Developing the World-class Caula Vanadium-Graphite Project
July 2018 Investor Presentation
Mustang - becoming a vanadium & graphite producer
- Recently announced ruby asset merger with Fura Gems Inc. (CVE:FURA) for A$10 million in Fura shares plus A$25 million committed investment (see Note below)
- Strategic deal allows Mustang to focus on worldclass Caula Vanadium-Graphite project*:
o 22 Mt @ 0.37% vanadium pentoxide (V2O5) (0.2 % cut-off)
o Total contained V2O5 of 81,600 tonnes (~180 Mlb); PLUS
o 317% increase in graphite resource to 21.9Mt @ 13.4% TGC (8% cut-off)
[Refer to ASX Announcements dated 21 July 2018 and 24 July 2018 for further details]
- Mozambique is Pro-mining and foreign investment
- Highly experienced team with a +15 year track record in developing profitable projects in Mozambique and Africa in general
Note: Refer to ASX Announcement dated 17 July 2018 for more details
To view the full presentation, please visit:
About Mustang Resources Ltd
New Energy Minerals Ltd is an ASX-listed company (ASX:MUS) focused on the development of the Caula Vanadium-Graphite Project in Northern Mozambique, located along strike from the Syrah Resources Ltd (ASX:SYR) Balama Project. In July 2018 New Energy Minerals announced a maiden vanadium mica-hosted JORC Measured Resource for Caula of 22Mt at 0.37% V2O5 for 81,600 tonnes of contained vanadium pentoxide. The Company concurrently announced a 317% increase in its JORC Graphite Resource to 21.9Mt at 13.4% Total Graphitic Carbon ("TGC") (8% cut-off), for a total of 2,933,100 tonnes of contained Graphite, all in the measured category.
The Company has a highly experienced board and management team with a 15-year track record of investment and successful project development in Mozambique and the Africa region. With the aim to become a key provider of vanadium and graphite, both key components used in battery production.
Mustang Resources Ltd
Fura Gems Inc.