New Energy Minerals Ltd Stock Market Press Releases and Company Profile

View in Other Languages Mustang Resources Ltd (ASX:MUS) Unternehmenspräsentation beim Diggers and Dealers Mining Forum Mustang Resources Ltd (ASX:MUS) Corporate Presentation at Diggers and Dealers Mining Forum 
Corporate Presentation at Diggers and Dealers Mining Forum
Corporate Presentation at Diggers and Dealers Mining Forum

Sydney, Aug 7, 2017 AEST (ABN Newswire) - Mustang Resources Ltd (googlechartASX:MUS) (googlechartGGPLF:OTCMKTS) provides the Company's latest Corporate Presentation at Diggers and Dealers Mining Forum.

Overview: Mustang Poised For Rapid Growth

- Market Cap: ~A$27million only listed ruby miner in the world

- Flagship Montepuez Project located next to Gemfields PLC (Pre takeover market cap: ~A$300million)

o GEM: US$280million of rough ruby sales from 8 auctions since June 2014

- Multiple ruby deposits identified in 193km2 land package

- Throughput rates significantly ramped up following successful plant upgrades

- Current ruby inventory of ~132,000 cts, up from 500 cts in October 2016

- Mustang on track for first sales revenue with 200,000cts auction in October 2017

- Initial bulk sample confirms significant new ruby discovery on recently acquired licence

o Shallow secondary deposit, with initial bulk sample of 5,692 m3 delivering 4,445 cts of gem quality rubies

o Consistent recovery of stones classed in the special/premium category

o Extensive secondary ruby mineralisation proven over 2.2km strike (open ended)

- Additional upside from Caula Graphite Project a shallow high grade graphite deposit

Caula Graphite Project
Superior Metallurgy Proven with Prelim Testing

- Metallurgical tests have produced high-grade concentrates (>95% TGC) and exceptional recoveries (96% recovery from fresh rock composite sample) from the Caula Graphite Project

- More than 55% of the fresh graphite assayed has been classed as Jumbo and Large Flake (46% classed as Jumbo and Large Flake for fresh and oxide composites combined)

- Tests were conducted using a simple, conventional flowsheet processing samples with ~13% Total Graphitic Carbon (TGC) head grade

- Results demonstrate Caula's potential to be a low-cost supplier to the expandable graphite and lithium ion battery industries

- The TGC recoveries of both samples are expected to improve with:

o Further flowsheet optimisation.

o Recycling of intermediate tailings streams during locked cycle testing. Current testwork was carried out under open circuit conditions with reported recoveries excluding graphite from intermediate tailings streams.

- Results will underpin maiden JORC Resource scheduled for release in September 2017; scoping study to commence immediately thereafter

To view the full presentation, please visit:
http://abnnewswire.net/lnk/6260I889


About New Energy Minerals Ltd

New Energy Minerals LtdNew Energy Minerals Ltd (ASX:NXE) (FRA:GGY) 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.

https://twitter.com/newenergy_min abnnewswire.com 


Contact

Managing Director:
Christiaan Jordaan
E: christiaan@mustangresources.com.au
T: +61-2-9239-3119



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