Developing the World-class Caula Vanadium-Graphite Project
Mustang Resources Ltd (Mustang - becoming a vanadium & graphite producer
- Recently announced ruby asset merger with Fura Gems Inc. (
- 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:
http://abnnewswire.net/lnk/RTPZ19TY
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.
Contact
Dr. Bernard OlivierManaging Director
E: bernard@mustangresources.com.au
M: +61-4-08948-182
T: +27-66-4702-979
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