https://www.miningweekly.com

Mustang recovers 460.4 ct of ‘high quality’ rubies at Moz prospect

PRECIOUS RETURNS These rubies are the first recoveries from 2 683 t of initial material processed by Mustang’s two 487.6 cm rotary pans during the start-up of the bulk sampling plant

UPPING THE ANTE Further mining optimisation is ongoing following the project’s initial commissioning phase with recoveries expected to increase in the coming months

18th November 2016

By: Ilan Solomons

Creamer Media Staff Writer

  

Font size: - +

ASX-listed junior miner Mustang Resources has recovered a total of 460.4 ct of “high-quality” rubies from its flagship Montepuez ruby project, in Mozambique.

Mustang MD Christiaan Jordaan notes that these rubies are the first recoveries from 2 683 t of initial material processed by the company’s two 487.6 cm rotary pans during the start-up of the bulk sampling plant.

He says that further mining optimisation is ongoing following the project’s initial commissioning phase with recoveries expected to increase in the coming months. Plant construction work has been completed and the bulk sampling plant is fully operational. The company plans to ensure that the plant is ramped up to a 525 t/d capacity by the end of this month.

Jordaan remarks that robust initial recoveries show all the characteristics of a commercial, high-grade and high-quality ruby deposit at Montepuez with its Alpha deposit open in all directions, with a near-term drilling programme to delineate the full extent of ruby mineralisation. He highlights that there are multiple additional targets with alluvial and colluvial ruby mineralisation proven at two additional locations at Montepuez.

Further, Jordaan comments that strategic sales and marketing agreements are to be finalised prior to the sale of the first Mustang rubies. He notes that alluvially sourced uncut rubies from Mozambique sold for between $317/ct and $688/ct on average at coloured gemstone mining and marketing company Gemfields’ 2014 and 2015 auctions respectively.

“The ruby market remains strong with reported cut and polished high-quality ruby reaching as high as $35 900/ct,” Jordaan concludes.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sweet-Orr
Sweet-Orr

Sweet-Orr, established in 1871, is a global leader in superior protective workwear, known for quality, innovation, and performance.

VISIT SHOWROOM 
ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.041 1.063s - 111pq - 2rq
Subscribe Now