Mustang Resources Ltd (
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 (
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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
Managing Director:Mustang Resources Limited
Bernard Olivier
E: bernard@mustangresources.com.au
M: +61-4-08948-182
T: +27-66-4702-979
Media & Investor Relations:
Jane Morgan Management
Jane Morgan
E: jm@janemorganmanagement.com.au
T: +61-405-555-618
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