Hellyer Project: Update on progress

3 May 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 that it is well underway with the refurbishment of the Hellyer Flotation plant for the restart of the Hellyer polymetallic operation in Tasmania, Australia.

Further details of the Company’s flagship Hellyer project can be viewed on the Company’s website: www.nqminerals.com.

Highlights of progress in moving towards production and revenue at Hellyer include:

— On target for commissioning the mill for production in the 3(rd) quarter of 2018
— Running to budget at the end of April 2018
— Well advanced with operational readiness
— Technical recruitment advancing soundly
— Correction works to environmental legacy issues left by past operators underway
Commenting, Brian Stockbridge, Non-Executive Chairman of NQ Minerals said:

“We are very pleased with the progress made on the Hellyer site to date. The project leadership team has been very effective with their planning and scheduling with the refurbishment to date being on budget and on time. It is exciting for NQ to see the momentum of the refurbishment build up and seeing the plant moving rapidly towards commissioning. We are clearly looking forward to commencing production at Hellyer.”


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)

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Richard Potts+ 44 (0) 20 7776 6596
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Roland Cornish, Chairman+ 44 (0) 20 7628 3396
James Biddlewww.beaumontcornish.com


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+ 44 (0) 20 3934 6630


+ 44 (0) 20 3934 6630