Mustang begins graphite scoping study
Published 31-MAY-2018 13:54 P.M.
3 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Finfeed presents this information for the use of readers in their decision to engage with this product. Please be aware that this is a very high-risk product. We stress that this article should only be used as one part of this decision-making process. You need to fully inform yourself of all factors and information relating to this product before engaging with it.
Mustang Resources (ASX:MUS) has appointed Bara International to undertake a scoping study at its Caula Vanadium-Graphite Project.
The scoping study is expected to be completed by the end of July this year, with the project on track for production and cashflow by mid-2019.
MUS Managing Director Dr Bernard Oliver issued the following statement, “This appointment is another key step in our strategy to be in production at Caula by the middle of next year.
“We have multiple workstreams underway to deliver a maiden vanadium JORC Resource and an upgraded graphite resource along with metallurgical testing for an integrated vanadium and graphite processing flowsheet.
“We are also awaiting the results of ore-sorting testwork in Australia,” he said.
In addition to the appointment of Bara International, MUS provided the following updates on its Caula Project:
Vanadium and graphite assay results
Samples analysis on the remaining three drillholes from the 2017 scoping study drilling campaign is currently being completed by SGS South Africa.
Final results are expected within the next two weeks. Once finalised, MUS will immediately finalise the incorporation of the results into the geological and resource model.
This will enable the estimation of the maiden JORC compliant vanadium Resource and facilitate the upgrade of the JORC compliant graphite Resource.
It should be noted it is still early stages here, so investors should seek professional financial advice if considering this stock for their portfolio.
Ore sorting testwork and results
MUS has sent initial Caula core samples to TOMRA Sorting Solutions for trial ore test work.
TOMRA will assess the suitability of the ore for upgrade through the use of its proprietary technology. Once the initial results are received, an ore sorting testwork campaign will begin.
Dual metallurgical testwork being undertaken by IMO and Nagrom Laboratories in Perth is significantly advanced.
MUS expects initial results before mid-June 2018.
Maiden Vanadium JORC Inferred & Indicated Resource
Upon the completion of the metallurgical testwork and receipt of the outstanding assay results from SGS, MUS will estimate a maiden vanadium JORC Inferred & Indicated Resource for Caula. This is expected to be completed and announced to the market by the start of July 2018.
Upgraded Graphite JORC Inferred Resource
In conjunction with the above, the company will also complete an upgraded JORC Inferred Resource for the Caula graphite Resource. This is expected to be completed by the end of June 2018.
Definitive Feasibility Study campaign
The company has informed shareholders that foundational work for the DFS campaign has commenced, with the study requiring additional RC and DD drilling to upgrade the JORC Resource.
As part of this process, MUS plans to extract a large bulk sample for export to China, which will enable additional large scale metallurgical and plant design testwork.
Completion of the DFS campaign is scheduled by the end of calendar 2018.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.