About NQ Minerals
AQSE:NQMI, OTCQB:NQMLF, OTCQB:NQMIY
NQ Minerals is an expanding base and precious metals production and exploration company with its operations centered around its Hellyer Operations in Tasmania, Australia.
In 2015, the company listed in London based on a portfolio of historically proven gold and silver exploration assets in Northern Queensland. In 2017, the Company acquired the Hellyer Gold Mine in Tasmania and subsequent to proving a Reserve of over 8 million tonnes, commenced reprocessing of high grade tailings. During late 2018, the Company commenced production of lead, zinc and precious metal concentrates. Hellyer has now achieved commercial production, exceeding originally anticipated metallurgical performance and plans are in place for further expansion.
The Company is currently focussed on further exploration, mining and processing opportunities in Tasmania. These include the proposed development of a new nickel/cobalt mine and processing facility, that will enable further commercialisation of the residual material from the reprocessing of Hellyer-tailings. At the same time the Company is advancing the development of its Northern Queensland properties to bring these into commercial operation.
Hellyer Mine Commercial Production
The 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 concentrate, 1,537 dmt of zinc concentrate, and 4,291 dmt of pyrite/precious metals concentrate realising approx GBP3.2m (AUD$5.7m) in Sales. The Company is now consistently producing all three concentrates with sales occurring on a weekly basis.
Mine Development Underway
NQ Minerals is also developing two exploration projects known as Ukalunda and Square Post, in North Queensland. These projects are both located in prospective mining districts that form part of the well-known Charters Towers Gold Province, where more than 20 million ounces of gold has been mined.> More Ukalunda exploration info
> More Square Post exploration info