Developing the World Class Caula Vanadium Graphite Project
Sydney, Sep 17, 2018 AEST (ABN Newswire) - Mustang Resources Ltd (
ASX:MUS) (GGY:FRA) (MTTGF:OTCMKTS) Presentation: Developing the world class Caula Vanadium Graphite Project
Highlights:
Focused on the mining and exploration of 'New Energy Minerals', critical commodities for the lithium and vanadium battery markets, next generation steel and fire-resistant building materials
Mustang is fast-tracking the world-class Caula Vanadium-Graphite project with first cash flows targeted for H2 of 2019
Mustang's Caula project hosts a JORC (Measured) vanadium-graphite resource of 22 Mt @ 0.37% V205 (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
High grade intersections of up to 1.9% V205 and 29% TGC
Simple and robust fully integrated processing flowsheet developed to deliver both graphite and vanadium products
Highly experienced board of directors and management team with a proven track record in developing profitable projects in Mozambique and Africa in general
Mustang to change its name to 'New Energy Minerals (ASX:NXE)' (subject to shareholder approval at 2 October 2018 EGM)
To view the presentation, please visit:
http://abnnewswire.net/lnk/0O578HDV
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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