Our projects are located in areas with proven resources. The Mustang Montepuez Ruby Project is directly adjacent to the world’s largest ruby deposit, currently mined by Gemfeilds – who as of December 2017 have generated ~US$335 million in ruby sales. Our Caula Graphite & Vanadium Project is located along strike from nearby world-class deposits – including those developed by Syrah Resources Ltd (SYR:ASX), a company valued at ~A$1 Billion.
Our ruby and graphite licenses are also located next to each other and share a tenement boundary. Resulting – the graphite and ruby projects are able to share camp, infrastructure and certain key personnel.
The democratically elected Mozambique government recognises the importance of the mining industry to the nation’s economic growth and is highly supportive of businesses that enhance productive sectors of the economy and contribute to economic diversification.
Mozambique’s natural resources have already attracted major investors, including the mining groups Vale (Brazil) and Rio Tinto (Australia-UK), the Italian oil and gas giant ENI, and numerous members of the U.S. private sector eager to invest in new natural gas projects.
To further improve the country’s business climate, the Mozambique government has partnered with the Word Bank, most recently securing US $1.7 billion in funding from the International Development Association. The funds, scheduled for allocation between 2017 and 2021, will stimulate the private sector, leveraging its key branches, including the energy sector and the full agricultural value chain.
Our directors and management have a 14-year track record of investment and project development in Mozambique. For the current projects, we have also engaged the expertise of an African gemstone operations and geological team with over 180 years of collective experience.
In addition to the exceptional quality of the products, Mustang has already proven that our experienced team in Mozambique can both build and operate a mining project. The recent rapid conversion of exploration licences to mining licences on our ruby project is a further testimony of Mustang’s abilities to successfully execute project delivery in Mozambique.
We believe that great results require a great team. We focus on ethics, shared values, development opportunities, and recognition of a job well done. We are invested in our employees and local communities as much as in our exploration and development activities, shareholders and customers.
Mustang Resources is genuinely committed to being a responsible corporate citizen of Mozambique. In all our work, we strive to deliver real and meaningful benefits for the people we work with and foster positive development of the communities in which we operate.