Mustang Resources is pleased to announce that it has received strong results from preliminary ore sorting testwork conducted on drill core from its Caula Graphite-Vanadium project in Mozambique. This testwork demonstrated that the Caula ore is highly amenable to sensor-based ore sorting. Results showed that an ore sample with no visible waste could [...]
Mustang Resources is pleased to announce that it has received strong results from preliminary ore sorting testwork conducted on drill core from its Caula Graphite-Vanadium project in Mozambique. This testwork demonstrated that the Caula ore is highly amenable to sensor-based ore sorting. Results showed that an ore sample with no visible waste could [...]
Mustang Resources is pleased to announce that its strategy to develop the Caula Vanadium-Graphite Project in Mozambique is well on track with the appointment of highly regarded specialists Bara International to undertake the Scoping Study. Key Points - Highly regarded specialists Bara International appointed to undertake the Caula Vanadium-Graphite [...]
Mustang Resources is pleased to announce that it is exporting a further 34,400 carats of medium and higher grade rubies to its sales office in Thailand. The rubies were recovered as part of Mustang's bulk sampling operations at its Montepuez project in Mozambique from January to May 2018. This parcel includes 10,238cts recovered from the processing [...]
Mustang Resources is pleased to announce that it has agreed to amend the terms of the A$19.95 million investment facility from Arena Investors LP . This will see the Company split Tranche 2 into two parts, thereby reducing the amount of the end-May 2018 drawdown of convertible notes from A$3.8 million to A$1.995 million and deferring the balance of [...]
Mustang Resources is pleased to announce that it has placed 21.74 million fully paid ordinary shares at 2.3 cents to raise $500,000 before costs under the recently completed Entitlement Offer. The placement was supported by sophisticated and professional investors in Australia and overseas, with one Chinese investor subscribing for approximately [...]
Mustang Resources is pleased to announce more outstanding drilling results from its Caula vanadium-graphite project in Mozambique. Key Points - Drilling returns more high-grade vanadium and graphite over extensive widths with significant intersections close to surface - Assays show grades of up to 1.02% Vanadium and 24.2% Total Graphitic Carbon [...]
Mustang Resources provides the Company's Quarterly Activities Report. Highlights Montepuez Ruby Project, Mozambique - During the quarter Mustang made strong progress on the Montepuez Ruby Project located in the heart of this globally significant gem-field - A total of 29,069.1 carats were recovered from the processing of 43,940m3 of stockpiled [...]
Mustang Resources provides the Company's latest presentation. Mustang's Montepuez Ruby Project A Significant New Gemstone Discovery - The Montepuez region in Mozambique represents a substantial share of the lucrative global ruby market - Mustang's initial bulk sampling confirms significant new ruby discoveries on licences with scope for expansion [...]
Mustang Resources is pleased to announce that it has discovered a new ruby-bearing gravel deposit just 3.5km from its processing plant at the Montepuez Ruby Project in Mozambique. Key Points - Discovery of new ruby-bearing gravels within Mustang's Montepuez Ruby Project in Mozambique - New ruby-bearing gravels located 3.5km directly south-west from [...]
Mustang Resources refers to its announcement made on 11 April 2018, entitled "Maiden Ruby Sales from Newly Established Office in Thailand". The Company has identified a numerical error in the historical sales database for carats sold and the average value per carat received. The sentence reporting those items should read: "Total sales of A$1.23 [...]
Mustang Resources is pleased to advise that it has made strong early progress with its recently implemented sales and marketing strategy with the first ruby sales from its newly-established sales and marketing office in Chanthaburi, Thailand. Key Points: - Maiden sales totaling A$230,953 achieved from the sales and marketing office established in [...]
