Mustang on track to sell 200 000 ct of rubies in October

June 28, 2017

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ASX-listed Mustang Resources’ ruby inventory has grown to 120 397 ct, paving the way for the company to meet its 200 000 ct target in time for its first closed bid tender, in October this year. The growing inventory reflects in part the successful commissioning of the upgraded processing plant at Mustang’s Montepuez ruby project in Mozambique, as well as the discovery of a shallow secondary ruby deposit 3 km south-east of the plant. During the commissioning …

Category: General