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North American Investor Presentation - October 2017
North American Investor Presentation - October 2017
Sydney, Oct 6, 2017 AEST (ABN Newswire) - Mustang Resources Ltd (ASX:MUS) (OTCMKTS:GGPLF) provides the Company's latest North American Investor Presentation.

Overview: Mustang Poised For Rapid Growth

GOAL: To become one of the world's leading suppliers of high quality Mozambique rubies through regular closed-bid tenders

- Mustang is the only listed ruby miner in the world

- Ruby production successfully ramped up at the Montepuez project in Mozambique

- Ruby inventory grown to 277,000 carats (as at Sept 12) - well ahead of initial target of 200,000 carats by end of October

- First ruby tender 27 to 30 October 2017, set to generate significant maiden cash flow for Mustang

- Leading global ruby buyers have confirmed their intention to take part in the tender

- Evidence from recent auctions and feedback from buyers show global ruby demand is soaring and exceeds supply


- Host a strong maiden rough ruby tender 27 to 30 October 2017 to generate significant early cash flows

- Reinvest portion of maiden tender proceeds for low cost scale up of existing processing plant and set up an additional processing plant to achieve targeted 1 to 2 Mtpa processing capacity

- Rapidly grow ruby inventory from increased processing capacity to deliver at least two tenders in CY-2018 moving to minimum three per year from CY-2019

- Establish a minimum 10 year JORC Compliant Resource through investing into aggressive auger drilling and pitting program post October2017 tender

- Pursue opportunities to grow landholding in world class Montepuez gem field to >400sqkm from 193sqkm

- Increase economic interest in main existing projects


Tapping into a US$2b-a-year market

- Rubies are the most expensive gemstone after diamonds - with fine rubies +5cts extremely rare

- Before the 2009 discovery of the Montepuez field in Mozambique, supply was highly fragmented and unreliable (Myanmar, Afghanistan, Madagascar)

- Consistency of supply from Montepuez provides opportunity for rapid growth in ruby market size

- Global polished ruby market size estimated at US$2 billion p.a (2014) - total coloured gemstone market (ruby, sapphire & emerald) estimated at US$5.9 billion p.a (2015)

- Consumer demand has caused prices of rubies to increase 63% over past 8 years

- Market size continues to grow:

o Coloured gemstone market grew 13% in 2015 period while diamonds decreased 17% from US$84 billion to US$70 billion

o Strong demand from US, Europe, India, Thailand and China

o Record US$54.5million June 2017 Mozambique rough ruby auction

- US$1.2billion imports of coloured gemstones into US market (4.5% of diamond market)

- Mustang market engagement in the USA & Asia has confirmed unmet demand for ethically-mined rubies

To view the full presentation, please visit:

About New Energy Minerals Ltd

New Energy Minerals Ltd (ASX:NXE) (FRA:GGY) 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.



Managing Director:
Christiaan Jordaan
T: +61-2-9239-3119

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New Energy Minerals Ltd   

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