Corporate Presentation March 2018
Sydney, Feb 28, 2018 AEST (ABN Newswire) - Mustang Resources Ltd (
ASX:MUS) (GGPLF:OTCMKTS) provides the Company's latest Corporate Presentation.
Montepuez Ruby Project - New Discovery
- The Montepuez region in Mozambique represents a substantial share of the lucrative global ruby market
- Mustang's initial bulk sampling confirms significant new ruby discovery on licences with scope for expansion
- Shallow secondary deposits, with initial bulk sampling delivering gem quality rubies
- Consistent recovery of full quality range including premium category stones
- Mustang has 143sqkm of highly prospective ground and extensive secondary ruby mineralisation proven over 4,200m strike (open ended)
Montepuez Ruby Project - Development
- STRATEGY: Systematically build a resource base & generate revenue whilst doing so
o Test pitting+ bulk sample + sales = JORC Resource
- New high-grade and shallow ruby deposits excavated and being processed at present; ruby inventory expected to increase significantly
- Initial processing of material from highly prospective deposits within new licence delivering exceptional results
- Average grade increased 10% from October 2017 onwards compared with average grade for all previously processed material
- Optimisation of processing plant with improvements and upgrades completed during December quarter 2017
To view the full presentation, please visit:
http://abnnewswire.net/lnk/C771VXSS
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.
| ||
|
