Ann: Montepuez Ruby Project - Update, page-3

ANN as follows

7 November 2017
MONTEPUEZ RUBY PROJECT
Further to the announcement last week on the tender results, Mustang Resources Ltd (ASX:MUS) wishes to confirm that it is currently undertaking a detailed assessment of the market intelligence gathered from the first tender concluded Monday last week.
The results of this assessment will play a key role in determining Mustang's future operational and marketing strategies. The strategies will also reflect the feedback referred to in its ASX release dated 1 November 2017 regarding ruby categories and volumes.
Mustang expects to update the market in this regard within the next 2 weeks.
For and on behalf of the Company. Ian Daymond
Non-Executive Chairman

GLTAH