https://www.miningweekly.com

Mustang hopes for more ruby sales in October

31st May 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Ruby miner Mustang Resources is on track to store some 200 000 ct of inventory at its Montepuez project, in Mozambique, ahead of a planned auction in October.

The ASX-listed junior told shareholders that a current A$1-million plant upgrade has been highly successful, allowing processing grades to ramp up. The upgraded plant is designed to achieve a throughput rate of 250 t/h, with Mustang saying that it would initially operate the plant for one seven-hour shift a day.

This would enable the company to achieve or exceed its daily processing target, representing a 580% increase in throughput rates before the plant upgrade. It also meant that there was scope for substantial increases in processing rates by additional shifts in the future.

The increased throughput meant that Mustang was on track to build its ruby inventory to 200 000 ct ahead of a planned auction in October this year, giving the company the opportunity to potentially increase the volume of rubies available for sale.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.153 0.192s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: