Mustang hopes for more ruby sales in October

May 30, 2017

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Ruby miner Mustang Resources is on track to store some 200 000 carats of inventory at its Montepuez project, in Mozambique, ahead of a planned auction in October.

The ASX-listed junior told shareholders that a current A$1-million plant upgrade has been highly successful, allowing processing grades to ramp up. The upgraded plant is designed to achieve a throughput rate of 250 t/h, with Mustang saying that it would initially operate the plant for one seven-hour shift a day.

Category: General