-8-9388-1474



Link: Investor Presentation - March 2017



Related Companies

Mustang Resources Ltd
  

Gemfields PLC
  


Related Industry Topics:
Mining Graphite