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.”
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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.
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 |