Investment Highlights
- Focused on becoming a near-term gemstone producer through fast-tracked development of the Montepuez Ruby Project
- Montepuez Ruby Project is located in a world-class ruby province, adjacent to world’s largest ruby deposit, held by Gemfields PLC
- Mustang’s February 2016 field work program confirmed the presence of highly prospective geology:
5.3km structural lineament associated with ruby mineralisation transects the Montepuez Ruby Project
- Bulk Sampling planned during H2-2016 to confirm presence of ruby mineralisation at the Montepuez Ruby Project
- Very strong ruby market growth with Mustang perfectly positioned to become a major ruby supplier in near term
- Low capital requirement to undertake program aimed at generating cash flow to fund commercial scale mine development
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