RESOURCE STOCKS

Mustang charges for red-hot rubies

Mustang Resources (ASX: MUS) expects the shine from neighbouring the world’s largest ruby deposit to rub off on its flagship project in Mozambique. Ngaire McDiarmid reports.

Mustang will use two 16ft rotary pans to process 600-2,400t/d of potentially ruby bearing material in its bulk sampling

Mustang will use two 16ft rotary pans to process 600-2,400t/d of potentially ruby bearing material in its bulk sampling

Mustang Resources managing director Christiaan Jordaan believes the Montepuez ruby project is a company-maker with strong near-term production potential. The company finalised its majority stake acquisition...

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