This half-year report covers the consolidated entity consisting of Mustang Resources Limited (ASX:MUS) (OTCMKTS:GGPLF) and the entities it controlled during the half-year ended 31 December 2016.
Syrah Resources Ltd
Syrah Resources (ASX:SYR) is an Australian resource company that is rapidly progressing its flagship Balama Graphite and Vanadium Project in Mozambique to production. The Project hosts the largest graphite ore reserves in the world with an Australasian Joint Ore Reserves Committee (JORC) compliant Ore Reserve of 81.4 Mt at 16.2% total graphitic carbon. Balama is a 110 km2 granted Mining Concession located within the Cabo Delgado province in the district of Namuno in northern Mozambique. The Project is approximately 260 km by road west of Pemba and is accessible by a sealed, main road, running directly from Pemba Airport. The Port of Nacala is approximately 490 km by road south east of the Project and is the deepest port in Southern Africa.
Mustang Resources Ltd (ASX:MUS) Spectacular High Grade Graphite Discovery at Caula Project in Mozambique
Mustang Resources Ltd (ASX:MUS) is pleased to announce that it has made a spectacular high-grade graphite discovery at its 80% owned Caula Project (License 6678L) along geological strike of the Syrah Resources (ASX:SYR) world-class Balama graphite project in Mozambique.
Mustang Resources Ltd (ASX:MUS) Drilling Confirms Potential to Delineate High-Grade Graphite Resource at Balama
Mustang Resources Ltd (ASX:MUS) is pleased to report encouraging preliminary results from the recently completed diamond drilling program at the Company's high-grade Balama Graphite Project, located in the world-class graphite province of Northern Mozambique.
The December 2016 Quarter has been a pivotal period for Mustang Resources (ASX:MUS) which saw the Company put in place all of the foundations required to unlock the value of its flagship Montepuez Ruby Project in the Cabo Delgado Province of north-eastern Mozambique and become a significant new player in the rapidly growing global coloured gemstone market.
Syrah Resources Limited (ASX:SYR) is pleased to provide a Balama Project development update and announce a fully underwritten A$194 million capital raising to complete the funding of the Balama Project, provide balance sheet flexibility and further accelerate the Company's spherical graphite strategy.
Syrah Resources Ltd (ASX:SYR) are pleased to provide the Company's Equity Capital Raising Presentation, June 2016.
Syrah Resources Limited (ASX:SYR) (OTCMKTS:SYAAF) (Syrah or the Company) is pleased to announce that the Company has signed a Spherical Graphite Offtake Agreement with Marubeni Corporation (Marubeni) (TYO:8002), a major Japanese integrated trading and investment conglomerate.
Syrah Resources Ltd (ASX:SYR) 2016 AGM Presentation: Building the world's premier graphite company
Syrah Resources Limited (ASX:SYR) is pleased to announce the appointment of Dr. Christina Lampe-Onnerud as a Non-Executive Director of the Company.
Syrah Resources Ltd (ASX:SYR) are pleased to provide the Company's Investor Presentation at the Macquarie Australia Conference May 4 - 6, 2016.