Sydney, Australia (ABN Newswire) - New Energy Minerals Limited (ASX:NXE) (FRA:GGY) (OTCMKTS:MTTGF) is pleased to provide an update to the market in relation to the Company's activities for the period ending 30 June 2021. HIGHLIGHTS A site visit over several days by a consulting geologist took place in July and preliminary field work has commenced on the Hurricane Gold Project in North Queensland, Australia in anticipation of shareholder approval for the proposed acquisition. Many mineralised...
Sydney, Australia (ABN Newswire) - New Energy Minerals Limited (ASX:NXE) (FRA:GGY) (OTCMKTS:MTTGF) announces that it has reached a settlement with Arena Structured Private Investments (Cayman) LLC ("Arena"), in relation to a $2.5 million (face value) convertible note facility provided to the Company which has been the subject of a claim by Arena and counterclaim by New Energy following the termination of the Convertible Note Deed in November 2018. The Convertible Note Deed was executed on 5...
Sydney, Australia (ABN Newswire) - New Energy Minerals Limited (ASX:NXE) (FRA:GGY) (OTCMKTS:MTTGF) is pleased to provide an update to the market in relation to the Company's activities for the period ending 31 December 2020. Corporate Update New Project Acquisition The Company has previously announced with the closing of the Balama Sale Transaction on 17 July 2020 that it has no further operations in Mozambique and that the closing also represented a disposal of its main undertaking as...
Sydney, Australia (ABN Newswire) - New Energy Minerals Limited (ASX:NXE) (FRA:GGY) (OTCMKTS:MTTGF) as part of its plan to acquire and advance new mineral exploration projects is pleased to announce the appointment of experienced non-executive directors Dr Bernard Olivier and Dr Evan Kirby with essential technical skills. The Board is delighted to welcome Dr Olivier who is a highly qualified and experienced geologist to assist New Energy in the implementation of its strategic, exploration and...
Sydney, Australia (ABN Newswire) - New Energy Minerals Limited ("New Energy", the "Company) (ASX:NXE) (FRA:GGY) announces that the strategic investment and joint venture transaction with Hong Kong-based investor UBezTT International Investment Holdings (BVI) Ltd (or Nominee)("UBezTT") has now been completed(see Note below). Pursuant to the transaction, New Energy completed a A$1.5million placement in two tranches to UBezTT at $0.065 per share for a total of 23 million shares, which is a premium...
Sydney, Australia (ABN Newswire) - New Energy Minerals Limited ("New Energy", the "Company) (ASX:NXE) (FRA:GGY) announces that the terms of the Merger of Ruby Assets Agreement dated 14 July 2018 ("MRAA") with Fura Gems Inc. ("Fura"), have been amended between the parties with an amendment agreement dated 26 November 2018 ("Amending Agreement").(see Note 1 below) Under the terms of the Amending Agreement, the consideration payable to New Energy upon closing of the transaction will now be A$2.8...
Sydney, Australia (ABN Newswire) - New Energy Minerals Ltd (ASX:NXE) (OTCMKTS:MTTGF) provides the Company's 2018 Annual General Meeting Presentation. CORPORATE SNAPSHOT Core Business New Energy Minerals Limited is an ASX listed company focused on the mining and exploration of 'New Energy Minerals', including graphite and vanadium. The Company is current fast tracking its world-class Caula Vanadium-Graphite project in Northern Mozambique with first cash flows expected in H2 of 2019. THE CAULA...
Sydney, Australia (ABN Newswire) - New Energy Minerals Limited ("New Energy Minerals" or the "Company") (ASX:NXE) (FRA:GGY) is pleased to provide an update to the market in relation to the Company's activities for the period ending 30 September 2018. HIGHLIGHTS - The feasibility study drilling program on the Caula Vanadium-Graphite Project in Northern Mozambique was completed with 3,025m of diamond drilling and 1,130m of reverse-circulation drilling completed in Q3 - Caula hosts a JORC...
Sydney, Australia (ABN Newswire) - New Energy Minerals Ltd (ASX:NXE) (FRA:GGY) provides the Company's latest Investor Presentation. BUILDING STRONGER, SAFER BUILDINGS - Graphite is a key material in the expandable graphite market, which is widely used in the next generation of fire-retardant material building materials. - With China forecasted to require a total of 40Mtpa of fire-retardant building materials per year, and 5% of this product being made of Graphite, this equates to 2 million...
Sydney, Australia (ABN Newswire) - New Energy Minerals Limited (ASX:NXE) (FRA:GGY) is pleased to report the results of an independent Scoping Study completed by mining consultant group Bara International ("Bara") on the Company's 80% owned Caula Vanadium Graphite Project located in Mozambique. Highlights - The Study demonstrates the viability of an open pit vanadium and graphite mining operation with outstanding economics - Mine life of 26 years based entirely on the JORC Measured Resources for...