Mustang upgrades another exploration licence to mining concession

he Mozambique government has issued Australia-listed Mustang Resources a new mining concession on a crucial section of its Montepuez ruby project. Exploration licence 8245L was upgraded to mining concession 8955C and forms an integral part of the Montepuez project. The majority of the bulk sampling and pitting that have been conducted over the past seven months have taken place on this licence.