New Energy Minerals Limited, formerly Mustang Resources Limited, is an Australia-based company engaged in ruby, diamond and graphite exploration in Mozambique. The Company is a gemstone developer focused on the development of the prospective Montepuez Ruby Project in Northern Mozambique. The Company's projects also include Balama Graphite Project and Save River Diamond Project. The Montepuez Ruby Project consists of over three licenses, covering approximately 15, 800 hectares. The Balama graphite project consists of approximately eight prospective tenements in the Balama graphite province of Cabo Delgado, Mozambique. The licenses collectively make approximately 66, 670 hectares. The Company's Save River Diamond Project is located over 200 kilometers downstream from Kimberlite pipe sources at Marange, Murowa in eastern Zimbabwe. Its subsidiaries include GGR Exploration LLC, Cathie Energy Texas, LLC, Kindee Oil & Gas Louisiana, LLC and Long Flat Ltd.