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Mustang Resources Announces Balama Graphite Project Update

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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