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NQ Minerals PLC (NQMI)

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Monday 12 November, 2018

NQ Minerals PLC

First Concentrate sale at NQs Hellyer Project

RNS Number : 9004G
NQ Minerals PLC
12 November 2018
 

12 November 2018

 

NQ Minerals Plc

(the "Company" or "NQ Minerals")

 

First Concentrate sale at NQs Hellyer Polymetallic Project, Tasmania

 

NQ Minerals Plc (NEX: NQMI; OTCQB: NQMLF), a London listed company with Australia based exploration and mining assets, is pleased to announce it has successfully produced from its Hellyer polymetallic operation in Tasmania, Australia its first lead, gold and silver concentrate lot, and delivered it to Traxys Europe SA under a standing offtake arrangement signed in August 2018;

 

Payment from Traxys has been promptly received, which inaugurates the first operational cash flow generated by Hellyer operation since it started its production in September 2018.

 

The full detailed report can be viewed on the Company's website: www.nqminerals.com 

 

 

Commenting, Brian Stockbridge, Non-Executive Chairman of NQ Minerals said:

 

"We are pleased to receive our first payment for the first shipment of concentrate from our Hellyer project in Tasmania Australia. This  now represents the start of positive cash flow at Hellyer for at least the next 10 years. Again, we are very proud of the management and team at Hellyer, and the efforts made to move the low risk and low cash cost project into production. The cash flow will certainly provide many opportunities for Hellyer over the next ten years."

 

 

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About NQ Minerals

 

NQ Minerals is a London listed company with a significant cash producing asset under construction in Tasmania, Australia. NQ also has highly prospective exploration and mining tenements in North Queensland, Australia. NQ has a focus on project locations where past exploration work has established the presence of noteworthy mineral occurrences. The Company's management team has decades of experience in the exploration and production of gold, silver and a variety of base metals. Please visit our website at www.nqminerals.com

 

For further information, please contact:

 

NQ Minerals Plc

 


Brian Stockbridge, Non-Executive Chairman

 

Kris Kottmeier, VP Corporate Development

+ 44 (0) 7876 888011

 

+ 44 (0) 20 3637 6522 (UK)

+ 1 (604) 506 6502 (North America)





Daniel Stewart & Company Plc

 


Richard Potts

+ 44 (0) 20 7776 6550

Daphne Zhang

 

 

IFC Advisory

 

Graham Herring

 

Tim Metcalfe

 

Miles Nolan

 

+ 44 (0) 20 7776 6550

 

 

 

 

+ 44 (0) 20 3934 6630

+ 44 (0) 20 3934 6630

+ 44 (0) 20 3934 6630

 


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