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 New Energy Minerals Ltd
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.
New Energy Minerals Ltd
Fura Gems Inc.