MUSTANG EXERCISES OPTION TO ACQUIRE TWO ADDITIONAL LICENCES IN WORLD-CLASS MOZAMBIQUE GRAPHITE PROVINCE
- Mustang consolidates position in world-class graphite province with the exercise of its option to acquire two new licences covering 205km2
- SkyTEM electromagnetic survey has been successfully completed over both licences which are located North of Mustang’s Balama Project
- Strong EM anomalies identified along strike from the major graphite discoveries held by Mustang, Metals of Africa
(ASX:MOA), Triton
(ASX:TON) and Syrah
(ASX:SYR)
- Multiple priority targets have been identified for drilling
- EM anomalies demonstrate strong correlation for potential extensions of nearby world-class graphite deposits of both Mozambique and Tanzania graphite belts.
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