Developing the World-class Caula Vanadium-Graphite Project

Mustang Resources Ltd (ASX:MUS) (OTCMKTS:MTTGF) provides the Company's 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

New Energy Minerals Ltd is an ASX listed company focused on the mining and exploration of Vanadium and Graphite – two commodities critical for the 'New Energy Market'.

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.



Dr. Bernard Olivier
Managing Director
M: +61-4-08948-182
T: +27-66-4702-979

Link: July 2018 Investor Presentation

Related Companies

New Energy Minerals Ltd

Fura Gems Inc.

Related Industry Topics:
Materials General Mining Graphite Gemstones