MUSTANG TO ACQUIRE ADDITIONAL GRAPHITE LICENCES IN MOZAMBIQUE
Mustang Resources Limited
(ASX:MUS) (“the Company”) is pleased to announce that it has entered into a binding term sheet, subject to shareholder approval, to acquire an option to acquire an additional two graphite licences in the Cabo Delgado province of Mozambique.
The Company is currently flying EM surveys of its six licences in the Cabo Delgado province, but has elected to fly a further four licences. Under the Term Sheet the Company will have the option to acquire the two licences out of the 4 additional licences flown that the Company determines will best suit its graphite development profile in Mozambique.
To view Update please download PDF attached:
