New Energy Minerals granted trading halt ahead of scoping study release

Date: Oct 10, 2018

The company is progressing the Caula Vanadium-Graphite Project in Mozambique.

project site

New Energy recently produced high-grade vanadium concentrate

New Energy Minerals Ltd (ASX:NXE) has been granted a trading halt by the ASX today pending the release of an announcement in relation to a material scoping study report.

The halt will remain in place until the earlier of the start of normal trading on Thursday, October 11, or when the announcement is released to the market.

Earlier this week, the company changed its name from Mustang Resources after receiving shareholder approval and registration by the Australian Securities and Investment Commission (ASIC).

The name change reflects the company’s focus on vanadium and graphite exploration and mining, commodities that are crucial for the rapidly-growing new energy market.

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