Mustang Resources Ltd (ASX:MUS) (FRA:GGY) Ruby Inventory Continues to Grow

Listed on the Frankfurt Stock Exchange in response to rapidly growing interest in the Company's ruby and graphite projects from European investors

Mustang Resources Limited (ASX:MUS) (FRA:GGY) is pleased to announce that its gem-ruby inventory has grown to 63,989cts with strong receipts from prospecting teams and processing from the Alpha deposit in the first three weeks of March.

Furthermore, the Company is pleased to announce that the first Montepuez 'Special Stones' sent to the US have now been cut by internationally-recognised gemstone cutter and polisher Meg Berry. They are currently being polished in preparation for certification at the GIA Laboratory and their sale in Q2 2017.

Mustang also announces that the Company's fully paid ordinary shares have recently listed on the Frankfurt Stock Exchange, trading under the symbol GGY. The Company retains its primary listing on the Australian Securities Exchange.

The listing in Frankfurt is a result of the growing interest in the Company's Montepuez Ruby Project and in the Caula Graphite Project from European investors. Both projects are located in northern Mozambique.


About New Energy Minerals Ltd

New Energy Minerals (ASX:NXE) 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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