Mustang Resources Ltd.: Investor Presentation at North-American Roadshow, March 2017
Sydney - 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.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 Ltd. (ASX:MUS) 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 licenses covering 15,800 hectares directly adjacent to the world’s largest ruby deposit discovered by Gemfields Plc (GEM:LN) 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 currently fast-tracking its work program on the Montepuez Ruby Project with high priority targets being identified and low-cost bulk sampling having commenced.
Contact:
Mustang Resources Ltd.
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
