April 2019 Record Production and Sales Results

 

NQ Minerals PLC

(the “Company” or “NQ Minerals”;
NEX: NQMI, OTCQB: NQMLF)

April 2019 Record Production and Sales Results

May 8, 2019


   

NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF) (“the Company”), a mineral processing, exploration and mining company, is pleased to announce its April 2019 and Year to Date (“YTD”) production results from its flagship Hellyer Mine (“Hellyer”) located in Tasmania.

Key Hellyer production data:

 
                              April 2019   Q1 2019   Total YTD 
                             -----------  --------  ---------- 
 Lead Concentrate Produced      2,145       4,712      6,857 
                                          --------  ---------- 
 Zinc Concentrate Produced      1,748       3,015      4,763 
                                          --------  ---------- 
 Pyrite Concentrate 
  Produced                      10,901     18,488     29,389 
                                          --------  ---------- 

The month of April has been a record month for production and sales. Operational efficiencies continue to be realised with month over month improvements in dredged and milled tonnes.

Brian Stockbridge, Non-Executive Chairman of NQ Minerals, commented:

“The Hellyer Mine achieved record production and sales in April 2019, largely reflecting continued operational improvements and consistency in mining and processing throughput. These progressive trends are encouraging in terms of the Company’s cash flow generation and we continue to examine additional opportunities for value creation.”

-END-


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.


For further information, please contact:

NQ Minerals
Brian Stockbridge
Non – Executive Chairman
[email protected]
+ 44 (0) 787 688 8011 (UK)
NQ Minerals
Colin Sutherland
Chief Financial Officer
[email protected]
+ 1 (416) 452 2166 (North America)
Arden Partners Plc
Corporate Finance
Ruari McGirr, Ciaran Walsh
Dan Gee-Summons
+44 (0) 207 416 5900
IFC Advisory Ltd
Financial PR
Graham Herring,
Tim Metcalfe
+44 (0) 203 934 6630