28 November 2017
NQ Minerals PLC
(the “Company” or “NQ Minerals”; NEX: NQMI, OTCQB: NQMLF)
Permit to Operate at Hellyer Gold Project
NQ Minerals Plc (The “Company” or “NQ Minerals”; NEX: NQMI; OTCQB: NQMLF), an Australia-based exploration and mining company, is pleased to announce that it has received approval of its 2017 Environmental Management Plan for the commencement of operations at its wholly owned Hellyer Gold Project in Tasmania, Australia.
The full report can be viewed on the Company’s website: www.nqminerals.com
The Permit (PCE No 7386, DA 138/2006) granted by the Environmental Protection Authority of Tasmania, allows NQ Minerals to commence tailings reprocessing operations at its flagship project Hellyer Gold mine. NQ expects operations to commence in 2018.
Commenting, Brian Stockbridge, Non-Executive Chairman of NQ Minerals said:
“This is an exciting milestone for NQ Minerals. This permit now offers us a clear pathway to production in 2018. Coupled with the publication of our recent Competent Persons Report and, subject to the completion of financing, we are confident of bringing into production a project that has significant positive environmental impact.
About NQ Minerals
NQ Minerals Plc (NEX:NQMI) (OTCQB: NQMLF) is building a leading gold and base metal production, development and exploration company. The Company’s flagship project is its wholly owned Hellyer Gold Mine, a world-class, company maker project, located in Tasmania Australia., with a near-term production development route and the potential to generate revenues exceeding AU$1.3 billion over its current 10 year life of mine.
The Company’s primary focus is on bringing the Hellyer Gold Mine into production during 2018, which has the potential to transform NQ Minerals into a revenue generating mining company within a short time period. Development work during 2017/2018 will involve the refurbishment of the existing operating facilities in order to extract and treat the large high-grade tailings deposit on site and produce three marketable concentrates (lead, zinc, gold/silver/pyrite).
In addition NQ Minerals has two gold and silver projects in the prospective mining districts of Ukalunda and Square Post, both in North Queensland.
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
Beaumont Cornish Limited
Roland Cornish, Chairman
+ 44 (0) 20 3637 6522 (UK)
+ 1 (604) 506 6502 (North America)
+ 44 (0) 20 7628 3396
Daniel Stewart & Company Plc
+ 44 (0) 20 7776 6596
+ 44 (0) 20 7776 6571
Yellow Jersey PR
+ 44 (0) 7748 843 871
+ 44 (0) 7544 275 882
+ 44 (0) 7951 402 336