Mustang Resources Ltd: Corporate Presentation March 2018
Sydney - Mustang Resources Ltd. (ASX:MUS) (OTCMKTS:GGPLF) provides the Company's latest Corporate 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 deposits, with initial bulk sampling delivering gem quality rubies
- Consistent recovery of full quality range including premium category stones
- Mustang has 143sqkm of highly prospective ground and extensive secondary ruby mineralisation proven over 4,200m strike (open ended)
Montepuez Ruby Project - Development
- STRATEGY: Systematically build a resource base & generate revenue whilst doing so
o Test pitting+ bulk sample + sales = JORC Resource
- New high-grade and shallow ruby deposits excavated and being processed at present; ruby inventory expected to increase significantly
- Initial processing of material from highly prospective deposits within new licence delivering exceptional results
- Average grade increased 10% from October 2017 onwards compared with average grade for all previously processed material
- Optimisation of processing plant with improvements and upgrades completed during December quarter 2017
To view the full presentation, please visit:
http://abnnewswire.net/lnk/C771VXSS
About Mustang Resources Ltd:
Listed on the Australian Securities Exchange, Mustang Resources Ltd. (ASX:MUS) (FRA:GGY) 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 licences and now one mining concession covering 19,300 hectares directly adjacent to the world’s largest ruby deposit discovered by Gemfields Plc in 2012. Since supply of rubies from sources outside Mozambique has become fractured and unreliable, Mustang stands to capitalise on the current high 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 extensive secondary deposits discovered and low-cost bulk sampling well underway. First rough ruby sales are scheduled for 27 to 30 October 2017 in Port Louis, Republic of Mauritius under a closed bid tender of more than 350,000 cts gem quality rubies.
Visit the Mustang website at http://www.mustangresources.com.au for more information.
Contact:
Mustang Resources Ltd.
Managing Director Dr.Bernard Olivier
E: bernard@mustangresources.com.au
Web: www.mustangresources.com.au