NQ Minerals receives Mining Lease for Sunbeam Silver Mine

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

4 April 2018

NQ Minerals PLC
(the “Company” or “NQ Minerals”; NEX: NQMI, OTCQB: NQMLF)
NQ Minerals receives Mining Lease for Sunbeam Silver Mine

 


NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF), an Australia-based exploration and mining company, is pleased to announce that, further to the receipt of a required Queensland Environmental Authority, the Company has been granted a Mining Lease for its wholly-owned Sunbeam Silver Mine (“Sunbeam”). Sunbeam is the most advanced of 33 prospects on the Company’s Ukalunda project (“Ukalunda”) located in the Charters Towers Mining District of Northern Queensland, Australia.

The Sunbeam Mining Lease allows NQ Minerals to conduct larger-scale mining operations starting with the processing of approximately 48,000 tonnes of surface mineral stockpiles at Sunbeam. The Company has undertaken a comprehensive program of rock chip sampling, mapping of the ore stockpiles, mineralogy and metallurgy. This work has indicated that the ore stockpiles contain minerals including: gold, silver, copper, lead, zinc and antimony which all have commercial value. The work program on the high-grade stockpiles will require no excavation as the piles of ore sit in rows above ground.

A special report on Sunbeam was recently completed by independent analyst Dr. Michael Green who specializes in resource and growth companies. The Company invites shareholders and investors to view the report by clicking the following link below:

http://www.nqminerals.com/wp-content/uploads/2018/04/Sunbeam-report-v02-29-March-2018.pdf

 


About NQ Minerals

NQ Minerals is an Australia-based exploration and mining company, focusing on projects where past exploration work has established the presence of 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 + 44 (0) 7876 888011
Kris Kottmeier, VP Corporate Development

 

+ 44 (0) 20 3637 6522 (UK)

+ 1 (604) 506 6502 (North America)

Daniel Stewart & Company Plc
Richard Potts + 44 (0) 20 7776 6596
Nikhil Varghese + 44 (0) 20 7776 6571
IFC Advisory Ltd
Graham Herring + 44 (0) 20 3934 6630
Tim Metcalfe + 44 (0) 20 3934 6630
Miles Nolan  + 44 (0) 20 3934 6630