Mustang Resources is pleased to announce that bulk sample processing and exploration activities on its Montepuez Ruby Project, in Northern Mozambique are delivering increasingly strong results. Key Points - Exploration, pitting and trenching program increases known gravel extension from 3.3km to 4.2km - Exploration program identifies additional [...]
Mustang Resources provides the Company's latest Investor Presentation. Montepuez Ruby Project - New 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 discovery on licences with scope for expansion - Shallow secondary [...]
Mustang Resources is pleased to announce it has completed the diamond drilling campaign which will underpin the concept study on its 80%-owned Caula Graphite Project in Mozambique. Key Points - 11 further diamond drill holes completed as part of the current Concept Study on the Caula Graphite Project in Mozambique - Concept Study infill and [...]
Mustang Resources provides the following report on its activities for the three months to 31 December 2017. Operations Report Montepuez Ruby Project, Mozambique During the quarter, Mustang announced that it would take a total of 405,000 carats to its maiden rough ruby tender at the end of October 2017. This was more than twice the 200,000 carats it [...]
Mustang Resources is pleased to announce the appointment of Dr. Bernard Olivier to the Board as Managing Director and Cobus van Wyk as Chief Operating Officer and Executive Director. Key Points - Mustang appoints Dr. Bernard Olivier to the Board as Managing Director - Interim Executive Chairman Ian Daymond reverts to being Non-Executive Chairman [...]
Mustang Resources is pleased to advise that it has received the proceeds of the insurance claim relating to the rubies and corundum stolen in the robbery at its Montepuez Ruby Project in September 2017 . Following an assessment by Lloyds Underwriters, Mustang has received payment of A$423,650 in full and final settlement of the claim. Since the [...]
Mustang Resources is pleased to announce that it has secured a A$19.95 million funding facility under a convertible note facility with a leading US institutional investor. Funding in conjunction with a one for five non-renounceable entitlement issue to existing shareholders to fund the further development of the Montepuez Ruby and Caula Graphite [...]
Mustang Resources is pleased to announce that further metallurgical testwork on Oxide and Fresh samples taken from its 80% owned Caula Project has provided more firm evidence of the quality of the mineralisation. - Latest results further highlight the strengths of Caula, which is one of the world's highest grade graphite deposits with an Inferred [...]
I welcome you all here today in my recently altered role of Interim Executive Chairman pending the appointment of a new Managing Director. I wish to acknowledge and thank my fellow Director Christiaan Jordaan for his sterling and unceasing efforts as Managing Director from February 2016 until 13 November this year. He serves as Non-Executive [...]
Mustang Resources as conducted an internal review of its recent first ruby auction and an assessment of its commercial and exploration strategy. The review was aimed at identifying the reasons for the auction results and the measures Mustang should adopt in order to ensure it can unlock the full underlying value of its Montepuez Ruby Project. As a [...]
Mustang Resources announces that Christiaan Jordaan has resigned as Managing Director, effective today. He remains as a Non-Executive Director of the Company. Key Points - Christiaan Jordaan has resigned as Managing Director for personal reasons and now serves as a Non-Executive Director - Mustang Chairman Ian Daymond becomes Interim Executive [...]
Further to the announcement last week on the tender results, Mustang Resources Ltd. (ASX:MUS) (OTCMKTS:GGPLF) wishes to confirm that it is currently undertaking a detailed assessment of the market intelligence gathered from the first tender concluded Monday last week. The results of this assessment will play a key role in determining Mustang's [...]
