Mustang Minerals Corp., announced plans to complete a financing for the Makwa Nickel Project, Manitoba, Canada. The company plans to raise $6.5 M through a combination of FlowThrough Shares of $2.5 M and Common Shares of $4.0 M. The majority of funds to be raised are intended to be used to complete the Makwa open pit mine feasibility study, and purchase a 2700 t per day capacity base metals concentrate plant for the Makwa Project.
Mustang Minerals announced updated project economics for teh Makwa project located in southeast Manitoba, Canada. Highlights of the cash flow calculation are as follows, based on the updated Probable Reserve (diluted ) estimate of 9,855,000 tonnes grading 0.54% nickel, 0.11% copper, 0.02% cobalt and 0.434/t (platinum plus palladium).
Mustang Minerals announced the results of an updated Mineral Reserve estimate for the Makwa nickel project located in southeast Manitoba. Highlights of the updated probable reserve include 9.85 million tonnes at 0.54% nickel, 0.11% copper, 0.09g/t platinum and 0.34g/t palladium.
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