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NEW ENERGY MINERALS LTD (NXE)

Listed on ASX

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

 FROMTO
NEW ENERGY MINERALS LTD16/10/2018
MUSTANG RESOURCES LIMITED06/03/201516/10/2018
OGI GROUP LTD03/06/201406/03/2015
GOLDEN GATE PETROLEUM LTD23/07/200303/06/2014
VALDERA RESOURCES LIMITED23/07/2003

Shareholder links

Our website ranking of NXE: rating 3
(3 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare Investor Services, Level 11 172 St Georges Terrace Perth WA 6000

Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 7 3229 9860
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000026940
Address: Level 3, 9 Bowman Street South Perth, WA 6151
Tel:  +61 (08) 9217 2400 Fax: +61 (08) 9217 2401

Date first listed: 10/05/2002
Company Secretary: Robert Marusco
Sector: Materials Industry Group: XMJ
Activities: Graphite Exploration in Mozambique

The suspension of trading in the securities of New Energy Minerals Limited will be lifted from the commencement of trading today, Wednesday, 7 November 2018, following the release by NXE of an announcement regarding a capital raising and joint venture partner.

07/11/2018

The company has entered into a binding agreement with a strategic investor group led by Mr. Louis Ching, a highly influential Hong Kong-based businessman with extensive business interests in China and South Korea. There will be a $1.5 million placement in NXE which will be in two tranches at 6.5 cents per fully paid ordinary share totalling approximately 23 million shares. There will also be a $3.5 million project level investment and incorporated joint venture through subscription for new fully paid ordinary shares in Balama Resources to acquire 50% of its post-issue shares. The settlement of tranche 1 of the placement by NXE consists of 17.4 million shares on/before Tuesday 6 November 2018 under the Company's existing ASX Listing Rule 7.1 placing capacity.

07/11/2018

The company has been served with a statutory demand notice by Arena Structured Private Investments owned by Arena Investors, arising from debts allegedly owned by the company under the terms of the convertible note deed between the company and Arena. The Company does not accept the quantum of Arena's claim under the statutory demand. The Company is currently seeking legal advice to determine its next steps.

06/11/2018

New Energy Minerals Limited advises that it is finalising details in relation to a material funding arrangement by the Company. New Energy requests that the current voluntary suspension of trading in its securities be extended until the funding arrangement details are released. The Directors hope to be in a position to request the lifting of the suspension for the commencement of trade on or before 7 November 2018.

05/11/2018

The securities of New Energy Minerals Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of NXE, pending the release of an announcement.

01/11/2018

The suspension of trading in the securities of New Energy Minerals Ltd will be lifted immediately, following the release by NXE of an announcement regarding a scoping study.

22/10/2018

Caula Vanadium-Graphite Project scoping study demonstrates the viability of an open pit vanadium and graphite mining operation with outstanding economics . It has a mine life of 26 years based entirely on the JORC Measured Resources for both vanadium and graphite. 1,877 metres of diamond drilling over 16 drillholes and 99 metres of RC drilling (1 drillhole) were completed by the Company for the Scoping Study. Approximately 4,000 metres of additional drilling, sampling, assaying and further testwork underway (drilling and sampling completed) to support Reserve definition and pre-feasibility studies. New Energy Minerals is now focused on delivering pre-feasibility level studies by Q1-2019 as well as the fast-tracked implementation of Phase 1 of the project targeting 1st cashflows in H2-2018.

22/10/2018

The company is finalising details in relation to a material scoping study report by the Company. New Energy requests that the current voluntary suspension of trading in its securities be extended until the scoping study is released. The Directors hope to be in a position to request the lifting of the suspension for the commencement of trade on or before 22 October 2018.

17/10/2018

name changed from Mustang Resources Limited

16/10/2018

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    13/08/2015Frank Petruzzelli55,000$0.195$10,725
    06/08/2015Frank Petruzzelli50,000$0.205$10,250
    18/06/2013Stephen Graves5,000,000$0.003$15,000
    25/02/2013Chris Porter2,500,000$0.004$10,000
    12/11/2012Frank Petruzzelli5,500,000$0.007$38,500

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Ian DaymondExecutive Chairman30/07/2014
    Christiaan JordaanManaging Director01/02/2016
    Robert MaruscoCFO04/03/2016
    Paul ChingNon Exec Director12/06/2019
    Jackie LeeNon Exec Director12/06/2019

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Bernard OlivierManaging Director15/01/201812/06/2019
    Evan KirbyIndependent Director07/03/201812/06/2019
    Cobus van WykExecutive Director, COO10/06/201512/06/2019
    Peter SpiersNon Exec Director23/05/201731/12/2017
    Frank PetruzzelliNon Exec Director13/07/201521/11/2016
    Andrew LawNon Exec Director, Non Exec Chairman15/06/201531/05/2016
    Chris RitchieCFO12/07/201011/03/2016
    Mark FreemanNon Exec Director30/07/201410/06/2015
    Chris PorterIndependent Director19/12/201230/07/2014
    Robert OliverIndependent Director19/12/201230/07/2014
    Stephen GravesExecutive Chairman, Managing Director04/02/200814/11/2013
    Frank BrophyNon Exec Director01/11/200930/11/2012

    Date of first appointment, title may have changed.