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Corporate Presentation March 2018
Corporate Presentation March 2018
Sydney, Feb 28, 2018 AEST (ABN Newswire) - Mustang Resources Ltd (ASX:MUS) (OTCMKTS:GGPLF) 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 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.

  


Contact

Managing Director
Dr.Bernard Olivier
E: bernard@mustangresources.com.au
Web: www.mustangresources.com.au



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