Short Term trading Weekend Lounge: 3-5th March, page-199

Nice announcement for MUS

SPECTACULAR HIGH-GRADE GRAPHITE DISCOVERY AT CAULA PROJECT IN MOZAMBIQUE
Caula on strike with Syrah’s (ASX:SYR) advanced Balama Graphite Project
 Extremely high-grade results over extensive widths from diamond drilling at Mustang’s Caula Graphite Project (Licence 6678L) in Mozambique
 Spectacular grades of up to 26% Total Graphitic Carbon (TGC) demonstrate potential for Caula to become a low-cost supplier to the lithium battery industry
 Results include:
o MODD 001: 40m at 15.9%TGC average (inc. multiple intersections of 24-25% TGC)
o MODD 002: 14m at 12.9%TGC average (inc. multiple intersections of 21-23% TGC)
o MODD 003: 87m at 15.2% TGC average (inc. multiple intersections of 25-26% TGC)
o MODD 004: 63m at 12.1% TGC average (inc. multiple intersections of 22-25% TGC)
o MODD 005: 63m at 11.1% TGC average (inc. multiple intersections of 21-22% TGC)
 Core samples in transit to SGS Perth for full metallurgical analysis and flowsheet development – with results expected early in Q2 2017
 Field assessment has also highlighted the potential for large flake sizes
 Results will underpin maiden JORC Resource scheduled for release at end of Q2 2017; Scoping Study to follow in August