2016 An Emerging Gemstone Miner in Mozambique
Tapping Into a US$2 Billion a Year Market
Sydney, May 29, 2017 AEST (ABN Newswire) - Mustang Resources Ltd (
ASX:MUS) (GGPLF:OTCMKTS) is pleased to provide the Company's latest Resources Rising Stars Investor Presentation May 2017.
Montepuez Ruby Project
Near-Term Cashflow from Bulk Sampling Program
- 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$2billion 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
- US$1.2 billion imports of coloured gemstones into US market (4.5% of diamond market) #
- Mustang market engagement in the USA & Asia has confimed unmet demand for ethically-mined rubies
Montepuez - A World-Class Gem Field
- The montepuez region in Mozambique is ideally positioned to rapidly secure a substantial share of the lucrative global ruby market
- Commercial potential highlighted by Gemfields' success in gereating US$225 million in ruby sales up to Dec 2016 (all during the exploration period)
- Montepuez gaining global prominence as the supply of equivalent quality rubies from Burma (Mogok) is very scarce
- Montepuez produces a wide variety of qualities for each of the different market segments
- Vast majority gem/facet quality rubies come from secondary deposits (alluvial/elluvial)
o Mustang (and its prospecting teams) only mine secondary deposits at present
- The Montepuez ruby field is very extensive, offering prospects of long mine lives
o Mustange has 195sqkm of highly prospective ground
- Montepuez ruby deposits are typically <15m from surface, free-digging and simple to process with good in-situ grades
o Formula for low-cost, high-margin mining operations
To view the full presentation, please visit:
http://abnnewswire.net/lnk/T6RTV976
* Source: Gemfields Annual Report
** Source: Gemval Relative Value Index
# Source: Global Mining Observer, Issue 131 July 2015
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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