View in Other Languages 13661 5937 
Corporate Presentation March 2018
Corporate Presentation March 2018
Sydney, Feb 28, 2018 AEST (ABN Newswire) - Mustang Resources Ltd (ASX:MUS) (OTCMKTS:GGPLF) provides the Company's latest Corporate 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 deposits, 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 4,200m strike (open ended)

Montepuez Ruby Project - Development

- STRATEGY: Systematically build a resource base & generate revenue whilst doing so

o Test pitting+ bulk sample + sales = JORC Resource

- New high-grade and shallow ruby deposits excavated and being processed at present; ruby inventory expected to increase significantly

- Initial processing of material from highly prospective deposits within new licence delivering exceptional results

- Average grade increased 10% from October 2017 onwards compared with average grade for all previously processed material

- Optimisation of processing plant with improvements and upgrades completed during December quarter 2017

To view the full presentation, please visit:
http://abnnewswire.net/lnk/C771VXSS


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.

  


Contact

Managing Director
Dr.Bernard Olivier
E: bernard@mustangresources.com.au
Web: www.mustangresources.com.au



Related Companies

New Energy Minerals Ltd   

ABN Newswire This Page Viewed:  (Last 7 Days: 11) (Last 30 Days: 49) (Since Published: 5937) 

View in Other Languages 13661 5937  (19598)