Mustang Resources Limited (Company or Mustang) (
Following an assessment by Lloyds Underwriters, Mustang has received payment of A$423,650 in full and final settlement of the claim.
Since the incident, Mustang has upgraded its security measures and general controls on site.
Mustang Directors would like to express appreciation to the members of its on-site team at Montepuez for the efforts made to plan and implement the revised security measures and for their commitment to the project.
About New Energy Minerals Ltd
New Energy Minerals (ASX:NXE) is an ASX listed junior mining company, that recently announced the divestment of the Company's Caula vanadium - graphite project and the Montepuez Ruby project in Mozambique.
Contact
Media & Investor Relations:Paul Armstrong
E: paul@readcorporate.com.au
T: +61-8-9388-1474
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