Mustang Resources Ltd.: Investor Presentation - February 2017
02.02.2017 | ABN Newswire
Sydney - Mustang Resources Ltd. (ASX:MUS) is pleased to provide the Company's Investor Presentation titled "An Emerging Gemstone Miner in Mozambique".Overview: Mustang Poised For Rapid Growth
- Market Cap: ~A$25M one of only 2 listed ruby miners in the world
- Flagship Montepuez Project located next to London-listed Gemfields (LON:GEM) (Market cap: A$433m)
- Multiple ruby deposits identified in 160sqkm 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 Q2 2017
- Additional upside from Balama Graphite Project, located in world-class graphite province
To view the presentation, please visit:
http://abnnewswire.net/lnk/CF8W582G
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: christiaan@mustangresources.com.au
T: +61-2-9239-3119
www.mustangresources.com.au