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2016 An Emerging Gemstone Miner in Mozambique

Tapping Into a US$2 Billion a Year Market
Tapping Into a US$2 Billion a Year Market
Sydney, May 29, 2017 AEST (ABN Newswire) - Mustang Resources Ltd (ASX:MUS) (OTCMKTS:GGPLF) is pleased to provide the Company's latest Resources Rising Stars Investor Presentation May 2017.

Montepuez Ruby Project
Near-Term Cashflow from Bulk Sampling Program

- Rubies are the most expensive gemstone after diamonds - with fine rubies +5cts extremely rare

- Before the 2009 discovery of the Montepuez field in Mozambique, supply was highly fragmented and unreliable (Myanmar, Afghanistan, Madagascar)

- Consistency of supply from Montepuez provides opportunity for rapid growth in ruby market size

- Global polished ruby market size estimated at US$2billion p.a (2014) - total coloured gemstone market (ruby, sapphire & emerald) estimated at US$5.9 billion p.a (2015)

- Consumer demand has caused prices of rubies to increase 63% over past 8 years **

- Market size continues to grow:

o Coloured gemstone market grew 13% in 2015 period while diamonds decreased 17% from US$84 billion to US$70 billion *

o Strong demand from US, Europe, India, Thailand and China

- US$1.2 billion imports of coloured gemstones into US market (4.5% of diamond market) #

- Mustang market engagement in the USA & Asia has confimed unmet demand for ethically-mined rubies

Montepuez - A World-Class Gem Field

- The montepuez region in Mozambique is ideally positioned to rapidly secure a substantial share of the lucrative global ruby market

- Commercial potential highlighted by Gemfields' success in gereating US$225 million in ruby sales up to Dec 2016 (all during the exploration period)

- Montepuez gaining global prominence as the supply of equivalent quality rubies from Burma (Mogok) is very scarce

- Montepuez produces a wide variety of qualities for each of the different market segments

- Vast majority gem/facet quality rubies come from secondary deposits (alluvial/elluvial)

o Mustang (and its prospecting teams) only mine secondary deposits at present

- The Montepuez ruby field is very extensive, offering prospects of long mine lives

o Mustange has 195sqkm of highly prospective ground

- Montepuez ruby deposits are typically <15m from surface, free-digging and simple to process with good in-situ grades

o Formula for low-cost, high-margin mining operations

To view the full presentation, please visit:

* Source: Gemfields Annual Report
** Source: Gemval Relative Value Index
# Source: Global Mining Observer, Issue 131 July 2015

About New Energy Minerals Ltd

New Energy Minerals Ltd (ASX:NXE) (FRA:GGY) is an ASX listed company focused on the mining and exploration of Vanadium and Graphite – two commodities critical for the 'New Energy Market'.

The Company is currently fast tracking its world-class Caula Vanadium-Graphite project in Northern Mozambique, located along strike from the Syrah Resources Ltd (ASX:SYR) Balama Project, with first cash flows targeted for H2 of 2019 from trial mining operations.  New Energy Minerals' Caula project hosts a JORC (Measured) vanadium-graphite resource of 22 Mt @ 0.37% V2O5 (0.2% cut-off) and 13.4% TGC (8% cut-off) for 81,600 tonnes of vanadium pentoxide (180 million pounds) and 2.93 Mt of contained graphite.

New Energy minerals has a highly experienced Board of Directors, management, finance, exploration and geological team, with a 15-year track record of investment and successful project development in Mozambique and the Africa region. The Company aims to become a major provider of vanadium and graphite, both key components used in battery production.



Managing Director:
Christiaan Jordaan
T: +61-2-9239-3119

Media & Investor Relations:
Paul Armstrong
T: +61-8-9388-1474

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