Developing the World-class Caula Vanadium-Graphite Project
July 2018 Investor Presentation
Sydney, July 25, 2018 AEST (ABN Newswire) - Mustang Resources Ltd (
ASX:MUS) (MTTGF:OTCMKTS) provides the Company's July 2018 Investor Presentation.
Mustang - becoming a vanadium & graphite producer
- Recently announced ruby asset merger with Fura Gems Inc. (CVE:FURA) for A$10 million in Fura shares plus A$25 million committed investment (see Note below)
- Strategic deal allows Mustang to focus on worldclass Caula Vanadium-Graphite project*:
o 22 Mt @ 0.37% vanadium pentoxide (V2O5) (0.2 % cut-off)
o Total contained V2O5 of 81,600 tonnes (~180 Mlb); PLUS
o 317% increase in graphite resource to 21.9Mt @ 13.4% TGC (8% cut-off)
[Refer to ASX Announcements dated 21 July 2018 and 24 July 2018 for further details]
- Mozambique is Pro-mining and foreign investment
- Highly experienced team with a +15 year track record in developing profitable projects in Mozambique and Africa in general
Note: Refer to ASX Announcement dated 17 July 2018 for more details
To view the full presentation, please visit:
http://abnnewswire.net/lnk/RTPZ19TY
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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