Further Offtake Agreement for the Hellyer Project

19 November 2018

NQ Minerals PLC
(the “Company” or “NQ Minerals”; NEX: NQMI, OTCQB: NQMLF)
Precious Metals and Pyrite Offtake Agreement for the Hellyer Project


Further to the announcement on 12(th) November 2018, NQ Minerals Plc (NEX: NQMI; OTCQB: NQMLF), a London listed company with Australia based exploration and mining assets, is pleased to announce it has entered into an additional marketing and off-take agreement with Traxys Europe S.A.

The marketing and offtake agreement relates to the sale of all the precious metal and pyrite concentrate to be produced from NQ Minerals’ Hellyer Project located in Tasmania and covers the first 5 years of concentrate production. The agreement includes the facility for prepayment against concentrate deliveries and provides Hellyer with access to Traxys’s extensive global network and experienced marketing and distribution team.

A full report on the status of Hellyer refurbishment activities can be found on the Company’s website – www.nqminerals.com.

Commenting, Brian Stockbridge, Non-Executive Chairman of NQ Minerals said:

“This agreement completes our marketing arrangements for the Hellyer project and reinforces the strong partnership NQ Minerals has developed with Traxys.”

END


About NQ Minerals

NQ Minerals is a London listed company with a significant cash producing asset under construction in Tasmania, Australia. NQ also has highly prospective exploration and mining tenements in North Queensland, Australia. NQ has a focus on project locations where past exploration work has established the presence of noteworthy mineral occurrences. 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 Plc
Brian Stockbridge, Non – Executive Chairman + 44 (0) 7876 888011
Kris Kottmeier, VP Corporate Development

 

+ 44 (0) 20 3637 6522 (UK)

+ 1 (604) 506 6502 (North America)

Daniel Stewart & Company Plc
Richard Potts + 44 (0) 20 7776 6596
Nikhil Varghese + 44 (0) 20 7776 6571
Beaumont Cornish Limited
Roland Cornish, Chairman + 44 (0) 20 7628 3396
James Biddle www.beaumontcornish.com

 

IFC Advisory Ltd
Graham Herring + 44 (0) 20 3934 6630
Tim Metcalfe

 

Miles Nolan

+ 44 (0) 20 3934 6630

 

+ 44 (0) 20 3934 6630