Mustang Resources Ltd (MUS) reported that its Caula Vanadium-Graphite project in Mozambique has taken another key step towards development with the completion of an upgraded JORC-compliant Graphite Mineral Resource estimate. Caula's Graphite Mineral Resource has not only increased over 300% but the entire resource is now in the Measured Category. The combination of the upgraded Graphite Mineral Resource and the company's recently announced maiden Vanadium Mineral Resource now paves the way for the fast-tracked development of the Caula project into production.
