Mustang Resources Ltd. is pleased to announce that it has has obtained key approvals and waivers with Arena Investors L.P in an amendment deed dated 14 August 2018 . As announced on 8 January 2018, Arena, a major institutional investor with more than US$750 million in assets under management on behalf of clients and affiliates, entered into an [...]
Mustang Resources is pleased to announce that it has received formal commitments to raise approximately AU$2.4 million via private placement to professional and sophisticated investors and some of the Company's directors. Of this amount AU$2.18m will be completed through the issue of 158,660,844 million new shares at $0.01374 per share. Of these [...]
Mustang Resources is pleased to announce that the feasibility study drilling program at its flagship Caula Vanadium-Graphite project in Mozambique is well underway. Mustang has planned 4,075m of diamond and reverse-circulation drilling to be completed in Q3 of 2018. Highlights - The feasibility study drilling program on the Caula Vanadium-Graphite [...]
Mustang Resources provides the Company's Quarterly Activities Report for the period ending 30 June, 2018. HIGHLIGHTS Caula Vanadium-Graphite Project, Mozambique - Assay results return grades of up to 1.9% vanadium and 28.9% Total Graphitic Carbon - Vanadium assay results returned during the Quarter include: o 32m @ 0.82% V2O5 including 14m @ 1.29 [...]
Following discussions with the ASX regarding compliance with clause 51 of the JORC Code 2012 and Listing Rule 5.6, Mustang Resources hereby retracts the below statements made by Edison Investment Research Ltd regarding their "in-situ" peer group resource multiple valuation of the Caula Vanadium-Graphite project. Edison is an independent research [...]
Mustang Resources provides the Company's July 2018 Investor Presentation. Mustang - becoming a vanadium & graphite producer - Recently announced ruby asset merger with Fura Gems for A$10 million in Fura shares plus A$25 million committed investment - Strategic deal allows Mustang to focus on worldclass Caula Vanadium-Graphite project*: o 22 Mt [...]
Mustang Resources is pleased to announce that its Caula Vanadium-Graphite project in Mozambique has taken another key step towards development with the completion of an upgraded JORC-compliant Graphite Mineral Resource estimate. Key Points - Total Updated JORC Resource of 21.9 Mt @ 13.4% TGC at the Caula Vanadium-Graphite Project in Mozambique [...]
Mustang Resources is pleased to announce that its Caula Vanadium-Graphite project in Mozambique has taken another key step towards development with the completion of the maiden JORC-compliant vanadium Mineral Resource estimate. Key Points - Total Maiden JORC Resource of 22 Mt @ 0.37% vanadium pentoxide at the Caula Vanadium-Graphite Project in [...]
Mustang Resources is pleased to announce that it has entered into a merger agreement for its Montepuez ruby assets with TSXV-listed Fura Gems for A$10 million in shares. Key Points - Mustang agrees to merge all its ruby interests with Fura Gems for $10 million in Fura shares - Fura is listed on TSXV and led by former Gemfields COO Dev Shetty with [...]
Fura Gems is pleased to announce it has entered into a merger of ruby assets agreement, pursuant to which the Company will acquire controlling ownership in the issued and outstanding shares of entities and interests in joint ventures that collectively own interests in nine additional ruby licenses in the Montepuez District of Cabo Delgado province [...]
Mustang Resources is pleased to report further strong assay results from drilling at its Caula Graphite-Vanadium Project in Mozambique. Key Points - Further high-grade assays from the final holes drilled as part of the Scoping Study on the Caula Graphite and Vanadium project - Assays include intersections of up to 1.9% vanadium and 28.9% Total [...]
Mustang Resources is pleased to announce outstanding results from further graphite metallurgical testwork at its Caula Graphite-Vanadium Project in Mozambique. Key Points - The results of the metallurgical tests are considered truly outstanding because they have delivered a significant increase in flake size and a reduction in the costs of [...]
