Mustang Resources shares ride higher after fourfold increase in...

Mustang Resources shares ride higher after fourfold increase in graphite resource

Mustang Resources Ltd (ASX:MUS) has taken another key step towards
development with the completion of an upgraded graphite resource for its
Caula Vanadium-Graphite Project in Mozambique.

The resource, which is all in the measured category, is 21.9 million tonnes at
13.4% total graphitic carbon (TGC) (8% cut-off) for a total of 2,933,100 tonnes
of contained graphite.

Importantly, the upgraded resource represents a 317% increase in size from
702,600 tonnes of contained graphite to 2,933,100 tonnes of contained
graphite.

More here at http://www.*.com.au/companies/news/...old-increase-in-graphite-resource-201385.html