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Edison Investment Research

Leading International Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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<p>The recently announced A$10m asset-for-shares swap with Fura Gems shifts Mustang’s primary focus to the Caula Graphite and Vanadium Project, which is located along strike from Syrah Resources’ large graphite project. Maiden Caula graphite and vanadium resources reflect high grades (13.4% and 0.37%, respectively). The scoping study due in Q318 will provide investors with insight into project economics, but the good grades and positive graphite metallurgical test results to date are encouraging signs. Trial mining could generate first revenues by mid-2019.</p>

The recently announced A$10m asset-for-shares swap with Fura Gems shifts Mustang’s primary focus to the Caula Graphite and Vanadium Project, which is located along strike from Syrah Resources’ large graphite project. Maiden Caula graphite and vanadium resources reflect high grades (13.4% and 0.37%, respectively). The scoping study due in Q318 will provide investors with insight into project economics, but the good grades and positive graphite metallurgical test results to date are encouraging signs. Trial mining could generate first revenues by mid-2019.

Mustang Resources - Focusing in on Caula Graphite and Vanadium

Australia

New Energy Minerals Ltd operates as a mineral mining and exploration company. The Company explores and produces vanadium and graphite. New Energy Minerals serves customers worldwide.

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Mustang Resources (NXE AU)

Mustang Resources - Focusing in on Caula Graphite and Vanadium

The recently announced A$10m asset-for-shares swap with Fura Gems shifts Mustang’s primary focus to the Caula Graphite and Vanadium Project, which...

Edison Investment Research

Mustang Resources - Focusing in on Caula Graphite and Vanadium

The recently announced A$10m asset-for-shares swap with Fura Gems shifts Mustang’s primary focus to the Caula Graphite and Vanadium Project, which...

Edison Investment Research

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52-week Range

Market Cap (USDm)

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