New Energy Minerals Ltd Stock Market Press Releases and Company Profile

View in Other Languages Mustang Resources Ltd (ASX:MUS) Präsentation für Nordamerikanische Investoren - Oktober 2017 Mustang Resources Ltd (ASX:MUS) North American Investor Presentation - October 2017 
North American Investor Presentation - October 2017
North American Investor Presentation - October 2017

Sydney, Oct 6, 2017 AEST (ABN Newswire) - Mustang Resources Ltd (googlechartASX:MUS) (googlechartGGPLF:OTCMKTS) provides the Company's latest North American Investor 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 cash flow 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 global ruby demand is soaring and exceeds supply

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 October2017 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

Tapping into a US$2b-a-year market

- 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$2 billion 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

o Record US$54.5million June 2017 Mozambique rough ruby auction

- US$1.2billion imports of coloured gemstones into US market (4.5% of diamond market)

- Mustang market engagement in the USA & Asia has confirmed unmet demand for ethically-mined rubies

To view the full presentation, please visit:
http://abnnewswire.net/lnk/8UE8ULZ0


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: christiaan@mustangresources.com.au
T: +61-2-9239-3119



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