Corporate Presentation
Sydney, Sep 25, 2017 AEST (ABN Newswire) - Mustang Resources Ltd (
ASX:MUS) (GGPLF:OTCMKTS) provides the Company's latest Corporate 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 cashflow 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
18 MONTH STRATEGIC OBJECTIVES
- 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 October 2017 tender
- Pursue opportunities to grow landholding in world class Montepuez gem field to >400sqkm from 193sqkm
- Increase economic interest in main existing projects
= OPPORTUNITY TO DELIVER CONSISTENT LONG TERM CASHFLOW FOR SHAREHOLDERS
To view the full presentation, please visit:
http://abnnewswire.net/lnk/3G980Y12
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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