Australian miner moves to acquire two more graphite exploration licences in Mozambique

Australian miner Mustang Resources Limited has announced that it will by mid-April acquire majority stakes to two more exploration licences to expand its resource portfolio within the Balama graphite mining project, in Mozambique. In a cautionary notice issued to shareholders on Friday, Mustang Resources MD Christian Jordaan said the company would acquire 90% shareholding rights to Mozambican graphite exploration licence No 6363L, and 95% rights to exploration licence No 7560L, which were both issued to Regius Resources Group in September 2015.