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NQ Minerals PLC (NQMI)

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Tuesday 15 January, 2019

NQ Minerals PLC

Commercial Production

RNS Number : 1548N
NQ Minerals PLC
15 January 2019
 

15 January 2019

 

NQ Minerals Plc

(the "Company" or "NQ Minerals")

 

NQ Minerals declares Commercial Production

 

NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF), is pleased to announce that commissioning of the Hellyer Processing Plant has now been completed and that during the fourth quarter of 2018, the company produced 3,991 dry metric tonnes ("dmt") of lead, 1,537 dmt of zinc, and 4,291 dmt of pyrite realising approx £3.2m (AUD$5.7m) in Sales. The Company is now consistently producing all three concentrates with sales occurring on a weekly basis. 

"With commissioning substantially complete, NQ is now a producer.  Having completed the acquisition and refurbishment of Hellyer over the prior two years, the culmination of Management's efforts will make 2019 a transformational year for the Company.   With the change in status to a producer, we believe there is substantial potential to unlock shareholder value."  stated Brian Stockbridge, Chairman of NQ Minerals PLC.

 

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About NQ Minerals

 

NQ Minerals is an Australia-based mining company which commenced production in Q4 2018 at its flagship Hellyer Gold Mine.  The Company anticipates strong cash-flow and profitability from Hellyer and has a portfolio of exciting exploration prospects. 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. All figures presented are unaudited. 

 

For further information, please contact:

 

NQ Minerals Plc

 

Brian Stockbridge, Non - Executive Chairman

+ 44 (0) 7876 888011

Colin Sutherland, Chief Financial Officer

 

 

 

+ 1 (416) 452 2166 (North America)

 

 

 

 

 

Beaumont Cornish Limited

 

 

Roland Cornish, Chairman

+ 44 (0) 20 7628 3396

James Biddle

www.beaumontcornish.com

 

 

Daniel Stewart & Company Plc

 

Richard Potts

+ 44 (0) 20 7776 6550

Daphne Zhang

+ 44 (0) 20 7776 6550

 

 

 


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