Mustang Resources Ltd: Developing the World Class Caula Vanadium Graphite Project
Sydney, Australia - Mustang Resources Ltd. (ASX:MUS) (FRA:GGY) (OTCMKTS:MTTGF) Presentation: Developing the world class Caula Vanadium Graphite ProjectHighlights:
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's Caula project hosts a JORC (Measured) vanadium-graphite resource of 22 Mt @ 0.37% V205 (0.2% cut-off) and 13.4% TGC (8% cut-off) for 81,600 tonnes of vanadium pentoxide (180 million pounds) and 2.93 Mt of contained graphite
High grade intersections of up to 1.9% V205 and 29% TGC
Simple and robust fully integrated processing flowsheet developed to deliver both graphite and vanadium products
Highly experienced board of directors and management team with a proven track record in developing profitable projects in Mozambique and Africa in general
Mustang to change its name to 'New Energy Minerals (ASX:NXE)' (subject to shareholder approval at 2 October 2018 EGM)
To view the presentation, please visit:
http://abnnewswire.net/lnk/0O578HDV
About Mustang Resources Ltd:
Mustang Resources Ltd. (ASX:MUS) (FRA:GGY) is an ASX listed company focused on the development of the Caula Vanadium-Graphite Project in Northern Mozambique, located along strike from the Syrah Resources Ltd. (ASX:SYR) Balama Project. In July 2018 Mustang announced a maiden vanadium JORC Measured Resource for Caula of 22Mt at 0.37% V2O5 for 81,600 tonnes of contained vanadium pentoxide. The Company concurrently announced a 317% increase in its JORC Graphite Resource to 21.9Mt at 13.4% Total Graphitic Carbon ("TGC") (8% cut-off), for a total of 2,933,100 tonnes of contained Graphite, all in the measured category.
The Company has a highly experienced board and management team with a 15-year track record of investment and successful project development in Mozambique and the Africa region. With the aim to become a key provider of graphite and vanadium, both key components used in battery production, the company currently has a scoping study underway, which is due for completion in Q3 2018.
Visit the Mustang website at http://www.mustangresources.com.au for more information.
Source:
Mustang Resources Ltd.
Contact:
Managing Director: Mustang Resources Ltd. Bernard Olivier E: bernard@mustangresources.com.au M: +61-4-08948-182 T: +27-66-4702-979 Media & Investor Relations: Jane Morgan Management Jane Morgan E: jm@janemorganmanagement.com.au T: +61-405-555-618