15 January 2019
NQ Minerals PLC
(the “Company” or “NQ Minerals”; NEX: NQMI, OTCQB: NQMLF)
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 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.
“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.
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)|
|Daniel Stewart & Company Plc|
|Richard Potts||+ 44 (0) 20 7776 6550|
|Daphne Zhang||+ 44 (0) 20 7776 6550|
|Beaumont Cornish Limited|
|Roland Cornish, Chairman||+ 44 (0) 20 7628 3396|
|IFC Advisory Ltd|
|Graham Herring||+ 44 (0) 20 3934 6630|
|+ 44 (0) 20 3934 6630
+ 44 (0) 20 3934 6630