New Energy Minerals Ltd Stock Market Press Releases and Company Profile
Corporate Presentation Mining Resources Convention
Corporate Presentation Mining Resources Convention

Sydney, Aug 29, 2017 AEST (ABN Newswire) - Mustang Resources Ltd (googlechartASX:MUS) provide the Corporate Presentation for the Mining Resources Convention titled: Mustang Poised For Rapid Growth

Highlights:

- MarketCap: ~A$35 million - only listed ruby miner in the world

- Flagship Montepuez Project located next to Gemfields PLC (Pre takeover marketcap: ~A$300 million

o GEM:US$280 million of rough ruby sales from 8 auctions since June 2014

- Mustang identified multiple ruby deposits in 193 km2 land package

- Initial bulk sample confirms significant new ruby discovery on recently acquired licence

- Plant working at full capacity of ~1,500 tpd with consistent daily recoveries of high-quality rubies

- Current ruby inventory of > 147,000 cts, up from 500 cts in October 2016

- Mustang on track for first sales revenue with 200,000 cts auction in Port Louis, Mauritius 27 to 30 October 2017

- Leading global ruby buyers have confirmed their attendance at the auction

- Additional upside from Caula Graphite Project a shallow high grade graphite deposit

To the presentation, please visit:
http://abnnewswire.net/lnk/1F2R7DKK


About New Energy Minerals Ltd

New Energy Minerals LtdNew 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.

https://twitter.com/newenergy_min abnnewswire.com 


Contact

Managing Director:
Christiaan Jordaan
E: info@mustangresources.com.au
T: +61-2-9239-3119

Media & Investor Relations:
Paul Armstrong
E: paul@readcorporate.com.au
T: +61-8-9388-1474



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