Mustang Minerals

Mustang Minerals Corp. (TSXV:MUM, Frankfurt:NJF) is focused on development of the Makwa Mayville Copper-Nickel-Cobalt-PGM Project in Manitoba Canada (the “Project”) and is an active exploration company. The Company announced positive results of a National Instrument 43-101 Preliminary Economic Assessment (PEA) for the Project in April 2014 completed by RPA Inc . Using long term metal prices of US$8.50 lb nickel, US$3.40 lb copper and US$800 oz. palladium the project had a pre-tax Net Present Value of C$107.4 million.(@7.5%).The Project outlined mining from two open pits and flotation and concentration of the products over a 14 year period.Mustang also has property interests in Ontario where it owns mineral rights covering the East Bull Lake Property and (prospective for platinum group metals) and the Bannockburn Nickel Project which is prospective for komatiite hosted nickel.

Mustang Minerals is focused on exploration and development for nickel, copper and platinum group metals. The Company has two open pit deposits which comprise the Mayville Makwa nickel copper cobalt palladium project (the Project). The Project is located in southeast Manitoba in the Bird River Greenstone Belt.The Company announced a Preliminary Economic Analysis (PEA) which included an updated resource estimate for the project in April 2014.   The PEA was completed by RPA Inc.  and was based on a conventional truck and shovel operation and recovery by flotation concentration at a central mill located at Mayville. The Project life was 14 years. The Net Present Value of the Project using US$3.40 lb copper and US$8.50 nickel was C$ 107.4 million.Western Areas Ltd. (ASX: WSA) an Australian nickel producer owns ~ 19% of the equity of Mustang.