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Mustang Resources Limited (ASX:MUS) (OTCMKTS:GGPLF) is pleased to announce the issuance of an updated research report compiled by Independent Investment Research ("IIR") for distribution to their network. This follows a site visit by the IIR analyst to the Montepuez Ruby Project at the end of June 2017.

To view the full copy of the report, please visit:
http://abnnewswire.net/lnk/Y96L3F6F


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: Updated Research Report by Independent Investment Research



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Mustang Resources Ltd
  


Related Industry Topics:
Materials General Mining Graphite Gemstones

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