New Energy Minerals Ltd

Mustang Resources Ltd (ASX:MUS) is pleased to announce that it has agreed to acquire a 65 per cent interest in a new highly strategic ruby license (License 8245L) which borders its existing Montepuez Ruby Project in Mozambique.

Mustang Resources Ltd (ASX:MUS) is pleased to announce that Baker Young Stockbrokers has released an updated research report on the Montepuez Ruby Project and the Balama Graphite Project which Mustang is developing in Northern Mozambique.

Mustang Resources Ltd (ASX:MUS) is pleased to announce that its increase of processing capacity is firmly on track, with the first phase of its processing plant ramp-up successfully completed at the Montepuez project in Mozambique.

Mustang Resources Ltd (ASX:MUS) is pleased to report encouraging preliminary results from the recently completed diamond drilling program at the Company's high-grade Balama Graphite Project, located in the world-class graphite province of Northern Mozambique.

Mustang Resources Ltd (ASX:MUS) is pleased to provide the Company's latest Investor Presentation titled "An Emerging Gemstone Miner in Mozambique".

The December 2016 Quarter has been a pivotal period for Mustang Resources (ASX:MUS) which saw the Company put in place all of the foundations required to unlock the value of its flagship Montepuez Ruby Project in the Cabo Delgado Province of north-eastern Mozambique and become a significant new player in the rapidly growing global coloured gemstone market.

Mustang Resources Ltd (ASX:MUS) is pleased to advise that its strategy to ramp up production and generate the first sales revenue at its Montepuez Ruby Project in Mozambique is firmly on track, with commissioning of the relocated processing plant now completed.

Mustang Resources Limited (ASX:MUS) is pleased to announce that it has received formal commitments to raise $2.8 million in an oversubscribed placement led by US institutional investors in conjunction with Australian sophisticated investors through the issue of 133.4 million new ordinary shares, ranking pari passu with existing holders, at an issue price of 2.1 cents per share.

Mustang Resources Limited (ASX:MUS) is pleased to provide an update concerning the progress being made at its flagship Montepuez Ruby Project, as well as recent developments on its Balama Graphite Project.