New Energy Minerals Ltd.

Mustang Resources announces that its non-renounceable pro rata rights issue of one new share offered for every four fully paid ordinary shares held by eligible shareholders at an issue price of $0.023 per New Share closed on Thursday, 22 March 2018 at 5.00pm WST. Results of the Offer The Company received 849 applications under the Entitlement Offer from eligible shareholders for a total of 106,811,504 New Shares. The [...]

Mustang Resources is pleased to provide an update on the recently completed diamond drilling program at the Company's graphite Licence 5873L, to the south of the main part of the high-grade Caula Graphite & Vanadium Project in the world-class mineral province in Northern Mozambique. Key Points - Further high-grade results over extensive widths from diamond drilling on Licence 5873L, 7.5km south of previous drilling on [...]

Mustang Resources is pleased to announce that a strategic review led by new Managing Director Dr Bernard Olivier concludes the Company's Caula Graphite Project in Mozambique could achieve first production by the middle of next year. Dr Evan Kirby, who recently joined the Mustang Board of Directors as a Non-Executive Director and consultant with significant graphite and vanadium experience, assisted Dr Olivier in the [...]

Mustang Resources is pleased to announce good drilling results from its Caula Graphite and Vanadium Project in Mozambique. Key Points - High-grade results over extensive widths from the latest diamond drilling program at Caula Graphite and Vanadium project - Assays show grades of up to 24.2% Total Graphitic Carbon and 1.02% Vanadium - Results from 1m composite samples include: o 125m at 14.1% TGC average ; including -- 96 [...]

Mustang Resources is pleased to announce that a strategic review led by new Managing Director Dr Bernard Olivier has found that the Company's Caula Graphite Project in Mozambique is well on track for first production by the middle of next year. The review also established that Stage 1 of Caula will produce vanadium concentrate which can be either sold or stockpiled for further processing to high purity vanadium products [...]

Mustang Resources is pleased to announce the appointment of experienced resources executive Dr. Evan Kirby as a Non-Executive Director. Mustang Chairman Ian Daymond said Dr Kirby, who is a metallurgist with more than 40 years' experience, brings a wealth of corporate and technical expertise to Mustang. In particular, over the last couple of years his primary focus has been the development of an African based graphite [...]

Mustang Resources is pleased to announce that following a recently-completed review of its sales and marketing strategy, the Company has decided to implement a series of measures which better reflect the current exploration and development status of its Montepuez Ruby Project in Mozambique. The review was initiated and overseen by Mustang's new Managing Director, Dr Bernard Olivier, who has more than 18 years' experience [...]

Mustang Resources is pleased to announce that it has taken another key step in its strategy to establish Montepuez as a world-class ruby project, upgrading another exploration licence to a mining concession. The Government of Mozambique has issued Mining Concession 8955C over the area previously covered by Prospecting & Exploration Licence 8245L, which forms an integral part of the Company's Montepuez Ruby Project. The [...]

Mustang Resources 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 [...]

Mustang Resources advises that further to the announcement today 22 February 2018 in relation to the Company's one-for-four non-renounceable entitlement issue the time table contained in the Offer Document has been updated. To view the updated Offer Document. Listed on the Australian Securities Exchange, Mustang Resources Ltd. is an emerging gemstone developer and producer focused on the near-term development of the [...]