Mustang positive about Moz ruby licence

June 7, 2017

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ASX-listed Mustang Resources has taken another significant step in its strategy to ramp-up processing at the Montepuez ruby project, in Mozambique, with the start of bulk sampling on licence 8245L, in which Mustang recently acquired a 65% interest from Regius Resources. The miner considered the licence, which Mustang acquired through giving the issue of 30-million ordinary shares and $100 000 cash to Regius, as highly strategic because it borders Mustang’s …

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