28 November 2017
NQ Minerals PLC
(the “Company” or “NQ Minerals”; NEX: NQMI, OTCQB: NQMLF)
Publication of CPR on the 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 a Competent Person Report (“CPR”) undertaken by CSA Global Pty Ltd (CSA Global), covering the Hellyer Tailings Retreatment Project.
The full report can be viewed on the Company’s website: www.nqminerals.com
The principal objective of the CPR was to report on the Ore Reserve Estimate compiled for NQ Minerals in relation to the Hellyer Tailings Retreatment Project located in Tasmania, Australia. The CPR also reviews: Mine Design, Environment, Permitting, Metallurgy and Economics. It is emphased that a final CPR is intended to be published in relation to the proposed Admission to AIM.
The CPR reports the following:
Commenting, Brian Stockbridge, Non-Executive Chairman of NQ Minerals said:
“We are pleased that the CPR demonstrates the compelling economics and upside potential of our tailings retreatment project in Tasmania. This report validates the extensive work undertaken over the last year by our management and our first class mining and metallurgical consultants. Subject to completion of financing, the company is now well set to move into production in 2018 and we look forward to providing further updates in due course”.
Competent Persons statement:
The information that relates to Mineral Resources is based on information on compiled by Mr David Williams, a Competent Person, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Williams is employed by CSA Global Pty Ltd, an independent consulting company. Mr Williams has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Williams consents to the inclusion of the matters relating to Mineral Resources, based on his information in the form and context in which it appears.
The information that relates to Ore Reserves is based on information received and reviewed by Mr Peter Cranfield, a Competent Person, who is a Member of the Institute of Materials, Minerals and Mining. Mr Cranfield is an Associate of CSA Global Pty Ltd, an independent consulting company. Mr Cranfield has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Cranfield consents to the inclusion of the matters relating to Ore Reserves, based on his information in the form and context in which it appears.
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