Mustang Resources to outline shift in focus to battery metals at Proactive CEO Sessions
Date: Sep 4, 2018
Director Christiaan Jordaan will explain reasoning behind the proposed name change to New Energy Minerals Ltd.
Mustang Resources Ltd (ASX:MUS) is shifting its focus to the key battery metals of vanadium and graphite and this process involves a proposed name change to New Energy Minerals Ltd (ASX:NXE).
Geographical focus remains on Mozambique with the Caula Vanadium-Graphite Project, adjacent to the Montepuez Ruby Project which the company is divesting to Fura Gems Inc (CVE:FURA).
With this transaction allowing Mustang to devote attention to the world-class Caula project, non-executive director Christiaan Jordaan will outline fast-tracking plans at this month’s Proactive CEO Sessions.
The 80%-owned Caula project is directly along strike from and due north of the Balama Graphite Project of Syrah Resources Ltd (ASX:SYR).
Given the strong demand for vanadium and large-flake graphite, coupled with the exceptional results from Caula to date in 2018, Jordaan will explain why the company has taken the decision.
