121 Investor Presentation - February 2018
Sydney, Feb 6, 2018 AEST (ABN Newswire) - Mustang Resources Ltd (
ASX:MUS) (GGPLF:OTCMKTS) provides the Company's latest Investor 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 deposit, 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 3,300m strike (open ended)
Montepuez - A World-Class Gem Field
- Commercial potential highlighted by Gemfields' success in generating ~US$335 million in ruby sales up to December 2017
- Vast majority gem/facet quality rubies come from secondary deposits (colluvial/elluvial)
- The Montepuez ruby field is very extensive, offering prospects of long mine lives
- Montepuez ruby deposits are typically <15m from surface, freedigging and simple to process with potential for good in-situ grades
- Formula for low-cost, high-margin mining operations
Key Investment Takeaways
- Premier ruby project in a world-class gemstone province
- Management team with in-country experience & "skin in the game"
- Ruby Sales and market development progressing well
- Outstanding exploration upside and growth potential on both projects
- Significant additional upside from Tier-1 High Grade Caula graphite project
To view the full presentation, please visit:
http://abnnewswire.net/lnk/464YA0H6
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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