New Energy Minerals Ltd. is pleased to announce that it has entered into a binding agreement , with a Hong Kong-based investor group, in relation to a strategic equity placement and asset level investment and incorporated joint venture in respect of the Caula Vanadium-Graphite project. Highlights - Agreement with a strategic investor group led by Mr. Louis Ching, a highly influential Hong Kong-based businessman with [...]
New Energy Minerals Ltd. is pleased to provide an update to the market in relation to the Company's activities for the period ending 30 September 2018. HIGHLIGHTS - The feasibility study drilling program on the Caula Vanadium-Graphite Project in Northern Mozambique was completed with 3,025m of diamond drilling and 1,130m of reverse-circulation drilling completed in Q3 - Caula hosts a JORC mica-hosted vanadium resource of [...]
New Energy Minerals Ltd. provides the Company's latest Investor Presentation. BUILDING STRONGER, SAFER BUILDINGS - Graphite is a key material in the expandable graphite market, which is widely used in the next generation of fire-retardant material building materials. - With China forecasted to require a total of 40Mtpa of fire-retardant building materials per year, and 5% of this product being made of Graphite, this [...]
New Energy Minerals Ltd. is pleased to report the results of an independent Scoping Study completed by mining consultant group Bara International on the Company's 80% owned Caula Vanadium Graphite Project located in Mozambique. Highlights - The Study demonstrates the viability of an open pit vanadium and graphite mining operation with outstanding economics - Mine life of 26 years based entirely on the JORC Measured [...]
Mustang Resources Ltd. is pleased to announce that following approval by shareholders on 2 October 2018 and registration by the Australian Securities and Investment Commission , the Company's corporate name has changed to "New Energy Minerals Ltd", to reflect its focus on vanadium and graphite exploration and mining, critical commodities for the rapidly growing New Energy Market. Highlights - Following approval by [...]
Mustang Resources Ltd. is pleased to announce that preliminary vanadium testwork has produced outstanding recovery and concentrate results, from bench-scale metallurgical testwork, on ore from the Fresh Zone of the Caula Vanadium-Graphite Project in Mozambique. Through the integrated graphite and vanadium flowsheet, the testwork utilised Wet High Intensity Magnetic Separation on composite samples, which resulted in a [...]
Mustang Resources Ltd. provides the Company's Annual Report to shareholders. Review of Operations During the financial year under review the Company continued with the respective exploration programs for its Montepuez Ruby Project as well the Caula Graphite and Vanadium Project. During the second half of the reporting period, both projects were subjected to a comprehensive internal review and viability analysis of their [...]
Mustang Resources Ltd. provides the Company's latest Investor Presentation at Hong Kong Roadshow. INVESTMENT HIGHLIGHTS - Focused on the mining and exploration of 'New Energy Minerals', critical commodities for the lithium and vanadium battery markets, next generation steel and fire-resistant building materials - Mustang is fast-tracking the world-class Caula Vanadium-Graphite project with first cash flows targeted for H2 [...]
Mustang Resources Ltd. Presentation: Developing the world class Caula Vanadium Graphite Project Highlights: Focused on the mining and exploration of 'New Energy Minerals', critical commodities for the lithium and vanadium battery markets, next generation steel and fire-resistant building materials Mustang is fast-tracking the world-class Caula Vanadium-Graphite project with first cash flows targeted for H2 of 2019 [...]
Mustang Resources Ltd. is pleased to announce that the feasibility study drilling program at its flagship Caula Vanadium-Graphite project in Mozambique has been successfully completed ahead of schedule. A total of 3,025m of diamond drilling and 1,130m of reverse-circulation drilling over 34 holes have been completed for a total of 4,155m, with the core and chips currently being cut and sampled on site. Highlights - The [...]
On 31 August 2018 Mustang Resources Ltd. issued a shareholder letter entitled "Mustang to be renamed "New Energy Minerals Ltd to reflect its focus on the world-class Caula Vanadium-Graphite Project". Following discussions with the ASX, Mustang hereby retracts the peer comparison information contained in the shareholder letter. Retracted Statements; On pages 2 and 3 of the shareholder letter, information was provided in [...]
Mustang Resources provides the Shareholder Letter. Dear Shareholders, I refer to the accompanying Notice of Meeting containing a number of proposed resolutions. In July 2018, the Company announced the merger of its ruby assets with Fura Gems Inc. , for the consideration of AU$10 million in Fura shares over three tranches and an AU$25 million spending commitment to be allocated to the enlarged Fura ruby project, subject to [...]
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