Date: Mar 22, 2018
BEIJING (Asian Metal) 22 Mar 18 – On March 21, Australian-based Mustang Resources announced that a strategic review led by new Managing Director Dr Bernard Olivier concludes the Company’s Caula Graphite Project in Mozambique could achieve first production by the middle of next year. Dr Evan Kirby, who recently joined the Mustang Board of Directors as a Non-Executive Director and consultant with significant graphite and vanadium experience, assisted Dr Olivier in the review.
The key outcome of the review was the recommendation to the Board of Directors of the Company to establish trial mining and processing operations for completion during Q2 2019. The Board of Directors has accepted the recommendation.