Appoints Senior Resources Executive to the Board
Sydney, May 23, 2017 AEST (ABN Newswire) - Mustang Resources (ASX:MUS) (GGPLF:OTCMKTS) ("Mustang" or the "Company") is pleased to announce that highly experienced resource industry executive Peter Spiers has been appointed as a Non-executive Director.
Mr Spiers has more than 30 years of international experience in the resources industry spanning exploration, mine development, operations and commercial roles.
He spent 15 years with Western Mining Corporation ("WMC"), during which time he worked as a senior geologist, project manager and lastly Group Manager - Business Development prior to WMC being acquired by BHP Billiton (ASX:BHP) for A$9.2billion.
Subsequent to his employment with WMC, Mr Spiers was Managing Director of Orbis Gold (ASX:OBS), an ASX-listed West African gold company which was acquired for A$170 million in 2015 by SEMAFO Inc. at a 98% bid premium.
Mr Spiers is a graduate geologist from the University of Melbourne and a Member of the Australasian Institute of Mining and Metallurgy.
Mustang Chairman Ian Daymond said Mr Spiers' combination of extensive technical skills, project management expertise and commercial experience would be highly valuable to Mustang as it established its Montepuez Project in Mozambique as a world-class ruby producer.
"Peter's experience in a wide range of technical and commercial roles within the resources industry means he is perfectly placed to assist Mustang as we ramp up ruby production ahead of our first auction in October," Mr Daymond said.
"Peter will be able to provide valuable advice, ranging from exploration and project development through to marketing and commercial issues as we continue work to unlock the value of our outstanding assets."
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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.
Orbis Gold Limited
New Energy Minerals Ltd
BHP Billiton Limited