Investor Presentation - February 2017
Sydney, Feb 2, 2017 AEST (ABN Newswire) - Mustang Resources Ltd (
ASX:MUS) is pleased to provide the Company's Investor Presentation titled "An Emerging Gemstone Miner in Mozambique".
Overview: Mustang Poised For Rapid Growth
- Market Cap: ~A$25M one of only 2 listed ruby miners in the world
- Flagship Montepuez Project located next to London-listed Gemfields (LON:GEM) (Market cap: A$433m)
- Multiple ruby deposits identified in 160sqkm land package
- Aggressive drilling campaign to build inventory & JORC Resource in H2 2017
- Throughput rates now ramping up to three times previous rate following successful plant relocation
- First commercial parcel of rubies totalling 6,221cts sent to USA in January 2017
o Aim to establish market values and customer relationships
- Mustang on track for first sales revenue Q2 2017
- Additional upside from Balama Graphite Project, located in world-class graphite province
To view the presentation, please visit:
http://abnnewswire.net/lnk/CF8W582G
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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