Hellyer Project: Update on progress

21 June 2018

NQ Minerals PLC
(the “Company” or “NQ Minerals”; NEX: NQMI, OTCQB: NQMLF)
Project update for the refurbishment and start up of the Hellyer Polymetallic Project, Tasmania


NQ Minerals Plc (NEX: NQMI)(OTCQB: NQMLF), an Australia based exploration and mining company, is pleased to announce a construction update on the refurbishment of the Hellyer Floatation plant for the restart of the Hellyer polymetallic operation in Tasmania, Australia.

The full report can be viewed on the Company’s website: CLICK HERE

Highlights

– The project continues to be on budget and on time for commissioning of the plant in August 2018

   - Total number of hours worked to 31 May 2018 is 29,631 hours with no lost time incidents 
   - Project expenditure commitments at 60% to end of May 2018 
   - Major components expected to arrive on site in June/July 2018 
   - Mechanical work substantially completed in Floatation plant

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

“The advancement of the Hellyer refurbishment continues at an accelerated pace. The refurbishment to date has been on budget and on time, and the project leadership team are now clearly focused on completing the task, and expect the project to be only a few months away from production. This remains an exciting time and we look forward to unlocking significantly more value for our shareholders and stakeholders as we advance towards production at Hellyer.”

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About NQ Minerals

NQ Minerals is an Australia-based exploration and mining company, focusing on projects where past exploration work has established the presence of 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