Mustang Resources announced that its strategy to ramp up production and generate the first sales revenue at its Montepuez Ruby Project in Mozambique is firmly on track, with commissioning of the relocated processing plant now completed. Production is currently ramping up to the targeted rate of 525tpd (~11,025 tons per month, assuming 21 operational days per month running one shift) which is forecast to result in a substantial increase in the Company's monthly ruby production. Mustang also announced that it has sent its first commercial batch of rubies to US service providers and customers. These include the highly regarded gemstone cutter Meg Berry and leading jewellers in California. This shipment is aimed at enabling Mustang to obtain further opinions from experts about the range in potential ruby values and the best marketing strategies to unlock their maximum value. To assist in this process Mustang contracted the services of an American gemmologist and his team to do a full market study to enable the Board to decide if Mustang will only market its rubies in the rough on auctions, or whether to cut and polish a portion of its stones and supply the wholesalers & manufacturers directly. The Montepuez ruby field is also gaining worldwide acclaim for its quality and ability to produce unheated gem/facet quality rubies, with leading gemstone experts citing it as the single supplier. The field is expected to growing further in global significance over coming years as Mustang's neighbour, Gemfields PLC, ramps up its mining activities. Since the inception of the bulk sampling program to date 15,585 m of ruby-bearing gravel (including the immediate material above and below the gravel contacts) has been mined from the Alpha deposit and stockpiled of which 7,290.50 m (approximately 11,300.28 tonnes) has been processed through the plant resulting in the recovery of 1,638.76 cts of high quality ruby. In addition to these recoveries, Mustang has used prospecting teams to assist in its exploration program and to accelerate the discovery and testing of new areas which can then be followed up with bulk sampling & auger drilling. This strategy has already proven itself to be highly successful in covering a lot of ground & rapidly testing new areas. To date Mustang's prospecting teams work has resulted in the recovery of 13,314.76 cts of ruby & corundum of which 5,406cts was included in the 6,221cts parcel dispatched to the US. Due to the inability to determine accurate sample details, the rubies recovered by the Company's prospecting teams will naturally be excluded from any JORC Resource calculations. Mustang considers that an inclusive relationship with local workers is the most sustainable way to engage with the local communities in its areas of operations and the Company will be continuing to develop and invest actively in this program to provide skill formation (mining, health & safety) as well as training. The Company has committed to pay its workers fair salaries. This local community engagement & employment program is controlled and managed by Mustang's management team at site. A parcel of rubies & corundum totaling 6,221ct (which includes rubies mined by Mustang and those recovered by its prospecting teams) have been sent to the US to be further assessed and processed prior to being sold to customers. This parcel will assist the market research team to evaluate the Company's rubies and to determine which marketing channel will be the most effective and profitable for Mustang. A parcel of five special stones weighing a total of 76.65cts, including two rare 24ct high quality rubies, will be cut by specialist gemstone cutter Meg Berry. All five stones have been confirmed as suitable for cutting without heat treatment. Typical cutting yields for gem/facet quality ruby from Mozambique can range from 30% to 60% depending on several factors such as the number of inclusions in the stone & the colour saturation. However, one of the most important factors for achieving a high-yield, high-quality final product is the skill of the cutter which can materially influence the value of these high-end stones.