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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: 



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."






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


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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