Mustang Resources is pleased to announce that its ruby inventory at the Montepuez project in Mozambique continues to grow, reaching 147,052 carats. Highlights - Ruby inventory hits 147,000cts - on track to reach 200,000cts target in time for planned October 2017 auction - Plant working at full capacity of ~1,500tpd with consistent daily recoveries of high-quality rubies totalling up to 760cts/day - Mustang's inaugural [...]
Mustang Resources provides the Company's latest Corporate Presentation at Diggers and Dealers Mining Forum. Overview: Mustang Poised For Rapid Growth - Market Cap: ~A$27million only listed ruby miner in the world - Flagship Montepuez Project located next to Gemfields o GEM: US$280million of rough ruby sales from 8 auctions since June 2014 - Multiple ruby deposits identified in 193km2 land package - Throughput rates [...]
Mustang Resources 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 [...]
Mustang Resources is pleased to provide the report on its activities during the June Quarter 2017. Mustang firmly on track for first sale of 200,000cts in October, with inventory reaching 120,000cts at Quarter-end. 71% increase in ruby inventory over the June Quarter owing in part to the success of the upgraded processing plant at Montepuez, which is expected to achieve full operating capacity by the end of July [...]
Mustang Resources is pleased to announce that it has received strong results from initial beneficiation testwork conducted on both oxide and fresh samples taken from its 80 per cent owned Caula Graphite Project (Licence 6678L). - Metallurgical tests have produced high-grade concentrates (>95% TGC) and exceptional recoveries (96% recovery from fresh rock composite sample) from the Caula Graphite Project - More than 55 [...]
Mustang Resources is pleased to announce that it has secured a A$8.5 million funding facility under an 18-month term convertible note facility (Convertible Note Deed) with a leading US institutional investor, ensuring that it is fully funded through to its upcoming maiden rough ruby tender in October 2017. Highlights - Arena Investors LP, a major US institutional investor with more than US$600m in assets under [...]
Mustang Resources is pleased to advise that Australian stockbroking firm Hartleys Limited has initiated coverage on the Company with a comprehensive research report released today on its Montepuez Ruby Project and Balama Graphite Project, located in northern Mozambique. Sydney Small Cap Showcase, 19 July 2017 Mustang is also pleased to advise that it will be participating in the Sydney Small Cap Showcase on Wednesday [...]
Mustang Resources provides the Company's latest Investor Presentation held in July 2017. Overview: Mustang Poised For Rapid Growth - Market Cap: ~A$24million one of only 2 listed ruby miners in the world - Flagship Montepuez Project located next to London-listed Gemfields (AIM:GEM Market cap: A$300million) o GEM: US$280million of rough ruby sales from 8 auctions since June 2014 - Multiple ruby deposits identified in [...]
Mustang Resources is pleased to announce that its ruby inventory has grown to 120,397 cts, putting it comfortably on schedule to meet its target of 200,000cts in time for its first closed bid tender in October this year. Highlights - Mustang firmly on track for first sale of 200,000cts in October with inventory already hitting 120,000cts - Rapid inventory growth due in part to success of upgraded processing plant at [...]
Mustang Resources is pleased to announce that it has taken another significant step in its strategy to ramp up processing at the Montepuez Ruby Project in Mozambique with the start of bulk sampling on the recently-acquired Licence 8245L area. The licence is highly strategic because it borders the existing Montepuez licence areas of the Company on one side and the lucrative ruby project owned by London-listed Gemfields on [...]
Mustang Resources is pleased to provide the Company's latest Investor Presentation at 121 Mining Investment Conference held on 6 and 7 June, 2017. Montepuez Ruby Project STRATEGY: Systematically build a resource base & generate significant revenue whilst doing so o Auger drilling + bulk sample + auction/tender sales = JORC Resource - Plant relocated in late 2016, commissioning completed in January 2017, key upgrades in [...]
Mustang Resources is pleased to announce that videos recording the Company's Montepuez Ruby Project are available for viewing. The videos show the bulk sampling operations and the recently-upgraded processing plant in operation. The videos can be viewed under "Media" at: http://www.abnnewswire.net/lnk/XG8L36YZ About Mustang Resources Ltd: Listed on the Australian Securities Exchange, Mustang Resources Ltd. (ASX:MUS [...]
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