NQ Minerals PLC
(the “Company” or “NQ Minerals”;
NEX: NQMI, OTCQB: NQMLF)
First Bulk Shipment Of Hellyer Pyrite Concentrate Unloaded At Destination Port
May 22, 2019
NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF), the mineral processing, exploration and mining company, is pleased to announce that it has successfully shipped approximately 34,500 tonnes of precious metal pyrite concentrate from the Company’s Hellyer Gold Mine (“Hellyer”) out of Burnie Port, Tasmania.
— Milestone first bulk shipment of precious metal pyrite concentrate for the Company.
— The shipment contained higher than forecasted grades for both gold and silver.
— The pyrite component of the product contains high sulphur and iron grades.
— The Board expects regular shipments of pyrite from Hellyer.
— Since completion of the refurbishment in late 2018, the Company has now successfully produced and sold three quality concentrates from Hellyer as follows:
Roger Jackson, Executive Director of NQ Minerals, commented:
“This bulk shipment of precious metal pyrite concentrate represents a significant milestone for NQ Minerals. We have now delivered three high quality concentrate products to the market from our flagship Hellyer mine, with industry leading customers in both Australia and Asia. We will continue to deliver on this exciting project, with positive net contributions to both the local economy and the environment, while generating robust cash flows for the Company.”
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:
Non – Executive Chairman
+ 44 (0) 787 688 8011 (UK)
Chief Financial Officer
+ 1 (416) 452 2166 (North America)
|Arden Partners Plc|
Ruari McGirr, Ciaran Walsh
+44 (0) 207 416 5900
|IFC Advisory Ltd|
+44 (0) 203 934 6630