Corporate Presentation Mining Resources Convention
Sydney, Aug 29, 2017 AEST (ABN Newswire) - Mustang Resources Ltd (
ASX:MUS) provide the Corporate Presentation for the Mining Resources Convention titled: Mustang Poised For Rapid Growth
Highlights:
- MarketCap: ~A$35 million - only listed ruby miner in the world
- Flagship Montepuez Project located next to Gemfields PLC (Pre takeover marketcap: ~A$300 million
o GEM:US$280 million of rough ruby sales from 8 auctions since June 2014
- Mustang identified multiple ruby deposits in 193 km2 land package
- Initial bulk sample confirms significant new ruby discovery on recently acquired licence
- Plant working at full capacity of ~1,500 tpd with consistent daily recoveries of high-quality rubies
- Current ruby inventory of > 147,000 cts, up from 500 cts in October 2016
- Mustang on track for first sales revenue with 200,000 cts auction in Port Louis, Mauritius 27 to 30 October 2017
- Leading global ruby buyers have confirmed their attendance at the auction
- Additional upside from Caula Graphite Project a shallow high grade graphite deposit
To the presentation, please visit:
http://abnnewswire.net/lnk/1F2R7DKK
About New Energy Minerals Ltd
New 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.
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