Montepuez Ruby Project - Update
Sydney, Nov 7, 2017 AEST (ABN Newswire) - Further to the announcement last week on the tender results, Mustang Resources Ltd (
ASX:MUS) (GGPLF:OTCMKTS) wishes to confirm that it is currently undertaking a detailed assessment of the market intelligence gathered from the first tender concluded Monday last week.
The results of this assessment will play a key role in determining Mustang's future operational and marketing strategies. The strategies will also reflect the feedback referred to in its ASX release dated 1 November 2017 regarding ruby categories and volumes.
Mustang expects to update the market in this regard within the next 2 weeks.
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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